Shibarium, the layer-2 blockchain of the Shiba Inu (SHIB) ecosystem, stages massive comebacks in daily transactions, signaling major adoption. Shibarium Scan data reveals that daily trading witnessed a 115% surge from the same level on April 30th. In the last 24 hours, Shibarium has recorded 4.34 million transactions.
Sustainable growth and the outlook for shivalium
In addition to the incredible spikes in daily trading, total addresses have increased over 2 million. As of the weekend, Shibarium’s total address was 204.18 million. However, as press time, they grew to 206,453,021.
This development suggests increased adoption, increased participation and the expansion of the shivalium ecosystem.
Other notable developments regarding shybarium include total blocks and transactions. The total block has also recorded an increase, currently standing at 10,856,093. This is in line with U.Today’s prediction that the L2 scaling solution could hit another 500,000 blocks within 30 days.
Meanwhile, in the Shaibarium, a total of 1,148,022,652 transactions were seen. This number contributes to ecosystem growth as it indicates that more than 206 million addresses are active and not dormant.
Shiv price rebounds within the strength of the ecosystem
Proactive engagement has had a positive impact on Shiba Inu in the last 24 hours. In particular, Shib is rebounding and is currently being exchanged for $0.00001,288 in the crypto market. This is a 3.30% increase in meme coins.
Additionally, SHIB investors are returning the volume as trading volumes increased by 2.93% to $14386 million within the same time frame.
Approximately 78% of Shiba INU holders in the ecosystem could be behind Shiv’s rebound movement. As has been observed recently, many holders are long-term investors and remain loyal despite price fluctuations.
Interestingly, these holders will not throw away the tokens if Shib is at a loss or if Dip is violating some support levels.
