TL;DR
Shibarium saw a 70% spike in daily transactions, signaling renewed activity.
SHIB’s price surged nearly 10%, but caution is advised due to possible overbought conditions.
Finally a Resurgence
Shiba Inu’s layer-2 scaling solution has seen low activity in the past several weeks, stalling its progress observed at the start of the year. However, some metrics have taken off in the last 24 hours.
Data shows that the network processed 7,715 new transactions on September 18, a 70% increase compared to the 4,537 on September 17.
Other Shibarium indicators that have headed north on a daily scale include the number of new verified contracts and active accounts.
The L2 blockchain solution officially went live last August. It is specifically designed to foster the development of