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Shiba Inu’s Shibarium Is Booming—Here’s What’s Driving the 54% Transaction Surge

  • A month ago, Shiba Inu's Layer-2 blockchain Shibarium processed over one billion transactions and surpassed 204 million wallet addresses since its August 2021 launch.
  • This milestone followed a 54% surge in daily transactions within 24 hours, rising from 2.01 million to 3.1 million, reflecting increased user activity.
  • Despite heightened engagement and a 22,598% spike in SHIB token burn rate, SHIB’s price declined 2.5% in 24 hours, trading near $0.00001231 amid broader market profit-taking.
  • SHIB holds nearly $27 billion market capitalization, rose 16% in two weeks, yet remains down weekly, signaling mixed investor sentiment alongside strong ecosystem growth.
  • The Shibarium milestone indicates robust user engagement, and its further development will be closely watched for potential impacts on SHIB’s price and adoption.
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CryptoPotato broke the news in on Friday, May 2, 2025.
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