Shibarium, Shiba Inu’s layer-2 blockchain, has reached extraordinary heights and is very close to one million transactions in a huge rush. Data from Shibariumscan shows an astounding 228.5% rise in transaction volume in a single day, totaling a massive 958,440 transactions.
This amazing achievement surpasses previous records held by Shibarium. The last record of 1.04 million transactions was made on March 16.
A significant increase in transaction fees denominated in BONE, a crucial token in the Shiba Inu ecosystem, has also been brought about by the spike in transaction activity on Shibarium. Fees have risen dramatically from a meagre 10 BONE collection on April 10 to an astounding 213 BONE, a growth of more than 2,000%.
With the SHIB community experiencing a surge in enthusiasm, all eyes are focused on the price fluctuations of the SHIB and BONE tokens, which are inextricably tied to the Shibarium environment. But behind all of the enthusiasm, there is a critical concern about how long this extraordinary development trajectory can last.
How much longer can Shibarium sustain its current velocity, and what does this growth mean for the Shiba Inu blockchain as a whole?
The increase in transaction volume demonstrates how interested people are in the Shiba Inu ecosystem, where Shibarium is a key node for decentralised transactions.
The durability and scalability of Shiba Inu’s blockchain infrastructure will surely be put to the test in the days to come, even though the near future is yet unknown.
