As reported by U.Today, the gas price of Shiba Inu's Shibarium has skyrocketed 2,050% in just two days, marking a dramatic shift in the dynamics of the token's network. Data from Shibariumscan shows an unprecedented surge in gas commission costs on the blockchain, soaring from 18 gwei to a staggering 37.6 gwei in just 24 hours. This exponential surge follows a 1.84 gwei surge two days ago, highlighting the alarming rate of Shibarium transaction usage.

The surge in gas prices is mainly attributed to the upgrade in network usage. In the past day alone, Shibarium’s trading volume has increased significantly, surging from 9,750 to 10,770. At the same time, the number of active accounts interacting with Shibarium has also increased, with the number of new accounts growing significantly by 34% to a total of 478. Shiba Inu's secondary token BONE is the medium of transactions within Shibarium. Despite the staggering rise in gas fees, BONE's exchange rate has been relatively stable, hinting at a resilient market response. However, BONE’s price still saw a significant 14.86% increase last week, showing the underlying strength within the Shiba Inu ecosystem. The sudden surge in Shibarium's gas prices highlights the increase in demand and activity within the network, albeit at a high cost. As the Shiba Inu ecosystem continues to grow and expand, the community is closely monitoring these developments, anticipating further impact on token dynamics and market sentiment.