Shiba

Spike

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://u.today/shib-burns-skyrocket-6750-heres-whats-happening" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> is in the news again, this time with a huge spike worth 1,557% observed on Shibarium. According to data from<a href="https://www.shibariumscan.io/stats" rel="noopener noreferrer nofollow">Shibariumscan</a>, the layer-2 blockchain designed by and for the popular meme-inspired cryptocurrency, saw a spike worth that much in the last 24 hours.
The spike occurred in the active accounts metric, which skyrocketed from 1,685 to 26,237 in just one day. This burst of activity within Shibarium was primarily driven by old accounts, as the number of new accounts joining the network increased by only 3,814 new addresses.
What is important, though, is that it seems to be a new all-time high for active Shibarium accounts.
The result of the sudden burst of active accounts on the<a href="https://u.today/shiba-inu-dogecoin-bonk-and-others-classic-meme-coins-get-massive-advantage" rel="noopener noreferrer nofollow">Shiba Inu</a> blockchain was an increase in the number of new daily transactions, which itself skyrocketed by nearly 1,380%, from 128,047 to 1.76 million. <img src="https://u.today/sites/default/files/inline-images/shibariumm_3.png" data-entity-uuid="3de13088-3453-46f2-b3be-e6c402928a15" data-entity-type="file" alt="&quot;&quot;" data-caption="Source: <a href=&quot;https://www.shibariumscan.io/stats&quot;>Shibariumscan</a>">
Adding more pomp to this event, we can say that this surge allowed the network dedicated to the popular cryptocurrency to reach the maximum value of daily transactions since March this year, that is, for the past more than half a year. <img src="https://u.today/sites/default/files/inline-images/shibariummm_0.png" data-entity-uuid="aa96035d-97d8-4d73-a96d-2d4ac2c62b6d" data-entity-type="file" alt="&quot;&quot;" data-caption="Source: <a href=&quot;https://www.shibariumscan.io/stats&quot;>Shibariumscan</a>">
It is not yet known what such a breakthrough on Shibarium is connected to. The data on ecosystem applications built on the network is also unclear.
On the contrary, the total value locked in the Shibarium blockchain did not increase but decreased during the period under review.
At the same time,<a href="https://u.today/ethereum-eth-3000-comeback-is-over-dogecoin-doge-77-billion-price-peaks-will-shiba-inu-shib-40" rel="noopener noreferrer nofollow">Shibarium</a> continues to see increased activity, which is, although well below yesterday's values, above the standards for these six months. The number of daily transactions is currently over 990,000. <a href="https://u.today/shiba-inus-shibarium-suddenly-breaks-all-time-high-with-1557-spike-in-activity" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Shiba Inu's Shibarium Suddenly Breaks All-Time High With 1,557% Spike in Activity

U_Today

Other articles published on Oct 23, 2024

Ready for the ‘Trump Dump’? Expert Warns of Bitcoin Crash if Trump Wins 2024 Election

Dogecoin Millionaire Breaks 5-Year Silence, Now Bullish on Upcoming Cycle and Accumulating These ...

Crypto News Today (Oct 23rd, 2024): Fear & Greed Index Neutral | Bitcoin’s Dip—Correction or Pull...

Best Altcoins to Buy Now: LuckHunter & Others with Strong Potential

Aurum Equity Partners Launches $1 Billion Tokenized Fund

Bitcoin ETFs thrive with institutional exposure at 20%

Join our free newsletter for daily crypto updates!