Shibarium, a SD -based -based layer -based solution of SHIBA Inu, has decreased activity in the past two days. Daily transactions processed on the protocol decreased from 4.77 million on February 14 to only 54640 on February 17.
Shibarium: A sharp decrease affects the price of gray hair and the burning rate
Data from Shibariumscan He explains that this sharp decrease has affected the performance of the Shiba Eno. The tremendous decrease in the user’s participation led to a collapse in the size of daily transactions.
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The significant decrease in the volume of transactions on the SHIB price, as the value of the Meme currency, which is made from 0.001695 dollars to its current price of 0.00001515. The gradual decreased more than the market participants who sought alternative platforms for layer 2.
It is worth noting that Shibarium is specially designed to encourage SHIB network growth, and any decrease in activities on the protocol affects the price of the distinctive symbol. It can also affect other ecological system standards, such as the deflation mechanism of Jiba Eno.
Data from Shippourne It indicates that the burning rate has witnessed a similar decrease. Ship burning rate has decreased by 93.64 %, with only 1,026,163 Shib burned in the past 24 hours. This also means that with the rolling supply not decreased, the SHIB price has not been able to record a significant increase in value.
To write these lines, Shayb is Change Hands are at 0.00001538 dollars, an increase of 0.92 % in the past 24 hours. Despite the market jumping at the market level, investors remain cautious, as the trading volume decreased by 18.75 % to 207.72 million dollars.
Will the graying of momentum be restored?
Experts say that Mimi’s currency has been greatly estimated based on the activities of societal feelings and ecosystems. They confirm that the current decrease in the daily transaction characters of chibarium may inhibit the enthusiasm of SHIB.
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If this happens, this may lead to a pressure of the distinctive symbol and increase the complexity of things for the mem of the title of dogs. However, some analysts believe that Shiba Inu has reached a reset point that could put a shift in price reflection.
Market participants are likely to monitor the number of shibarium transactions to see if it will restart it and set new daily transactions records. This is necessary to support the price collection.
