Shibarium, an Ethereum-based layer-2 scaling solution, has experienced a significant increase in daily transactions. The number of transactions has risen by 267%, indicating a growing adoption of the layer-2 network. The transaction count of Shibarium often corresponds with the price of Shiba Inu (SHIB), the meme coin associated with Shibarium. When transaction counts are high, the price of SHIB tends to rally, and the opposite is true as well. Currently, the SHIB price is increasing and is expected to reach new highs if the positive metrics and bullish sentiment continue. This is seen as a reversal of the historically bearish trend of sell-offs in September.



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