Zinger Key Points
- Shibarium's transaction count jumps by 54%, signaling a spike in network engagement.
- SHIB token burn rate soars by over 22,000% alongside a transaction surge, yet SHIB price drops.
- Ready to turn the market’s comeback into steady cash flow? Grab the top 3 stocks to buy right here.
Shibarium, the Layer-2 blockchain of Shiba Inu SHIB/USD, has reported a significant 54% increase in transactions. This surge indicates a growing interest and engagement in the network.
What Happened: The daily transactions on Shibarium rose from 2.01 million to 3.1 million within a span of 24 hours. Simultaneously, the total addresses on Shibarium hit a new peak of 204,182,966, indicating a rise in user participation.
Shibarium’s other metrics also demonstrated growth. According to reports, the network has executed over 1.13 billion transactions in total, with the recent spike in daily transactions contributing to this increase. The total blocks on the network have exceeded 10 million, with the most recent count at 10,791,495.
Along with the surge in transactions, the SHIB token burn rate has also skyrocketed by a whopping 22,598%, with 25,770,312 SHIB tokens taken out of circulation in the past 24 hours.
Also Read: Shiba Inu’s Burn Rate Skyrockets 580% as Cryptocurrency Market Rebounds
This surge aligns with the 54% transaction increase on Shibarium, underlining the heightened activity in the Shiba Inu ecosystem.
However, despite the heightened activity, the price of Shiba Inu has not witnessed a corresponding increase. At the time of writing, SHIB was down 2.5% in the last 24 hours to $0.00001231 and down 6.8% weekly, mirroring the current profit-taking trend in the crypto market.
Why It Matters: The surge in Shibarium’s transactions and the increase in SHIB token burn rate are indicative of the growing adoption and user engagement in the Shiba Inu ecosystem.
This growth in activity, however, has not translated into a rise in SHIB’s price, reflecting the broader profit-taking trend in the cryptocurrency market.
The developments in Shibarium and the Shiba Inu ecosystem will be closely watched by investors and market participants for potential impacts on SHIB’s price and the broader crypto market.
Read Next
Shiba Inu's Burn Rate Soars, Removing 505 Million Tokens From Circulation
Image: Shutterstock
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.