Shibariumrecorded an unprecedented increase in daily transactions. Shime is also on a huge parabolic run in terms of its total transactions. Data from Shibariumscan shows that as of December 1, total daily transactions increased to 5.11 million. This brings the total number of transactions recorded on Shibarium to date to 12,098,567.
This number of transactions is not a foreign figure in the Ethereum layer-2 world. However, Shibarium and broader Shiba Inu It’s quite strange for its ecosystem. The largest increase since its inception in August was recorded earlier this week, when daily transactions broke through the 700,000 resistance point.
However, current figures have flattened out all moves so far. In this context, it sent a signal that a new era may have begun for Shibarium.
The reasons for these spikes appear elusive at this time. However, the community has now fully announced the increased transaction growth and accompanying volume, marking the beginning of a new major reinvention for Shibarium. The milestone in transaction numbers has positioned Shibarium as a serious contender in the L2 race. Especially with the enormous load he had just begun to handle and his chain remaining unbroken.
Implications for SHIB and BONE
The continued increase in Shibarium transactions has spurred a recovery in the price of SHIB. Additionally, it is trading at $0.000008398 at press time, with a 3% gain overnight.
Native token of the Shibarium protocol Bone ShibaSwapIt was noteworthy that the price of (BONE) increased by 15.64% to 0.7236 dollars. As expected, BONE trading volume increased by 85% to $11,627,929. Because more traders now choose to adapt to the asset for upside potential. Consistent Shiba Inu kill rates and community excitement, with the core team at the forefront, have positioned Shibarium in a good light, and the promotion now appears to be paying off.