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Shibarium Transactions, Wallets Jumps in December; SHIB Burn Rate Up

Published 12/29/2023, 08:58 PM
Updated 12/29/2023, 09:15 PM
Shibarium Transactions, Wallets Jumps in December; SHIB Burn Rate Up
SHIB/USD
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  • Shibarium sees significant user activities as transactions and wallets rise.
  • The blockchain has registered over 216M transactions and has 1.3M wallets.
  • Shiba Inu’s burn rate also jumped 22% as over 13 million SHIB tokens were sent for incineration.

Shibarium, the Layer-2 blockchain of the popular meme coin Shiba Inu, continues to experience significant user activities with rising transactions and connected wallets.

According to data from Shibariumscan explorer, the Layer-2 blockchain saw a tremendous increase in its transaction volume. Presently, the daily transaction volume count stands at a whopping 7.84 million, a metric that has risen consistently since the start of the month.

Cumulatively, the total number of transactions on Shibarium stands at 216,030,830, with 1,320,188 blockchain wallets now linked to Shibarium, an increase of approximately a hundred units.

However, while the number of accounts on the blockchain grew through December, active users fell around the same period. At present, the number of active users is still down, although there was a slight rebound on December 24.

The post Shibarium Transactions, Wallets Jumps in December; SHIB Burn Rate Up appeared first on Coin Edition.

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