- The number of wallets on the Shibarium network exceeded 1.3 million.
- Daily transactions on Shiba Inu’s Shibarium network surpassed 4 million.
- Despite the increase in transactions on the Shibarium, SHIB dropped by 3%.
The Layer-2 network Shibarium, developed by the Shiba Inu team and launched in August 2023, experienced a 40% increase in daily transactions on February 20, with daily transactions calculated at 4.21 million.
The rise in daily transactions on the Shibarium network reflects increased activity on the network. Simultaneously, the increasing number of transactions on the network indicates higher demand and more transactions taking place. So far, there have been more than 364 million transfers on the Shibarium network.
Source: Shibariumscan
Additionally, the number of wallet addresses on the network has surpassed 1 million, with the current count being 1,361,506. According to Shibarium data, the total number of blocks created is 3,289,272. Despite the increase in daily transactions on the Shibarium network, the SHIB price experienced a decrease of over 3% in the last 24 hours.
In addition, according to Shibburn data, only 2 million SHIB t…
The post Increasing Daily Transactions on the Shibarium Network: Will SHIB Price Rise? appeared first on Coin Edition.
Source: https://coinedition.com/increasing-daily-transactions-on-the-shibarium-network-will-shib-price-rise/