Shibarium, the Layer 2 network associated with the popular Shiba Inu cryptocurrency, is experiencing a notable uptick in daily transactions, sparking optimism among investors and enthusiasts. The publication provides the following information: this surge could signal a potential recovery for the network, which has faced challenges in recent months.
Shibarium Sees Surge in Daily Transactions
On September 19, Shibarium recorded a remarkable increase in daily transactions, reaching 17,410, a significant rise from just 7,110 the day before. This spike in activity has raised hopes for a turnaround, as the network has struggled to maintain consistent transaction volumes throughout September.
Overall Performance Remains Lackluster
However, despite this recent surge, Shibarium's overall performance this month has been lackluster, with transaction numbers frequently falling below the 20,000 mark. As the network navigates these fluctuations, the upcoming weeks will be crucial in assessing whether this increase in transactions is a temporary blip or the start of a more robust recovery for Shibarium.
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