Shibarium, Shiba Inu’s Layer-2 scaling solution, has witnessed a surge in popularity with over 634,000 active addresses.
Shibarium boasts 600,000 active wallets and facilitates over 700,000 transactions.
Shiba Inu’s cutting-edge Layer-2 scaling solution, known as Shibarium, is causing a significant stir in the cryptocurrency sphere. Recently, it witnessed over 634,000 active addresses, showcasing a notable surge in transaction activity. By August 31, daily transactions had peaked at 93,315, accumulating 698,642 transactions.
In the past 24 hours, an impressive 52 million SHIB tokens were destroyed, effectively reducing the circulating supply. Currently, SHIB is trading at $0.00000796, marking a modest 3.2 percent decrease, with a 24-hour trading volume of $133,299,787. This heightened network activity comes on the heels of successfully resolving a technical issue during the weekend.
Surging Wallet Numbers, Yet TVL Sparks Concerns
Despite a somewhat turbulent beginning, Shibarium
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