The number of new accounts on Shibarium, a layer-2 blockchain rollup for the Shiba Inu cryptocurrency, has increased by 2,350% in one day, reaching a total of 943 active accounts. This surge in activity has also led to a 214% increase in new transactions. However, metrics related to fees and revenues have remained relatively unchanged. It appears that many of the new accounts are not actively interacting with the blockchain, which raises concerns about the purpose and value of the network. The goal of Shibarium is to make the Shiba Inu token more scarce and deflationary, so inactive users could undermine this objective.
- Content Editor ( u.today )
- 2024-10-01
Shiba Inu's Shibarium Stuns With Jaw-Dropping 2,350% Growth in New Accounts