Shiba Inu takes center stage on Binance, experiencing a remarkable surge of over 10% in the last 24 hours and its trading at $0.00009398. With a 24-hour trading volume soaring by an impressive 330.38%, Shiba Inu is currently riding high with a staggering $559,400,295 in volume.
Today’s crypto rally has been ignited by Bitcoin’s resurgence, retesting its highest price level for 2023 at $41,675. As Bitcoin asserts its dominance, numerous altcoin protocols are basking in the glow of this bullish market sentiment, experiencing substantial upticks in both prices and activity.
Shibarium Emerges as a Star Performer
Amid this crypto frenzy, Shibarium emerges as a key beneficiary of the bullish wave. Data from the Shibarium Scan reveals an extraordinary surge in total transaction count, soaring above 28,000,000.
Notably, the Shiba Inu-based Ethereum Layer-2 scaling solution has achieved a daily transaction count of 7.84 million, arguably the highest recorded in a single day.
Historically, Shibarium transactions maintained a steady pace until late November. However, a parabolic shift has been witnessed, with an unprecedented surge recording over 700,000 transactions in a single day this year.
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This spectacular increase underscores the growing popularity and utility of Shibarium as it cements its position as a significant player in the crypto ecosystem.
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