Layer-2 Shiba Inu platform In the last day, there has been a discernible increase in transactions on Shibarium. For the Layer-2 platform, daily transactions have increased by up to 50% within the past 24 hours.
Lucie, a member of the Shiba Inu team, brought notice to the increase in Shibarium daily transactions, which currently total 43,690. Compared to the 29,280 transactions from the previous day, there has been a discernible rise.
https://x.com/LucieSHIB/status/1727948384009388091?s=20
According to reports, the total number of transactions on Shibarium has surpassed four million. As per Shibarium explorer Shibariumscan, 4,130, 478 transactions have been made on the Layer-2 platform overall.
There are 1,270,892 wallet addresses available right now. With an average block time of 6.0 seconds, there have been 1,790,213 blocks in total.
SHIB price action
The Shiba Inu had a significant increase from its Nov. 21 lows of $0.00000761. The dog-themed cryptocurrency has been gaining steadily ever then as bulls try to break over $0.000008.
As of this writing, SHIB was up $0.00000822, or 0.62%, over the previous day. Should the rally persist, SHIB may next target the $0.0000091 level, where bears might put up a fight.
SHIB may try to remove a zero from its price if the $0.000009 range is successfully violated. However, if drops happen, Shiba Inu may find support around the daily moving averages of 50 and 200, which are located at $0.00000796 and $0.00000778.
According to Shibburn statistics, the Shiba Inu daily burn rate has stabilised after burning 12,400,814 SHIB tokens in five transactions during the previous day.
