- Shiba Inu ranked one on the list of meme coins by social activity.
- SHIB was down by 4% in the last 24 hours, and a few metrics looked bearish.
Shiba Inu [SHIB] recently witnessed a considerable hike in its social activity, reflecting its popularity. This happened at a time when the ecosystem’s much-talked-about L2, Shibarium, was on the verge of reaching a new milestone.
Will these developments have a positive impact on the meme coin’s price action?
Shibarium to reach a new milestone!
Shibarium’s adoption has been on the rise, which has allowed the L2 to come closer to reaching a new milestone.
AMBCrypto’s look at Shibariumscan.io’s data clearly revealed that Shibarium was only 1.3 million transactions away from reaching the 200 million mark.
At press time, Shiba Inu’s Shibarium had processed a total of 198.7 million, with a total of 1.3 million wallet addresses.
The L2 had processed more than 2.3 million blocks with an average block time of 5 seconds. An interesting thing was that Shibarium had a consistently high daily transaction count of nearly 7.7 million, which was commendable.
While the blockchain’s L2 showcased high usage, Shiba Inu’s social activity rose. In fact, SHIB nabbed the top spot on the list of the meme coins in terms of social activity on 26th December.
As per CryptoDep’s tweet, SHIB’s social interactions touched 64.2 million with a social dominance of 0.41% during that day. Apart from SHIB,
Go to Source to See Full Article
Author: Dipayan Mitra
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
