Shibarium Achieves Milestone Growth: Surging Wallets and Daily Transactions Propel Shiba Inu Ecosystem

April 16, 2024
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In a groundbreaking development for the Shiba Inu community, Shibarium has witnessed an unprecedented surge in adoption. Over the past four days, Shibarium has welcomed more than 375,000 new wallets, signaling a remarkable uptick in user participation within the ecosystem. This surge in adoption comes at a crucial time when Shibarium is solidifying its position as a key player in addressing Ethereum’s high gas fees and enhancing transaction speed for market participants dealing with ecosystem tokens like Bone ShibaSwap (BONE), LEASH, and SHIB.

The growth of Shibarium has been nothing short of remarkable, with daily transactions experiencing significant spikes, hitting a record breaking average of 1 million daily transactions soon.

One of the most striking developments within Shibarium is the surge in the number of hosted wallets on the network. Community figure Clifford highlighted this surge, revealing that Shibarium had surpassed 1.4 million wallet addresses, reaching 1,406,566 addresses initially. This number has since continued to climb, with a recent update indicating a significant increase to 1,616,558 wallet addresses, reflecting an addition of 209,992 addresses in just two days.

The recent influx of over 375,000 new wallet addresses within the past four days has further solidified Shibarium’s position as a frontrunner in the blockchain space. This surge in wallet activity has also led to a substantial increase in transaction fees denominated in BONE, with fees skyrocketing from a modest 10 BONE on April 10 to an astonishing 213 BONE, marking an exponential rise exceeding 2,000%.

As excitement mounts within the SHIB community, all eyes are on the price movements of SHIB and BONE tokens, closely intertwined with the Shibarium ecosystem.

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