According to the latest data, Shiba Inu Shibarium, ‘s layer-2 blockchain solution, has experienced an increase in transaction fees in the last 24 hours. Thus, Shibariumscan reveals that gas commissions paid in BONE, the native token of the Shiba Inu ecosystem, increased from 12 BONE to 61.47 BONE, an increase of 500%. Shibarium facilitates the transfer of Shiba Inu tokens by using BONE tokens to cover transaction fees. Specifically, each transaction contributes to the burning of SHIB tokens, and part of the BONE transaction fee is converted into SHIB tokens and sent to the unusable wallet.
The increase in fees on Shibarium can be attributed to several factors, primarily increased network activity. With the recent rise in popularity of Shiba Inu tokens amid market volatility and increased investor interest, Shibarium The demand for transactions on its network has also increased.
Another thing that confirms this increase in online activity, as reported by Koinfinans.com, is the remarkable rise in active accounts, which jumped from 1,724 to 3,650 in the same 24-hour period, a staggering 211% increase. Interestingly, there was no increase in the number of new accounts, but rather a decrease. This shows that the increase in activity comes mainly from existing accounts rather than new additions to the ecosystem.
What’s Next for the Shiba Inu?
This increase in transaction fees and network activity raises important questions about the future direction of Shiba Inu’s network and tokens.
Will this increase in fees herald further activity growth in the SHIB ecosystem? How will Shibarium adapt to meet growing demand while maintaining efficiency and scalability? These questions continue to be topics that the crypto arena is curious about.
