Shiba Inu Shibarium daily volume surges to 4.68 million, will this push the price of SHIB to $0.00008? In the past year, the Shiba Inu ecosystem has been expanding rapidly, thanks in part to its second-layer platform Shibarium. Interestingly, recent data shows that Shibarium's activity has seen an impressive rise, with a daily volume of 4.68 million transactions in the past 24 hours. At the time of writing, the trading price of SHIB was $0.00001677, and it has returned to a negative trend in the 7-day and 30-day time ranges. However, the increase in activity has closely followed this trend, and investors are watching to see if this momentum will push the token price closer to $0.00008. According to data from Shibariumscan, in the past 24 hours, the second-layer network has processed 4.68 million transactions, which has actually brought a good month to November. Speaking of November, it's only been three days since the month started, and Shibarium has already processed over 13.4 million transactions. By carefully examining the transaction data, it can be observed that network activity is gradually increasing every day. In particular, data from Shibarium scan shows that 4.21 million transactions were processed on November 1st, 4.53 million transactions were processed on November 2nd, and 4.68 million transactions were processed on November 3rd. Interestingly, this represents an increase of approximately 103,800% compared to the 6,540 transactions registered on Sunday, October 27th. With the surge in trading activity, the Shiba Inu community's interest in SHIB and related tokens (such as BONE) is growing, thanks in part to Shibarium. The increase in trading activity also increases the amount of BONE tokens collected as transaction fees, which has a positive effect on SHIB burning. This is because the accumulated BONE fees on Shibarium can be exchanged for SHIB tokens. These SHIB tokens are then burned and permanently removed from circulation, leading to a decrease in the total supply of SHIB. Since its launch, Shibarium has undoubtedly been a strong pillar of the Shiba Inu ecosystem. Therefore, the rise of Shibarium is the first step towards SHIB price returning to its historical high of about $0.00008. The trading price of SHIB is $0.00001677, which has fallen below $0.000017 in the past 24 hours. Although reaching $0.00008 would be a steep rise, the continuous rise in Shibarium usage could lay a solid foundation for future price pump. Currently, the SHIB price needs to return to $0.00008, and the first step is for SHIB longs to create a price bottom around $0.000017 or $0.0000165, thus preventing further decline. Nevertheless, November and the upcoming U.S. election are expected to be a bullish month for SHIB and the broader cryptocurrency industry. (Data Source: Scott Matherson)

The Shibarium's major indicators have all seen triple-digit rise, what's going on? Key indicators of Shibarium suggest that the Shiba Inu ecosystem may be preparing for an upward trend. It is worth noting that the trading data of Shibarium shows a three-digit percentage increase in transactions and fees paid with BONE in the past week. This indicates that Shiba Inu may be gaining more attention from traders, which could lead to a rebound of SHIB to a critical support level this week. According to the latest data, the trading volume of the Shibarium network surged over the weekend, skyrocketing by 441% on Saturday. Over 13,190 transactions were recorded on Shibarium on Saturday, compared to less than 3,500 earlier this week. The surge in trading volume led to an increase in network fees as the increased load put a strain on the network. As a result, the average cost of paying with BONE in Shibarium trading has risen by 176%. In addition, Shibariumscan data shows that the number of new accounts opened on Sunday was 154, an increase of 1,600% from the 9 new accounts opened on Monday, June 10th. Interestingly, these numbers are small compared to the metrics recorded on Shibarium earlier this year. However, their rise occurred during a particularly pessimistic period in the Shiba Inu community. This is a positive signal for the price of SHIB, as increased trading will raise gas fees, thereby increasing the amount of SHIB tokens to be burned. The trading price of SHIB is $0.00002013, which has fallen by 2.21% in the past 24 hours. It is worth noting that SHIB has also experienced a decline in the past seven days amidst the market crash led by Bitcoin. As a result, SHIB has lost 13.11% of its market cap in the past seven days as traders continue to exit long positions. SHIB is currently trading near the psychological level of $0.000020, despite the surge in Shibarium's weekend trading volume, SHIB is still likely to further decline. According to data, the resistance at this price level is formed by about 5,270 addresses purchasing approximately 3.97 trillion SHIB tokens. If SHIB fails to hold this support level and falls below, the next key level will be $0.000190, with 4,310 addresses currently holding 6.21 trillion SHIB tokens. Shiba Inu's marketing director Lucie recently hinted that everyone who joins Shibarium in the first year will receive an airdrop, which has aroused the interest of Shib enthusiasts. However, Lucie clarified and pointed out that this is just an imaginary scenario and does not guarantee anything. "This is a hypothetical question, it doesn't have any meaning. Just curious," Lucy said on social media platform X. (Data Source: Scott Matherson)

