When this article was written, Shiba Inu (SHIB) was trading at $0.00001691, which is a 4.75% decline over the previous day. A few optimistic views in the Shiba Inu ecosystem point to a potential comeback, even if current price action indicates an impending bearish twist.
SHIB burn rate and Shibarium daily transactions on rise
According to data from Shiba Inu’s specialised burn tracker, Shibburn, this statistic rose by 114.36% over the previous day. This resulted in 9,071,593 SHIB being burned. This fire rate has now consumed 410,731,258,074,742 of Shiba Inu’s original supply.
According to Shibarium Scan, there are up to 4.75 million transactions per day on Shiba Inu’s Layer-2 scaling blockchain.
This number follows an extreme low of 3,000 for Shibarium at the start of October. This measure hit 4.77 million on Friday amid the increasing adoption boom. At an average block duration of five seconds, 7,549,163 blocks were generated, resulting in about 435,711,744 transactions overall.
A price rebound for SHIB might be triggered by these growth tractions. Shibarium is one of the most widely used L2 blockchains with such values. This recognition could attract additional users to the network, increasing SHIB’s use cases.
Short-term price increases might be sparked by a shortage of supply brought on by the rise in demand and network activity.
SHIB community anticipates good news
At the same time, the SHIB ecosystem is presently experiencing extreme optimism. Following the publication of a four-word post on X by LUCIE, the network’s marketing lead, this started.
“Step by step. Calm down,” she wrote.
This comment seems to be an incentive to the SHIB Army, even if it makes no mention of Shiba Inu, Shibarium, or even the eagerly awaited SHI stablecoin.
One may argue that the message is telling people to have patience and have faith that the finest days for the Shiba Inu environment are still to come.
