Shibarium Boom: Transactions Up 70%, SHIB Price Up Nearly 10%

Shibarium, Shiba Inu’s layer 2 scaling solution, has seen a significant increase in transaction activity. On September 18, the network processed 7,715 new transactions, up 70% from 4,537 transactions on September 17.

Other Shibarium metrics such as new contracts and active accounts also increased. Shibarium was launched in August, aiming to reduce transaction fees, increase speed, and improve scalability for the Shiba Inu ecosystem.

The price of SHIB has increased by nearly 10% in the past 24 hours, reaching around $0.00001427. However, traders should be cautious due to overbought conditions. 📈