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Coin Network reports: As the hard fork on May 2 is approaching, the development team of ShibaInu is preparing for the stabilization of network performance8.  ShibaSwap's migration to Shibarium L2 is designed to improve exchange efficiency and user experience9 through integrations that allow for seamless trading SHI Token, BONE, and more10. The dual operation with Ethereum will make the platform more accessible and increase the number of users

PANews April 26th news, according to The Shib Daily report, the Shibarium network will undergo a Hard Fork upgrade on May 2nd to achieve faster transactions and drop costs. It is worth noting that the transaction fees of Shibarium are as low as 0.0000219 BONE ($0.00001).

Coin World report: Coin World report, Shiba Inu creator Ryoshi proposed L2 solution Shibarium announced that it will undergo a Hard Fork on May 2nd, and the transaction fee of Shibarium is as low as 0.0000219 BONE ($0.00001).

Golden Finance reported that Shibarium, the L2 solution proposed by Shiba Inu creator Ryoshi, announced that it will undergo a Hard Fork on May 2nd. The transaction fee for Shibarium is as low as 0.0000219 BONE ($0.00001).

According to coin Jie.com, the Shiba Inu ecosystem has performed strongly in the first quarter of 2024, leading the market with a market capitalization pump of 190%, followed by LEASH pump 87% and BONE pump 25%. This reflects the boom in the Crypto Assets market and the strong investor interest in memecoins and ecosystems. Volume rises 416% and active traders grow 178%. In addition, Shiba Inu's collaboration with Zama strengthens its technological advantages and brings broader market development opportunities to the ecosystem.

With Shibarium trading volume approaching 300 million, the price of SHIB is about to soar? Due to the uncertainty of Shiba Inu's market price, Shibarium is about to reach a new trading milestone. The latest data from Shibariumscan shows that Shiba Inu's Layer 2 scaling platform is now approaching 300 million transactions, which is an exciting threshold for its successful and impactful deployment. Given that SHIB has struggled to achieve gains over the past month, it's natural to wonder if Shibarium's eventual achievement of this trading milestone will reverse the meme coin's fortunes, even if only temporarily. Shibarium has had a lot of success since its launch in August 2023, becoming the go-to platform for Shiba Inu Whale and investors. In the first month, Shibarium processed more than 3 million transactions, which shows its market fit. In particular, the Layer-2 solution saw a large number of transactions at the end of 2023, bringing the total number of transactions to multiple consecutive milestones. In December, Shibarium saw an average of over 7.5 million daily transactions. However, with the exception of Crypto Assets exchange Gate.io's recent integration of Shibarium, daily trading volumes declined in January. Despite the recent decline, Shibarium's total trading volume indicates a steady stream of trading activity. The current 24-hour daily transaction volume of Shibarium is 2.75 million, with a total of 299.4 million transactions, spanning 2.75 million blocks. Higher usage indicates investor interest and confidence in the ecosystem. At the same time, the fees collected from Shibarium transactions can be used to burn more SHIB, resulting in an increase in SHIB Token in circulation. SHIB is currently trading at $0.000009474, down 13% since reaching $0.0000109 on January 2. Price action shows that the Crypto Assets tested the support levels of $0.0000087 and $0.0000089 throughout the month, rebounding threefold. According to the data, 78.92 trillion SHIB Token were purchased between these price points, which currently act as support. Shibarium's natural gas Token BONE has the same view. BONE is currently trading at $0.6179, down 18% over the past month, as part of Shibarium's recent decline in daily trading volume. However, reaching new trading milestones could lead to an rise in daily trading volume, which would increase the utility of BONE and trigger price increases. (Source: Scott Matherson)

