The 267% spike in BONE transaction fees on Shibarium may reflect increased activity in the Shiba Inu ecosystem.

Shibarium, Shiba Inu's layer 2 blockchain solution, has experienced a significant increase in transaction fees, marking a notable 267% increase in the past 24 hours.

Data taken from Shibariumscan shows a significant increase in gas fees paid in BONE, from 11.57 BONE to 30.98 BONE.

This spike in fees is likely due to increased network activity, possibly fueled by growing interest in Shiba Inu tokens amid recent market volatility.

As investors look to take advantage of opportunities in the ecosystem, trading volumes on the Shibarium network have increased, leading to higher transaction fees.

For those who don't know, BONE plays an important role in the Shiba Inu ecosystem. In addition to paying transaction fees on the Shibarium network, each transaction involving BONE contributes to burning SHIB tokens