[Shiba Inu’s Shibarium soared, the number of new users reached 450%]
Shibarium, the Layer-2 blockchain of the Shiba Inu (SHIB) ecosystem, has seen a staggering 450% growth in the number of new accounts in the past 24 hours, according to data from Shibariumscan.
The number of new accounts currently stands at 27, up from just 6 the day before. The surge in new users reflects growing interest in the network. The total number of active accounts also increased by 23% from 489 to 602.
The surge in new users has been accompanied by an increase in transaction fees paid using BONE, Shiba Inu’s native token. Transaction fees increased from 19.31 BONE to 40.14 BONE. This token is used as a gas fee for Shibarium transactions, with a portion of each transaction fee converted to SHIB and burned, thus reducing the total supply, having a deflationary effect.
Trading activity on the network has also increased, driven by an influx of new accounts and higher trading volumes. Daily transaction volume surged to 4,319 transactions, a 35.6% increase from the previous day.
New users may come to explore the platform or stake BONE and SHIB tokens to improve the network as a whole. The renewed interest in Shibarium may be due to the recent price movement of the Shiba Inu token.
