Shiba Inu's Layer 2 network, Shibarium, is witnessing a notable surge in on-chain activity, which is positively impacting the market position of SHIB. As enthusiastically stated in the publication, this uptick is drawing attention from the Shiba Inu community, developers, and market participants alike.
Increase in Transaction Throughput on Shibarium
Recent reports indicate a significant increase in transaction throughput on the Shibarium network, alongside higher gas consumption and a rise in validator participation. This surge in activity is particularly relevant as the crypto community looks ahead to 2025, with Shibarium aiming to enhance its utility and support a more extensive decentralized application (dApp) ecosystem.
Impact on SHIB and Market Momentum
The growing engagement on Shibarium is not only bolstering SHIB's fundamentals but also contributing to an overall increase in market momentum. As the network continues to evolve, it is expected to attract more users and developers, further solidifying its position within the competitive landscape of Layer 2 solutions.
Recently, Ethereum's base layer has experienced a decline in user activity, contrasting with the surge in Shibarium's on-chain engagement. For more details, see the full article here.
