The more we use Shibarium, the more token burn there will be: and therefore bull run in sight. Shiba Inu lead developer Shytoshi Kusama was clear on this. And apparently, the ShibArmy has received the instructions: they have started investing in Shiba’s Layer 2 Ethereum blockchain. Results: a few months after its launch, the number of transactions exploded.
Massive rush of investors on Shibarium
At the beginning of December, Shibarium offers itself an all-time high of 5.11 million transactions in a single day. This allowed him to accumulate 12,098,567 transfers since its launch mid-August last year.
Two weeks later, things have evolved on this second layer solution from Shiba.
“ Shiba Inu’s BONE token jumps 11% as Shibarium sees explosive transaction growth, with over 105 million transactions in total. The Shiba Inu community anticipates more SHIB burns, which will increase its value in the long term. »
A little visit to Shibariumscan.io taught us more details about this data. Indeed, at the time of going to press, we retained the following statistics:
- 106,549,714 total transactions ;
- 7.36 million daily transactions:
- 1,307,927 wallet addresses that interacted with Shibarium;
- Etc.
In other words, the number of crypto investors interested in the SHIB memecoin has increased significantly over the past two weeks. Shibarium, which had only recorded 12 million transactions on 1er December, therefore saw 94 million additional transactions.
Consequence: the Bone ShibaSwap gained 4.5% in just 24 hours, and 30.8% over 14 days. Right now, BONE is trading at $0.804 per coin.
Why such a rise at Shiba?
According to FXStreet, the increase in SRC-20 mint activities has something to do with it. Like the Bitcoin network, which was able to accommodate BRC-20 tokens, the Shibarium also seems conducive to registrations and ordinals based on SRC-20 currency.
This allowed the emergence of notorious projects like WOOF, for example.
Also, it should be noted the recent whale movements reported by Santiment. According to this crypto intelligence channel, there was a spike in SHIB whale transactions worth 100,000 dollars on December 13. In total, 38 transactions of the same ilk.
Also, Santiment highlighted an increase in active Shiba Inu addresses and volume.
For the moment, SHIB does not display attractive figures like certain altcoins: only 3.2% increase over 24 hours and 20.8% over two weeks, underlines CoinGecko. In any case, the crypto starter, which was struggling to follow the dynamics of bitcoin and ether, is far from reaching the 1 cent so dreamed of by its aficionados.
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