Shibarium sees surge in daily transactions as SHIB gains 15% in a week

Shibarium’s transaction volume skyrockets by 493% in a single day, marking key milestones for the Shiba Inu ecosystem.

Shibarium, the blockchain associated with the popular meme token Shiba Inu (SHIB)—has recorded a massive uptick in transactions. Within a single day, the platform has seen its transaction count escalate by 493%, jumping from 12,690 to an overwhelming 62,570. 

Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, indicated on Tuesday in a Telegram group that the blockchain will explode with activity in the coming days as the crypto market rallies. Transactions on Shibarium have been increasing throughout October, but today marked a record surge for the network. 

This remarkable increase, the largest since its full operational status in August, has elevated the total transactions on the Shibarium blockchain to an incredible 3.653 million. This development marks a significant achievement for the broader Shiba Inu community.

Corresponding with this influx, Shiba Inu’s native token, SHIB, also experienced a notable price rally, rising over 15 percent within the week.