Shiba Inu Shibarium Gas prices on the layer-2 platform have increased by an incredible 2,050% in the last two days, marking a major shift in the token’s network dynamics. Shibariumscan data shows an unprecedented rise in the gas commission cost on the blockchain, revealing that it jumped from 18 gwei to 37.6 gwei in just 24 hours.
This rapid increase follows a 1.84% increase just two days ago, highlighting the impressive pace of Shibarium’s transaction usage.
This increase in gas prices can largely be attributed to increased usage of the network. Shibarium alone has experienced a significant increase in transactions in recent days, rising from 9,750 to an impressive 10,770. At the same time, the number of active accounts interacting with the network also increased, with new accounts increasing by 34% to a total of 478.
Transactions in Shibarium, Shiba Inu It is facilitated through BONE, the secondary token in the ecosystem. Despite this high increase in gas fees, BONE’s exchange rate remained relatively stable, indicating a flexible response from the market.
However, BONE was up a remarkable 14.86% last week, demonstrating the strength in the broader Shiba Inu ecosystem.
The sudden increase in gas prices on Shibarium highlights the increased demand and activity on the network. As the Shiba Inu ecosystem continues to expand, the community is monitoring these developments closely and bracing for further impact on token dynamics and market sentiment.
