The Shiba Inu network has seen an incredible surge in activity, with IntoTheBlock Market Intelligence reporting a 700% increase in high-value transactions. This is largely due to the launch of the Shibarium platform, a Layer-2 network backed by Shiba Inu’s native SHIB tokens. After some initial hiccups, the Shibarium Bridge became operational on August 28, and within two days the number of daily transactions doubled.The Shibarium platform is aiming to expand the utility of Shiba Inu beyond its meme-coin origins, focusing on metaverse and gaming applications, as well as DeFi solutions. The Shiba Inu team is also working on enhancements and optimizations, and is planning to launch Shib: The Metaverse by the end of 2023.The surge in activity has yet to significantly influence SHIB’s market value, with the token trading at $0.00000825, a minor uptick from $0.00000803 two days prior. Similarly, $BONE, the native token within Shibarium, remained relatively stable, moving from $1.29 to $1.27 in the same period.The Shiba Inu community and prospective investors are watching closely to see if this surge in activity will pave the way for SHIB to reach the $0.0001 mark. Investors can buy Shiba Inu (SHIB) quickly and securely with PayPal, credit card or bank transfer at eToro.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	8
People	FAC, FINRA, Shytoshi Kusama
Companies	Ethereum, Shiba Inu, Shibarium, IntoTheBlock Market Intelligence, eToro
Currencies	Shiba Inu, Ethereum, Bone ShibaSwap, Bitcoin
Securities	None