• Shibarium transactions were on the decline after hitting their all-time high.
• SHIB was on a consecutive uptrend as the price increase continued.

A few days ago, Shiba Inu’s [SHIB] L2 platform, Shibarium, experienced a surge in transactions, reaching an all-time high since its restart. Nevertheless, this initial excitement appears to have waned somewhat. Has this had any impact on SHIB’s price trend?

Is your portfolio green? Check out the SHIB Profit Calculator

Shiba Inu’s L2 sees decreasing transactions

Following its restart after an initial setback, Shibarium recently experienced a surge in transactions, achieving a historic high just a few days ago.

Data from its Shibariumscan indicated a consistent upward trend, with daily transactions peaking at over 200,000 on 11 September. However, at the time of this update, the transaction volume had slightly decreased to approximately 183,000. 

Furthermore, the scanner reported that the cumulative number of transactions on the platform had surpassed 2.6 million, and the total number of wallets had exceeded 1.2 million.

SHIB 24-hour burn rate declines

Over the last 24 hours, Shiba Inu’s native token SHIB experienced a significant decrease in its burn rate. Shibburn’s data revealed a nearly 50% reduction in SHIB’s burn rate within this timeframe.

Furthermore, over the past 24 hours, an impressive 31 million
Go to Source to See Full Article
Author: Adewale Olarinde

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details