<i>Approaching a significant milestone, <a href="https://www.shibariumscan.io/" target="_blank" rel="nofollow noopener">Shibarium</a>, the Layer-2 blockchain, is making strides despite a recent dip in on-chain activity. The Shiba Inu token, on the other hand, showcases a remarkable rebound in price after a brief decline.</i>

The total transaction count on Shibarium is inching towards a historic milestone of 300 million transfers, currently standing at 296.5 million. Despite a decline in daily transfers to 1.96 million from a peak of 7.52 million in December, the network remains robust. Recent integration with major exchange Gate.io led to a 210.4% surge in transactions.

The number of blockchain wallets connected to Shibarium has seen a mild increase, reaching 1,342,384. This growth aligns with the platform's strategic moves, including updates and developments announced after the integration with Gate.io.
<h2>Shiba Inu Price Resilience Amid Market Fluctuations</h2>
Despite a recent 6.5% dip, <a href="https://www.cryptoknowmics.com/news/shiba-inu-surges-as-pushd-emerges/" target="_blank" rel="noopener">Shiba Inu</a> (SHIB) has exhibited resilience, bouncing back with a 6.18% increase over the last 24 hours, reaching $0.00000946. The token's price recovery follows the broader market trend triggered by the SEC's approval of spot Bitcoin exchange-traded funds. The subsequent decline in Bitcoin's value affected the overall cryptocurrency market, including SHIB.

Overall, SHIB's recent price fluctuations underline the impact of external market dynamics on altcoins. The Shiba Inu team's focus on implementing updates suggests ongoing efforts to enhance the Shibarium ecosystem and address any temporary decline in on-chain activity.
<h2>Shiba Inu Team Addresses On-Chain Activity Decline</h2>
Lucie, the social media marketing lead of the Shiba Inu team, acknowledged the recent on-chain activity decline on Twitter/X. She attributed it to the team's dedication to implementing new updates and developments, emphasizing the ongoing commitment to the project's growth.

As Shibarium approaches its historic utility milestone, the strategic integration with Gate.io and the Shiba Inu team's proactive approach indicate a positive trajectory for the Layer-2 blockchain and its native token, SHIB. Investors remain watchful for fur

ther developments and milestones in the Shibarium ecosystem.

Shibarium Nears Historic Utility Milestone Amidst Declining On-Chain Activity

Explore Shibarium's journey to a historic milestone as the Layer-2 blockchain remains resilient. Discover Shiba Inu's price recovery amidst market fluctuations

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Shibarium Nears Historic Utility Milestone Amidst Declining On-Chain Activity

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