Shibarium Rebounds with 507% Surge in Daily Transactions

Shibarium's daily transaction count has increased by an astonishing 507% in just one day, hitting its highest number of transactions in a month. According to Shibariumscan, on August 9, the Shiba Inu Layer-2 blockchain processed 4,480 transactions.

This surge interrupts a prolonged decline in network activity that saw daily transactions fall below 1,000 for several consecutive days by August 2.

Despite this recent increase, it remains unclear whether Shibarium can maintain its momentum over the coming days. The latest figures are still significantly lower than its peak of 5,170 transactions on July 10.