Shiba Inu's Shibarium Skyrockets 7,154% as Adoption Hits New Highs

Shiba Inu's layer 2 platform, Shibarium, has seen a 7,154% surge, gaining market attention. Shibarium daily transactions increased by 7,154% in just five days, from 63,820 on June 4 to 4.63 million on June 9.

Shibarium transactions flatlined in late May to early June, as profit-taking and macroeconomic uncertainty triggered declines on the market, causing investor optimism to wane.

The recent surge in daily transactions suggests a comeback, which is reflected in other Shibarium measures.

According to the most recent count, the Shibarium network has processed 1,221,075,772 transactions. Total blocks have surpassed 11 million, with the most recent count of 11,441,907. Total addresses now stand at 264,429,239.

Shiba Inu adoption hits new highs

The Shiba Inu ecosystem is gaining traction, with SHIB holders hitting a new all-time high.

This growth was spotlighted by Lucie, a Shiba Inu team member who noted in a recent tweet that 1,511,101 wallets now hold SHIB, accounting for 0.011% of the global population.

Shiba Inu has recently welcomed a new upgrade with the newly released SHIB DeFi toolkit, an upgrade to the engine that powers how users earn, trade and burn within the Shiba Inu ecosystem.

At press time, SHIB was up 3.22% in the last 24 hours to $0.000013, enjoying positive market momentum as Bitcoin price rose past $110,000 for the first time in two weeks.

Shiba Inu's trading volume has skyrocketed 90%, indicating increasing trading interest as fresh optimism returns to the cryptocurrency market.