As reported by CryptoPotato, Shiba Inu’s second-layer blockchain solution Shibarium has seen a significant increase in daily transaction volume, showing significant growth in the network. Positive network development and a surge in SHIB’s burn rate hint that this meme coin may be heading into a bull run. On April 11, Shibarium’s daily trading volume exceeded 200,000, a 4,000% increase from the previous day. Shibarium aims to boost the second largest meme coin by increasing speed and lowering transaction fees. It has accomplished several things over the past few months. The total number of blocks on the network exceeds 4 million, and the number of wallet addresses exceeds 1.4 million. Another factor that could have a positive impact on the price of Shiba Inu is the SHIB burn rate, which surged by 50,000% on April 11. The number of tokens removed from circulation last month exceeded 15.5 billion, a 2,300% increase from February. Several analysts, including Rekt Capital and JAKE, have recently predicted that the meme coin is about to enter a bull run.
