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Shiba Inu’s layer-2 blockchain, Shibarium, sees a remarkable surge in new accounts activity

TL;DR

  • Shibarium’s new accounts surged by 254% in 3 days.
  • BONE could gain from Shibarium’s rise, unlike SHIB.
  • BONE takes center stage as Shibarium’s activity surges.

 

In a surprising turn of events, Layer-2 blockchain solution Shibarium has experienced an extraordinary surge, recording a jaw-dropping 254% increase in new account activity over the last three days. 

According to Shibariumscan, the number of new accounts per day skyrocketed from 24 on Feb. 1 to 61 on Feb. 3, bringing the total account count for Shiba Inu’s L2 to an impressive 63,162.

Shibarium’s remarkable growth

Shibarium, the Layer-2 blockchain solution introduced by the Shiba Inu ecosystem, has garnered significant attention due to its sudden surge in new accounts. This surge represents a remarkable 254% increase over three days, indicating a growing interest in the Shiba Inu blockchain.

Unlike other blockchain networks, where the native token often takes the spotlight, Shibarium’s primary cryptocurrency is not SHIB but BONE. BONE is the token for gas tolls and validator stakes within the Shibarium ecosystem. This unique aspect of the Shiba Inu ecosystem may significantly affect BONE’s market performance due to this surge in new accounts.

The potential impact on BONE

The surge in new accounts on Shibarium may have broader implications for the BONE cryptocurrency. While the increase in network activity doesn’t guarantee Shiba Inu’s overall success, it can bring positive momentum to BONE’s market quotations. 

Investors and enthusiasts are now closely monitoring BONE’s performance in the coming days, as the heightened interest in Shibarium could mark a pivotal moment for this lesser-known cryptocurrency.

A shift in the spotlight

As the Shiba Inu ecosystem continues to evolve, it is evident that the spotlight is shifting away from SHIB and towards BONE. Shibarium’s recent surge in activity has placed BONE in a unique position, and investors and cryptocurrency enthusiasts will closely monitor its performance in the coming days.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Benson Mawira

Benson is a blockchain reporter who has delved into industry news, on-chain analysis, non-fungible tokens (NFTs), Artificial Intelligence (AI), etc.His area of expertise is the cryptocurrency markets, fundamental and technical analysis.With his insightful coverage of everything in Financial Technologies, Benson has garnered a global readership.

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