The Shiba Inu (SHIB) cryptocurrency experienced a significant spike of 1,557% on the Shibarium blockchain. This spike was seen in the number of active accounts, which grew from 1,685 to 26,237 in just one day. The increase in activity was primarily driven by existing accounts, with only a small number of new accounts joining. The surge in active accounts led to a substantial increase in daily transactions, which rose by 1,380% to reach 1.76 million. This is the highest number of daily transactions since March. The cause of this sudden burst of activity is unknown, and information regarding ecosystem applications on the network is unclear. However, the total value locked in the Shibarium blockchain decreased during this period. Despite the decrease, the network continues to see increased activity compared to the last six months, with over 990,000 daily transactions currently.



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