Recent data reveals a significant surge in Shibarium network transactions, potentially influencing the future price of Shiba Inu. The article examines the main aspects of this growth and comments from project representatives.

Surge in Shibarium Transactions

According to Shibariumscan, the daily transactions in the Shibarium network dramatically increased from 28,110 to 324,590 between October 18 and 19. This peak, the highest in over a month, suggests promising prospects for Shiba Inu.

Impact on Price and Token Burn

The sharp increase in network activity may significantly boost Shiba Inu's price, as increased layer-2 transactions lead to more tokens being burned through transaction fees. Currently, there has been a notable 941% increase in the token burn rate over the past week, correlating with a 9% rise in SHIB's price since October's start.

Potential Growth Drivers

Lucie, a representative from Shiba Inu, highlights potential reasons for the rising activity, pointing to platforms such as Shibaswap, Shibahub, Shib the Metaverse, and Shib Marketplace as possible growth drivers. Particular attention is given to the rising trading volumes on the DEX Shibaswap, which substantially contributes to the increase in Shibarium network transactions.

In conclusion, the ongoing rise in transactional activity on the Shibarium network could positively influence Shiba Inu's price. The network's support through projects like Shibaswap and the consequent token burn indicators signal potential long-term sustainability and ecosystem development.