Shibarium, an Ethereum-based Layer-2 network, has recently seen an unprecedented jump in total daily transactions, causing it to pass the five million transaction milestone. Three key factors that could help Shibarium to sustain this success are its burn rate, transaction processing times and the Shiba Inu team's PR stunts. For example, for transactions to have a deflationary impact, a consistent burn rate is needed, while processing times must be able to handle the load of the current transaction count. Additionally, the way the Shiba Inu core team members publicize the protocol is an important factor in drawing in new users. The successful milestone has resulted in an upward price trend for the token Shiba Inu (SHIB), which has seen an increase of 1.67% as a result. Therefore, the Shibarium Renaissance could be a defining moment in cryptocurrency and have long-lasting implications, depending on how well these key factors are managed.



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