Viewpoint: Shibarium’s daily trading volume has increased significantly, and Shiba Inu’s future market performance is promising

As reported by CryptoPotato, Shiba Inu’s second-layer blockchain solution Shibarium has seen a significant increase in daily trading volume, showing a resurgence in activity. The network’s achievements and increasing token burn rate are seen as potential positive indicators of Shiba Inu’s future market performance. Data shows that daily transaction volume on the network has exceeded 75,000, a 1,000% increase from the number observed the previous day. Despite the recent rise, the numbers are still chasing the boom witnessed in early March. At that time, Shibarium’s daily trading volume reached one million levels. This two-tier expansion solution was officially launched last August and has accomplished a number of things since then. Currently, the total transaction volume on the network is over 413 million, with just under 1.4 million wallet addresses. Shibarium aims to drive the growth of Shiba Inu by lowering transaction fees, increasing speed, and increasing scalability. Another important factor that could trigger a Shiba Inu bull run could be the burn rate, with the ultimate goal of reducing the maximum supply of 999,982,362,289,250 SHIB tokens, making them more scarce and potentially more valuable over time. Recently, that number has jumped by more than 300%. The price of the self-proclaimed Dogecoin killer is in the green, rising by nearly 200% on the three-month time frame.