CandleFocus 2,024% Spike in Shiba Inu Token Transaction Fees Shocks Shibarium
2024-09-19
Author: Content Editor
The layer-2 blockchain platform Shibarium, associated with the Shiba Inu ecosystem, has experienced a significant surge in transaction fees and usage. According to Shibariumscan data, the number of BONE tokens spent on gas fees has increased by 2,024%, with the average amount of BONE spent per transaction increasing by 1,188%. The spike in fees is believed to be linked to a 70% increase in total transactions and a 157.14% growth in active accounts using the Shibarium network. While the increased interest in Shibarium is expected, concerns have been raised within the Shiba Inu community regarding the network's long-term sustainability.
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