Shibarium printing reverse growth in transaction count
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As the total daily transactions started slipping, it has started falling since the start of the year. Over the trailing 30-day period, the Shibarium transaction count soared as high as 4.21 million in February, and before the current count, it fell to 800,460 as of March 10. The Shibarium transaction count drop marks another major twist for Shibarium as it looks to help cushion the growth of SHIB on the broader market.The waning Shibarium transaction count is stirred by lower usage of the protocol as many decentralized finance users are shifting their focus to newer competitors. As observed, protocols like StarkNet that offered airdrop incentives are taking center stage overall.
While Shibarium is innovating in a very unique way, the current period serves as a major test of its resilience. The outcome of this resilience will be visible in the coming months in this Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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