Jakarta, Pintu News – Shibarium, Shiba Inu’s layer 2 platform, has recorded a 7,154% increase in daily transactions within five days, attracting significant market attention. From just 63,820 transactions on June 4, the figure jumped to 4.63 million on June 9.
In late May to early June, the number of transactions on Shibarium was stagnant due to profit-taking and macroeconomic uncertainty affecting the market. This caused investor optimism to decline. However, the recent surge in daily transactions shows signs of a strong recovery.
This is reflected in various other metrics on Shibarium. According to the latest data, the Shibarium network has processed a total of 1,221,075,772 transactions. The number of blocks has exceeded 11 million, with the latest number reaching 11,441,907. Meanwhile, the number of addresses on the network now stands at 264,429,239.
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The Shiba Inu ecosystem continues to gain traction with the number of SHIB holders reaching a new record high. A member of the Shiba Inu team, Lucie, noted in a recent tweet that there are 1,511,101 wallets now holding SHIBs, which represents 0.011% of the global population.
In addition, Shiba Inu recently launched an update with the SHIB DeFi toolkit, an upgrade to the engine that governs how users earn, trade, and burn within the Shiba Inu ecosystem. This update is expected to improve functionality and efficiency in transactions within the ecosystem.
Currently, the SHIB price is up 3.22% in the last 24 hours to $0.000013, enjoying positive market momentum as the Bitcoin price surpassed $110,000 for the first time in two weeks.
Shiba Inu’s trading volume also jumped 90%, indicating increased trading interest as optimism returns to the cryptocurrency market. This increase not only indicates a recovery in the Shiba Inu ecosystem but also signals increased investor confidence in the long-term potential of the cryptocurrency.
The significant spike in Shibarium’s daily transactions and the increased adoption of Shiba Inu show that the ecosystem continues to grow and gain the trust of the crypto community. With numerous updates and continuous improvements, Shiba Inu seems poised to strengthen its position in the cryptocurrency market.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.