Shibarium, the Layer 2 network of the Shiba Inu cryptocurrency (SHIB), has witnessed a significant surge in transaction activity. According to data from the Shibarium explorer, transaction counts escalated from less than 6,000 on April 10 to an impressive 288,690 at the time of writing. This increase indicates a growing adoption among SHIB users seeking to overcome challenges such as lower throughput. However, despite this recent surge, the transaction volume is still considerably lower than historical highs noted on March 16, when it exceeded 1 million transactions, as observed by AMBCrypto. Simultaneously, the broader cryptocurrency market experienced a downturn, affecting
