Although there have been fewer active transactions on Shibarium in the last month, the platform is still steadily producing new blocks. This indicates that Shibarium is continuing to evolve, albeit more slowly than we would want.
Shibarium's Growth
The use of shibarium is growing quickly. There are around 2 million registered addresses and almost 420 million transactions overall. Daily transactions have decreased, though, which raises questions about potential future development.
Shibarium's Success Could Boost Shiba Inu's Price
Shibarium's potential to increase in popularity and growth may benefit the cost of Shiba Inus (SHIB). This is due to the possibility that more individuals would begin interacting with Shibarium through SHIB, which would raise demand for the token.
The price of SHIB has increased by 2.77% over the last day, but it is still far below its peak. Shibarium's growth may contribute to the price of SHIB regaining some of its lost value.
Shibarium needs the community's help and the developers who are creating new use cases and apps for the network in order to be successful.
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