Shibarium, Shiba Inu's layer-2 blockchain, has witnessed a meteoric rise. It is nearing one million daily transactions, and a 228.5% increase in activity sets a new transaction record.

Shibarium Nears Milestone with Unprecedented Transaction Surge

Shibarium of Shiba Inu strives for one million daily transactions for the first time in 30 days amid unusual activity rise, as per U.Today.

Shiba Inu's layer-2 blockchain, Shibarium, has skyrocketed to new heights, approaching one million transactions in a massive surge. Shibariumscan data shows a startling 228.5% spike in transaction volume within a 24-hour period, totaling 958,440 transactions.

This astonishing milestone surpasses Shibarium's prior records, with the most recent equivalent feat reported on March 16 totaling 1.04 million transactions.

Shiba Inu Burn Rate Jumps 489% During SHIB Critical Price Test

The explosion in transaction activity on Shibarium has also resulted in a significant increase in transaction fees denominated in BONE, a critical token in the Shiba Inu ecosystem. From a small collection of 10 BONE on April 10, fees have surged to an astounding 213 BONE, representing a parabolic rise of almost 2,000%.

As enthusiasm grows in the SHIB community, all eyes are on the price movements of the SHIB and BONE tokens, which are inextricably related to the Shibarium environment. However, despite the frenzy, there is a critical question about the long-term viability of this unparalleled growth rate.

Shiba Inu's Shibarium Faces Scalability Test Amid Rising Transaction Volume

The increase in transaction volume demonstrates the interest in the Shiba Inu ecosystem, with Shibarium functioning as a key center for decentralized transactions.

While the immediate future remains uncertain, the endurance and scalability of Shiba Inu's blockchain infrastructure will surely be tested in the coming days.

Photo: Microsoft Bing