Shibarium Transactions Skyrocket 1,013% Amid User Surge
Share
Shibarium, the layer-2 blockchain of Shiba Inu, has witnessed a remarkable 1,013% increase in daily transactions, jumping from 63,180 to over 700,000 as of June 5, 2025. This surge reflects a significant rise in user engagement, with the total number of transactions reaching 710,280. The increase is driven by major on-chain developments and a growing user base, now comprising 263,766,738 addresses.
In the last 48 hours, Shibarium recorded an additional 1.89 million transactions, bringing its total to 1,202,123,654. Despite the heightened activity, SHIB's price has decreased by 3.99% to $0.00001228, although trading volume has surged by 78.56% to $261.8 million. A recent update encourages developers and high-volume users to run their nodes, introducing rate limits on public RPC endpoints to bolster decentralization and network security.
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.