Shiba Inu Layer-2 platform Shibarium has made a comeback after a sharp drop the day before, reaching 4.8 million daily transactions in the last 24 hours.
After flatting the 4 million levels for several days, daily transactions on the Shibarium network fell to 3.4 million on August 19th.
The network has come back, with daily transactions rising 41%, reaching 3.4 million to 4.8 million from the previous day’s low. This increase contributed to the total number of transactions in shibarium, increasing to 1,549,991,843.
According to recent Shibarium scan data, the total block is now 12,656,075, with the total address being 268,129,034.
Shiba listens to the news
The Shibarium trading comeback coincides with a slight recovery in Shiba Inu prices. Shiba Inu fell along with the remaining markets at the beginning of the week, rebounding sharply after falling from a high of $0.00001339 to a low of $0.000012 on Wednesday.
At the time of press, Shib rose 1% to $0.00001239 in the last 24 hours as the market showed slight signs of a recovery early on Thursday.
Earlier in the week, Shiba Inu developers said they would provide a Leash V2 update and development work on the new contract will begin, with more technical details coming out following the internal review.
The Shiba Inu team also suggested that they are consulting with advisors on the capabilities and architecture of the underlying leash V2 in the future, accompanied by potential discussions with Zama.
