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Shibarium, a Layer-2 blockchain solution exclusively for the Shiba Inu community, has recently experienced a significant surge in transaction fees, increasing by a significant 267% in the past 24 hours.

Gas commissions paid in the Shiba Inu ecosystem, which uses BONE as its native token, increased from 11.57 BONE to 30.98 BONE.

This spike in fees can be attributed to an increase in online activity, possibly due to increased interest in the Shiba Inu due to recent market volatility.

Transaction volumes on the Shibarium network have surged, leading to higher transaction fees as investors seek opportunities within the ecosystem.

What is Shiba Inu BONE?

For those who don’t know, BONE plays a vital role in the Shiba Inu ecosystem. In addition to paying transaction fees on the Shibarium network, every transaction involving BONE also helps burn SHIB tokens.

A portion of BONE transaction fees are converted into SHIB tokens and sent to death wallets, thereby reducing the overall token supply and potentially increasing scarcity.

This surge in transaction fees raises important considerations about the future trajectory of the Shiba Inu network and its associated tokens.

People are starting to wonder whether this surge in fees means continued growth in activity within the Shiba Inu ecosystem, and how Shibarium can respond to growing demand while ensuring continued efficiency and scalability.

Additionally, the impact of SHIB and BONE will be particularly important to investors amid broader market uncertainty, particularly with the current prevailing bear market sentiment.

At present, the atmosphere of Shiba Inu online is good, and the burning rate continues to rise, with a focus on dog themes.

The market fluctuates, so you must protect your position so that you can expand your income in the future. The core of Laidao deploys potential coins, exclusive for fans