September 3, 2023 at 05:07 PM GST 1 min read News
  • Shiba Inu token witnesses an unprecedented 335% surge in large transactions exceeding $100,000.
  • The Shibarium Layer-2 solution’s relaunch fuels the exponential growth, crossing 1 million addresses.
  • Collaborative efforts between Shibarium and Polygon developers navigate initial setbacks to ensure a successful relaunch.

Recent data has propelled the Shiba Inu token (SHIB) into the limelight with a 335% surge in high-value transactions, eclipsing the $100,000 mark. These numbers correspond to a massive $29.24 million in SHIB transactions. 

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The surge contributes to a daily transaction volume of 5.32 trillion SHIB tokens. Behind this unparalleled growth is the rebirth of Shibarium, a Layer-2 solution masterminded by the Shiba Inu team. Over just one week, Shibarium’s user base burgeoned, crossing an incredible 1 million addresses. 

Initial teething problems during the relaunch were swiftly addressed through a collaborative endeavor between Shibarium and Polygon developers, ensuring a triumphant comeback. This tremendous uptick in transactions not only speaks to investor enthusiasm but paints a rosy picture for SHIB’s future, evident in the SHIB network’s meteoric rise.

The recent milestones in Shiba Inu underscore its latent potential and are a testament to its burgeoning relevance in the crypto space. With continued growth and the backing of a vibrant community, the future of SHIB looks brighter than ever.

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