Shiba Inu's Recent Price Fluctuation: Nearly 50%? Data from the Shibarium browser shows that the daily transaction volume on the network has dropped significantly since the start of the new year. Just over 4 million transactions were processed on January 2 and 3. This decline is significant, as the average number of transactions in Shibarium exceeded 7 million for most of last December. December 29 was the last time Shibarium had more than 7 million daily transactions. Since then, the number has been on a downward trend, dropping to 6 million on December 30 and 5 million on December 31. On January 1, things looked set to turn around as the network's daily trading volume rebounded to over 6 million. But this was not the case, and it continued to fall the next day. Since Shibarium's role in SHIB growth has become apparent, the number of daily transactions on the Layer 2 network has become even more important. The Shibarium team has pledged to convert a portion of the transaction fees generated in the network into SHIB and burn these tokens. Therefore, the more transactions on the network, the more SHIB will be burned. These SHIB burns have the potential to have a positive impact on the price of SHIB, as its value may increase as more crypto tokens are withdrawn from circulation. So far, more than 410 trillion SHIB have been sent to Shiba Inu's burn Wallet, with Shibarium contributing a significant portion of this number. At the same time, recent developments suggest that the Shiba Inu team may be looking to improve the usefulness of BONE. SHIB Token has been the focus of the Shiba Inu ecosystem for some time now. However, with Shiba Inu's head of marketing, Lucie, recently turning her attention to promoting Dog Coin, it looks like BONE Token will be joining in. In the X (formerly known as Twitter) post, Lucie mentions several projects that will be launched on the Layer 2 network and points out how users will need Dog coins to access them. BONE was originally created as the native Token of ShibaSwap, and BONE has enjoyed greater utility since the launch of Shibarium. BONE happens to be the gas Token of the layer 2 network. It is worth noting that the increase in the price of BONE may also affect the burning of SHIB, as the team can acquire and burn more meme coins. (Source: Scott Matherson)

According to Lucie, a marketing expert at Shiba Inu, on the X platform, once the upcoming SHIB upgrade is completed, the Token Burn will be processed in a more efficient manner and will minimize the pressure on Bone ShibaSwap, which is used as gas on Shibarium. So far, the Shiba Inu development team has burned more than 33 billion SHIB, and these destruction efforts are done manually. Previously, Shiba Inu said that it would migrate Shibarium Testnet Puppynet from Ethereum Goerli to Sepolia, and the developers believe that the transition of Puppynet to the Sepolia network will help improve network scalability, drop transfer fees, and increase transaction speed.

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Lucie, an SHIB ecosystem official, said that now may not be the best time to raise prices across the board, including those of SHIB, BONE and LEASH. Prices can change instantaneously, so what matters is the development that takes place behind each project. Lucie went on to say that some exciting things are happening with SHIB, BONE, and LEASH. This includes not only exchange listings, but also ongoing innovations. Shiba Inu team members said that the Shiba Inu ecosystem is working on creating dApps, exploring the metaverse, and developing games.

Odaily Planet Daily News Shibarium reopened for a week, and about 600,000 wallets completed more than 700,000 transactions on its network. Among them, nearly 100,000 transactions occurred on August 31, and the number of transactions reached as high as 132,000 on August 25. As of Friday, users can use SHIB, BONE, and more on Shibarium to exchange tokens, lend and borrow tokens, or stake tokens to earn rewards. The current Shibarium TVL is US$1.26 million. On-chain data shows that a SHIB whale transferred nearly $38 million worth of SHIB in batches to a new wallet address on the Ethereum chain. (CoinDesk)

Odaily Planet Daily News CoinGecko has added a Shibarium Eco_ section to track the price, rise and fall, 24H transaction volume, market value and other data of related tokens. Currently covered tokens include Shiba Inu (SHIB), Bone ShibaSwap (BONE), Doge Killer (LEASH), etc.

According to news on August 24, Lucie Sasnikova, a member of Shiba Inu's marketing team, said on Twitter that its BONE token has successfully cross-chained, and users can check the cross-chain status.

Which Top Meme Coins Hold Value Best During Crypto Market Crash? The performance of the top meme tokens in the space largely reflects the broader market crash sparked by bitcoin’s drop to the $25,000 level. However, while all of these digital assets have suffered losses during this period, some MEME coins have performed better than others, so they have suffered fewer losses compared to their competitors. Baby Doge Coin (BABYDOGE) Leads Meme Coin Surprisingly, the memecoin performed best after the crash compared to its peers. While most of the top meme coins saw double-digit losses, Baby Doge Coin (BABYDOGE) managed to keep losses below 10% with only single-digit losses. The data shows that the price of BABYDOGE has dropped by 5.97% in the past few weeks. This is in stark contrast to other tokens with more than 10%, making BABYDOGE the meme token that held the best value during the crash. Dogelon Mars (ELON) doing well Dogelon Mars (ELON) is another memecoin that has had a tough fight with the bears in the last week. Like BABYDOGE, the token fell 10% last week, albeit by a much smaller margin. Meme token is down 7.85% on the weekly chart, showing impressive resistance. Unlike BABYDOGE, which rose 0.63% in the last day, Dogelon Mars (ELON) fell 3.35% during the period, in line with other struggling meme tokens on Wednesday. Dogecoin (DOGE) Although Dogecoin suffered heavy losses following last week’s cryptocurrency crash, the leading meme token has held its own and is now down to less than 10% of its losses. DOGE is down 9.76% on the weekly chart, ranking third among the value-healing meme tokens. Like BABYDOGE, Dogecoin is starting to see gains on the daily chart. The cryptocurrency is currently up slightly by 0.61%. Still, with a market capitalization of $8.9 billion, it remains the largest memecoin in the industry. The three meme tokens listed above are the only ones that lost less than 10%. Others such as Pepe (PEPE), Shiba Inu (SHIB), FLOKI (FLOKI) and Bone ShibaSwap (BONE) all fared worse, with losses of 15.71%, 16.23%, 19.12% and 21.18%, respectively. However, some of these coins have already started to see the light at the end of the tunnel. Among them, BONE and SHIB seem to be in a reversal trend, recording gains of 2.36% and 3.51% respectively on the 24-hour chart. (Data source: Best Owie)

