{"id":21322,"date":"2024-05-26T21:00:30","date_gmt":"2024-05-26T18:00:30","guid":{"rendered":"https:\/\/coinengineer.io\/?p=21322"},"modified":"2024-05-26T16:49:38","modified_gmt":"2024-05-26T13:49:38","slug":"shiba-inus-shibarium-sees-major-60-transaction-increase","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/shiba-inus-shibarium-sees-major-60-transaction-increase\/","title":{"rendered":"Shiba Inu&#8217;s Shibarium Sees Major 60% Transaction Increase"},"content":{"rendered":"<p>Over the past 24 hours, the <a href=\"https:\/\/coinengineer.net\/blog\/the-iconic-shiba-inu-kabosu-passes-away-at-17\/\">Shiba Inu<\/a> ecosystem has seen a large uptick in activity on its <strong>Shibarium <\/strong>network, indicated by a change in a fundamental blockchain statistic. From 5,150 to 7,930, <strong><a href=\"https:\/\/www.shibariumscan.io\/\">Shibariumscan<\/a> <\/strong>notes that transaction volume surged with a clear 60% increase.<\/p>\n<p>Concurrent with this surge in transaction volume, network fees have also sharply climbed. Over the same period, the BONE token used to pay these fees increased from 16.68 BONE to 32 BONE.<\/p>\n<p>According to <strong>Shibarium&#8217;s<\/strong> transaction paradigm, BONE are used for transaction fees; some of these tokens are turned into SHIB, which are subsequently destroyed. This burning procedure reduces the Shiba Inu token circulation, thereby maybe increasing their value over time.Source: <strong>Shibariumcheck<\/strong><\/p>\n<p>A number of factors are fueling this explosion of network activity. Shiba Inu tokens have attracted more investor attention in recent market instability, which has raised transaction demand for <strong>Shibarium<\/strong>.<\/p>\n<p>A 13.7% rise in active accounts on the network\u2014from 687 to 781\u2014showcases this higher activity. Especially, although the number of active users increased, new account creation somewhat dropped, implying that the current user base is driving this activity increase.<\/p>\n<p>Rising transaction volumes and the methodical reduction of SHIB tokens via burning seem to be the twin benefits that are driving network expansion and future value appreciation potential. This dynamic probably motivates SHIB aficioners to stay involved and keep making Shiba Inu network investments.<\/p>\n<p>&nbsp;<\/p>\n<p>Note: This article does not contain investment advice<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past 24 hours, the Shiba Inu ecosystem has seen a large uptick in activity on its Shibarium network, indicated by a change in a fundamental blockchain statistic. From 5,150 to 7,930, Shibariumscan notes that transaction volume surged with a clear 60% increase. Concurrent with this surge in transaction volume, network fees have also<\/p>\n","protected":false},"author":6,"featured_media":21323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[66,6340,2028],"class_list":["post-21322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-shiba-inu","tag-shiba-network","tag-shibarium"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shiba Inu&#039;s Shibarium Sees Major 60% Transaction Increase - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Shibarium transaction volume surges 60%, driving up BONE token fees and potentially increasing SHIB value through token burning.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/shiba-inus-shibarium-sees-major-60-transaction-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu&#039;s Shibarium Sees Major 60% Transaction Increase - 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