Posted 12/3/2023, 5:56:10 PM
Shibarium Activity Skyrockets: Over 12 Million Transactions in 2 Days, SHIB Burn Rate Jumps 961%
- Shibarium layer-2 network saw over 12 million transactions in 2 days, a 44,397.9% increase since end of November
- Total transactions on Shibarium now over 21 million, with past 24 hours accounting for 35%
- Shibarium metrics show growth - 1.27 million wallets, 1.92 million blocks, $775,000 TVL
- SHIB burn rate increased by 961% over 7 days and 650% in 24 hours, over 500 million SHIB burnt
- Despite significant spike in activity and token burns, SHIB price remains relatively flat, up just 0.83% over 24 hours