Odaily Planet Daily News According to official news, Shibarium released the following latest progress: After two days of testing and tweaking parameters to reach a "ready" state, Shibarium is now enhanced and optimized. As mentioned, it is still in beta, but blocks will be produced. In addition, the team has enabled a new monitoring system and additional failsafes, including RPC-level rate limiting and automatic server resets in case there is another huge traffic surge. Shibarium is close to being ready to reopen to the public. Tomorrow, more validators will be launched to provide users with more choices, so that users can share rewards by staking BONE, and the test is coming to an end.

According to PANews news on August 22, according to official news, Shibarium, the Ethereum Layer 2 network launched by Shiba Inu, released the latest progress: "After two days of testing and adjusting parameters to achieve "ready" status, Shibarium is now enhanced and optimized. As before As stated, it is still in beta, but blocks will be produced. Additionally, a new monitoring system and additional failsafes have been enabled, including RPC-level rate limiting and automatic server resets in case there is another huge traffic surge. We’re almost ready to reopen to the public. Tomorrow more validators will go live to give users more options to share rewards by staking BONE. Beta is coming to an end and we’ll be ready for public consumption again.” According to the previous news on August 18, due to the traffic exceeding expectations after Shibarium went online, the network entered a fail-safe mode and stopped operating to ensure the safety of funds.

Odaily Planet Daily News According to Spot On Chain monitoring, Shibarium encountered problems 2 hours after it went online at 10:00 pm (UTC) on August 16. We have noticed: Whale addresses beginning with 1.0x00b sell all BONE they hold before Shibarium goes online and the price drops. Notably, this whale was very good at trading BONE and made $866,000 (+30.4%) from BONE. 2. About 964 ETH ($1.73 million) are locked on the Shibarium cross-chain bridge; 3. The Shibarium page cannot be accessed. According to previous news, Shiba Inu developers have launched the Ethereum L2 expansion solution Shibarium mainnet. Security firm Beosin_ later tweeted a reminder that transactions on Shibarium were pending. At present, $1.7 million in cross-chain ETH assets are locked on the cross-chain bridge. Users are advised to temporarily stop using Shibarium.

Odaily Planet Daily News Security company Beosin _ tweeted to remind that the transaction on Shibarium is in a pending state. At present, $1.7 million in cross-chain ETH assets are locked on the cross-chain bridge. Users are advised to temporarily stop using Shibarium. According to previous reports, Shiba Inu developers have launched the Ethereum L2 expansion solution Shibarium mainnet. Applications built on top of this network will use BONE, TREAT, SHIB and LEASH tokens. Shibarium will focus on the deployment and development of Metaverse and gaming applications.

According to PANews on August 17, according to CoinDesk, Shiba Inu developers have launched the Ethereum L2 expansion solution Shibarium mainnet. Applications built on top of this network will use BONE, TREAT, SHIB and LEASH tokens. Shibarium will focus on the deployment and development of Metaverse and gaming applications.

Odaily Planet Daily News According to Spot On Chain monitoring, addresses starting with 0x840 sold a total of 572,000 BONEs for 465 ETH (worth about US$876,000) about 16 hours and 4 hours ago, with an average price of US$1.53. It fell 4%-5%. It is worth noting that so far, this address has made a profit of $541,000 (+66.8%) from BONE, and currently still has a floating profit of $219,000 (still holds 407,000 BONEs, worth $606,000).

Jinse Finance reports that the Shiba Inu ecosystem is developing services that can be used to link real-world assets with NFTs to help prove ownership as part of its Shibarium ecosystem promotion. Shibarium focuses on Metaverse and NFT applications and will operate using SHIB, BONE and LEASE. Developers say the blockchain is expected to go live later this year.

Jinse Finance reported that according to CertiK monitoring, the Discord server of the Wicked Bone Club project was hacked, and some hackers posted phishing links. Ask users not to interact with the link.