As the Shiba Inu team and community gear up for its upcoming launches, the meme token’s demand has soared to new heights, setting an all-time high for the year in the number of addresses. Data from IntoTheBlock shared SHIB has accumulated a whopping 3.51 million addresses till now.
Notably, the surge picked up steam last month and carried on until it reached its peak in July when it experienced a startling 115% weekly increase in new SHIB addresses. With a 22% increase in the previous seven days, the number is still climbing.
As SHIB turned three on August 1st, the meme coin has continued to tap numerous milestones. For instance, a tweet by LunarCrush revealed that SHIB has outperformed 4,489 other coins across the market, taking AltRank’s first spot. Based on the relative combined social and market activity of SHIB, this feat was reached. AltRank also takes into account the coin’s success in the entire cryptocurrency market.
Shibarium, Shiba Inu’s eagerly anticipated Layer 2 protocol, is the reason behind the increased activity and influx of new SHIB holders. The protocol, slated for deployment this summer, promises to make exciting improvements and developments to the Shiba Inu environment. The buzz surrounding Shibarium keeps growing dramatically as August gets underway.
The record-breaking accomplishment Bone ShibaSwap [BONE] accomplished this week is another cause for SHIB fans to celebrate. The future gas fee token of Shibarium became the second-largest daily gainer based on the latest data from cryptocurrency aggregator CoinMarketCap.
Shiba Inu’s BONE Became Second-Largest Daily Gainer
Bone ShibaSwap saw over 6% gain in the past 24 hours, more than 30% in the weekly timeline, and over 55% in the past month. Prior to this week, it saw a massive 13% surge and hit the $0.72 level.
BONE gained popularity after the developers stated that it will be utilized as the gas charge token of the eagerly anticipated layer-2 scalability solution Shibarium, which is the native governance token of ShibaSwap, the decentralized exchange of the Shiba Ecosystem. But Kusama’s most recent blog post might have had a greater impact on the most recent price increase.