Shiba Inu's activity surges 3,436% in just 24 hours 🚀📈🔥
Claim Your Free Reward Here 💰
Shibarium, Shiba Inu's blockchain platform, has experienced an astonishing rise in activity, with the number of new accounts skyrocketing by 3,436% within a single day. According to Shibariumscan data, the new accounts surged from 30 to 1,031 overnight, showcasing a significant boost in user engagement.
This spike comes after recent concerns regarding declining activity on Shibarium. The dramatic increase in a mere 24 hours has completely shifted this narrative. Alongside the rise in new accounts, transaction volume on Shibarium also saw a substantial increase, climbing from 4,751 to 8,527 transactions, marking an 80% boost in transaction activity during the same timeframe.
Interestingly, the number of active accounts increased by 1,243 in that period, suggesting that all transaction activity on Shibarium was driven by these new users.
What could be causing such an unusual surge in Shiba Inu's blockchain activity? While the exact reason remains uncertain, it likely correlates with the momentum in the price of SHIB – a popular meme-inspired cryptocurrency – which has risen by nearly 5% since the latest daily candle on its chart.
Typically, increased network activity precedes price movements of related tokens, but in Shiba Inu's case, it appears we are witnessing the reverse. This surge in user engagement and transaction volume might signal a new growth phase for Shibarium. The upcoming days will be crucial in determining whether this increase is a sustainable trend or a temporary anomaly.
