- Shibarium has seen a fall in the number of new and active accounts.
- SHIB continued to trend positively at press time.
Shiba Inu’s [SHIB] Shibarium has been experiencing increased activity, marked by a growing total number of transactions. Besides this surge in activity, what recent trends have the key indicators shown, and how has the SHIB token been performing?
Shibarium sees a drop in key metrics
According to the Shibarium scanner, at press time, the total number of transactions on the network had surpassed 3.6 million. Additionally, the cumulative growth of wallet addresses on the network stood at approximately 1.3 million.
However, upon closer examination of other metrics, it’s evident that certain indicators have shown a decline. Specifically, a look at the new account chart revealed a decrease in the number of new addresses on the network.
At the time of writing, there were 36 new accounts, whereas the 5th of November saw 39 new accounts.
Furthermore, the number of active accounts has dwindled over the past few days. The press time figure was 542, down from the over 560 observed the day before. Additionally, the number of new transactions has been on the decline in recent days.
This fall aligned with the declining trend in both active accounts and new accounts. As of now, the number of new transactions is around 10,500, displaying a noticeable downward trend.
Go to Source to See Full Article
Author: Adewale Olarinde
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
