Gas prices on Shiba Inu's
The surge in gas prices can be largely attributed to the escalating utilization of the network. Over the past day alone, Shibarium has witnessed a substantial increase in transactions, surging from 9,750 to an impressive 10,770. Concurrently, the number of active accounts engaging with Shibarium has surged, with a notable 34% uptick in new accounts, totaling 478.
Shiba Inu's favorite BONE
Transactions within Shibarium are facilitated through BONE, the secondary token within the Shiba Inu ecosystem. Despite the astronomical rise in gas fees, the exchange rate of BONE has remained relatively stable, hinting at a resilient market response.
Nevertheless, BONE still experienced a notable 14.86% surge in price during the previous week, indicating underlying strength within the broader Shiba Inu ecosystem.
Gamza KhanzadaevThe sudden surge in gas prices in Shibarium highlights the growing demand and activity within the network, albeit at a cost. As the Shiba Inu ecosystem continues to evolve and expand, the community is closely monitoring these developments, anticipating further implications for token dynamics and market sentiment.
Alex Dovbnya
Dan Burgin
Vladislav Sopov