Shiba Inu's layer-2 blockchain, Shibarium, has seen a remarkable 450% increase in new accounts in the last 24 hours. This information was obtained through Shibariumscan data and shows increasing interest in the blockchain network.
The number of active accounts increased by 23% from 489 to 602, indicating increased user participation. Shibarium, the layer-2 blockchain of the Shiba Inu ecosystem, has experienced a significant increase in new user accounts in the last day; The number of accounts jumped from 6 to 27, an increase of 450%. This clearly reflects the interest in the Shibarium network.
Along with the influx of new users, the network has also observed a significant increase in transaction fees paid using BONE. It is seen that transaction fees increased from 19.31 BONE to 40.14 BONE during this period. BONE acts as a gas fee within Shibarium, and a portion of each transaction fee is burned by converting it into SHIB tokens; This reduces the total supply and increases the value of the cryptocurrency.
The increase in new accounts and higher transaction fees also coincides with a significant increase in daily trading volume. The number of daily transactions reached 4,319, an increase of 35.6% compared to the previous day. This rise indicates that activity on the network is increasing and users are engaging with the platform more effectively; They are likely acting to trade or accumulate BONE and SHIB tokens.
This new interest and strong activity in Shibarium may also be partially linked to the recent positive price movements of Shiba Inu tokens. Investors may be attracted by the deflationary mechanisms of SHIB and the additional benefits offered by BONE. As usage of the network increases, Shiba Inu's long-term value proposition becomes more attractive to existing and potential investors.
This remarkable increase in new users and transaction activity on Shibarium presents a promising picture for the Shiba Inu ecosystem. As more users engage with the network through increased transaction fees and token burns, the deflationary impact on SHIB could yield significant gains in the long run. Therefore, investors and crypto enthusiasts should follow Shibarium's development to understand its impact on the broader crypto market.
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