- Recent double-digit Bitcoin price spike positively impacts sentiment across cryptocurrencies including Shiba Inu.
- Shibarium, the layer-2 scaling solution for Shiba Inu, witnessed a notable surge, handling 7.84 million transactions.
- Shibarium demonstrates legitimate usage and stability at scale.
The recent double-digit Bitcoin price spike has lifted sentiment across cryptocurrencies, with altcoin transactions and values rising in tandem. Shibarium, the layer-2 scaling solution of meme token Shiba Inu, has tracked closely with the broader resurgence.
Data from monitoring resource Shibarium Scan reveals the protocol handled a staggering 7.84 million transactions on Tuesday, representing its highest-ever daily volume. The figure also pushes total transactions executed on Shibarium past 29.6 million since its official launch in April.
Shibarium continues to touch milestones
The ecosystem originally built to alleviate congestion on the Ethereum network continues to find legitimate usage and stability at scale. Such growing utility helps support the value of associated Shiba Inu as investors reward real-world adoption.
Accordingly, the SHIB price has responded with a 10% single-day surge amid triple-digit trading volume expansion of upwards of $526 million. Shibarium’s native BONE governance token likewise traded sharply higher with 10% gains.
The gains connect directly to bullish impressions from Shibarium’s ability to smoothly facilitate transactions now numbering in the millions daily—a four-fold increase over November levels. The organic user adoption exemplifies the desired path to crypto blockchain viability.
That sustained exponential transaction growth persists without any hiccups or shutdowns further highlights the extensive Shibarium testing and preparations by lead developer Shytoshi Kusama and his team. The production-grade infrastructure now supports more traffic than at launch while avoiding bottlenecks.
Nonetheless, Shibarium’s now-proven operational capacity marks a crucial milestone in the maturation journey beyond speculative hype cycles. Developers continue to promote the adoption of decentralized applications and ways for SHIB holders to put tokens to productive use.
