Shiba Inu The Layer-2 network of the ecosystem, Shibarium’s trading volume has fallen significantly since the end of August. On August 30, only 16,670 transactions were recorded and thus the lowest level was recorded. The number of transactions of the network almost approached to zero, after the 1.5 billion transactions reached recently reached the expected 2 billion kilometers of stones.
Shibarium’s transaction volume fell hard
ShibariumscanAccording to the data of the total number of transactions is 1.556 billion. Only 14.92 million new transactions have been added in the last 12 days. In other words, there is a remarkable decrease in the network compared to the period in which an average of 3 to 4 million transactions per day. At the beginning of August, more than 4 million transactions per day caught a strong acceleration Shibariumhe had created great expectations in the ecosystem community. However, in recent weeks, the decrease in user interest has taken both the transaction rate and the total volume seriously.
Shibarium’s 2 billion trading targets were foreseen especially for the end of September. However, the current performance makes it difficult to reach this level. The use of users from the network and the decrease in transaction density significantly affect the short -term roadmap of the network.
Weakness in Shib Coin’s price is forcing the ecosystem
The slowdown in the Shiba Inu ecosystem is directly linked to the pressure on Shib Coin’s price. Altcoin Shib While 0.58 percent in the last 24 hours, 0.74 percent in the market could not keep up with the rise. CryptoappsyAccording to the price data provided by the Altcoin news at the time of the preparation of $ 0,00001228 was traded.
According to experts altcoin One of the main reasons for sales pressure on it is ineffective coin burning mechanisms. Coin burns that do not occur to the expected extent weaken price performance and reduce the interest of users. This is reflected negatively on both the process volume in Shibarium and the general vitality of the ecosystem.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
