Shibarium’s 4400% Transaction Volume Jump May Increase SHIB Token Price and BONE Token Price
Shibarium, a layer-2 solution, has recorded a staggering increase of 4,400% in transaction volume within a day, with a total of 748,230 transactions. This dramatic rise signals the extensive utilization of Shibarium, leading investors to foresee high valuations for tokens within the Shiba Inu ecosystem. Since its inception in August, Shibarium has become the go-to platform for SHIB token whales and investors, surpassing the 4 million transaction threshold. The platform’s transaction count continues to rise, nearing the 6 million mark. This boost in Shibarium transactions is particularly promising for both SHIB token price and BONE token prices. As the network witnesses increased activity and utility, the demand for these native tokens is projected to escalate. BONE, apart from being the governance token on the ShibaSwap decentralizedWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the... More exchange (DEX), is also used to pay gas fees on the Shibarium network. As the network gains traction, the BONE token price is likely to increase as well. Despite yearly downsides, both SHIB and BONE token prices have responded positively to the recent transaction surge on Shibarium. With this transaction boom, SHIB token holders and BONE token holders are hopeful of potential new record highs. The future of the Shiba Inu ecosystem and the technology underpinning SHIB appear promising, thanks to the adoption and usage of Shibarium.
