CandleFocus Shiba Inu's Shibarium Hits All-Time High in Major Metric After 851% Surge
2024-12-05
Author: Content Editor
The cryptocurrency Shiba Inu (SHIB) has experienced significant gains in both its price and its blockchain, Shibarium. SHIB's quotes have increased by 17% this month, reaching an all-time high for Shibarium. Shibarium, a layer-2 blockchain built for Shiba Inu, has reached a milestone of $10.47 million in total locked value, showing steady growth and an 851% increase since September. The on-chain performance of Shiba Inu has also improved, with a 13.27% increase in accounts and a 29.79% increase in transactions in one month. The most dominant app on Shibarium is ShibaSwap, with $4.02 million, experiencing a 94.1% growth in the past month. As the 105th largest chain, Shibarium has room for further growth, and with SHIB commanding a market cap of $18.49 billion, the SHIB ecosystem has potential for further expansion.
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