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- Shibarium transaction is reported to have hit a total of 250 million after its daily transaction recorded a surge.
- This comes after an exchange announced support for the Shiba Inu layer 2 network.
According to the latest report, transaction counts on Shibarium make a quick U-turn to surge following days of decline. Daily transactions on Shibarium had a steady growth in late December, hitting 7.5 million. In the first week of 2024, there was a significant surge as total transactions hit 250 million according to data. Interestingly, the past week saw the growth of total transactions occurring at a slower pace as the daily transactions had a massive drop from 7.8 million to 1.16 million on January 13.
In the past 24 hours, the network activities seem to be increasing as the daily transactions make a marginal surge to 1.97 million.
It is important to note that the Shibarium’s network metrics have been positive since its launch in August 2023 with a total transaction of 285,079,328 as of press time. The total wallet addresses are 1,333,045 while the total blocks are also “sitting” at 2,657,777.
The recent transactions surge has been linked to the report that crypto exchange Gate.io would support the Shiba Inu’s layer 2 network. This announcement was shared by a known Shiba Inu team member Lucie.
Huge shoutout to @gate_io for introducing #Shibarium support!. Now, easily purchase and send Bone to #Shibarium through Gateio. Appreciate this. Thank you
The support means that users would now be able to withdraw Shibaswap (BONE) tokens to wallets compatible with Shibarium such as the Metamask.
Other Exchanges Announce Support for Shibarium
Last month, Australian-based crypto exchange GroveX announced its interest in integrating with the network. Before that, the exchange declared its intention to have a connection with a member of the team.
We are in the process of integrating the #Shibarium chain into #GroveX. We are keen to establish a connection with a member of the Shiba team to facilitate a seamless integration and seek clarification on some aspects of the chain.
Vet Kusama, a Shiba Inu team member, responded, declaring his willingness to connect for a collaboration. The integration would enable Shib enthusiasts to trade Shiba Inu while enabling the exchange to list tokens created on the Shibarium chain.
It is important to note that Turkey-based Bitcointr is one of the first exchanges in the crypto space and the first in the country to support Shibarium. The integration enables the exchange to provide support for the varieties of tokens in the Shiba Inu ecosystem.
We are delighted to announce that we have successfully completed the integration of the shibarium chain onto our platform.
Shiba Inu currently has a bearish market sentiment, trading at $0.00001 after falling by 0.5% in the last 24 hours. In the last seven days, investors have made 3% gains on their Investment. Analysts have predicted that Shiba Inu could hit $0.000027 this year.
Bone is also trading at $0.655789 after surging by 4% in the last 24 hours. In the last seven days, the asset has surged by 6%. It, however, has a neutral market sentiment, and it is expected that the asset will hit $1.84 this year. According to analysts, the worst the asset could go this year is $1.44.
