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Shiba Inu's Shibarium Eyes Whopping Increase in Transactions

Sun, 09/10/2023 - 11:18
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Gamza Khanzadaev
Shibarium transactions up 100% in three days despite attacks on Shiba Inu blockchain
Shiba Inu's Shibarium Eyes Whopping Increase in Transactions
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In a whirlwind of activity, Shibarium, the blockchain associated with the Shiba Inu cryptocurrency, has experienced an extraordinary surge in transaction volume over the past two days. Data from Shibariumscan reveals that the number of transactions has more than doubled since the previous Thursday, skyrocketing from a high of 88,630 to a staggering 177,050 transactions in the last 24 hours alone. This surge pushed the total number of transactions through the blockchain during this period to a remarkable 420,000.

Source: Shibariumscan

The sudden uptick in transactions has propelled Shibarium's cumulative transaction count since its full launch at the end of August to a whopping 1.74 million, marking a significant milestone for the Shiba Inu ecosystem.

Shibarium Transactions Exceed 1.5 Million, While Almost 100 Million SHIB Gets Burned

This unexpected turn of events has raised concerns and prompted increased vigilance within the Shiba Inu community as it grapples with the exhilarating surge in Shibarium transactions. Shibarium's rapid rise and the community's resilience in the face of adversity have undeniably become a focal point of interest for SHIB enthusiasts.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.