Shiba Inu's layer-2 scaling solution, Shibarium, experienced a dramatic 860% increase in new accounts from 16 to 154 in a day, indicating growing interest. Despite this surge, daily transactions on the network plummeted by 65% to 4,860, and SHIB's price fell by 20% in the last two weeks. This divergence reflects both the potential and challenges within the Shiba Inu ecosystem as it navigates market volatility and user engagement.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
