💥Explosion at #Shibarium Boosts the Shiba Inu Ecosystem.

The Shiba Inu ecosystem is experiencing a remarkable surge thanks to its layer 2 blockchain, Shibarium. In the last 24 hours, transactions on Shibarium skyrocketed an impressive 54%, rising from 2.01 million to 3.1 million. This increase underscores a growing interest and higher participation within the network.

Alongside this spike in activity, the total number of addresses on Shibarium reached a new all-time high of 204,182,966, indicating an expansion of the user base. Additionally, the SHIB token burn rate soared dramatically by 22,598%, with over 25 million tokens $SHIB removed from circulation during the same period.

Despite this vigorous growth in network metrics and the reduction in token supply, the price of Shiba Inu has not reflected this surge in activity, showing a slight decrease. This phenomenon suggests a broader profit-taking trend in the cryptocurrency market. Nevertheless, the robust activity on Shibarium signals increasing adoption and utility within the Shiba Inu ecosystem.