CandleFocus Gas Price in Shiba Inu's Shibarium Spikes 2,777%: What's Happening?
2024-10-04
Author: Content Editor
Shibarium, a layer-2 blockchain rollup for the Shiba Inu (SHIB) cryptocurrency, has experienced a significant increase in gas prices while the number of transactions has decreased. The average price of gas on Shibarium surged over 2,777% in the last 24 hours, reaching 275.5 gwei compared to 9.94 gwei the previous day. Despite the rise in gas prices, the number of transactions decreased from 7,502 to 3,802. This anomaly raises questions about the cause, especially since the average transaction fee in Shibarium's native token, BONE, has fallen alongside the transaction decline. The anomaly seems limited to gas prices and not to BONE.
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