Shibarium's BONE gas fees soar by 540%, but transactions and TVL drop
ecosystem, has recently witnessed an eye-catching surge in transaction fees. Over the past five days, the average amount spent on Shibarium transactions has increased from 0.0026 BONE on July 5 to 0.014 BONE by July 10. This data is from BONE, another native token of Shiba Inu, plays a major role in the ecosystem's blockchain by covering transaction fees, thereby contributing to the burning of SHIB tokens.
Furthermore, the total value locked in Shibarium has also decreased. As many know, the TVL metric represents the total value of all assets locked in a blockchain's smart contracts, and it is therefore a key indicator of the overall health and adoption of the network.Thus, the current TVL for Shibarium is $1.57 million, representing a decline from the $3.79 million recorded at the end of March..
This lack of trading activity suggests waning interest from the community, which could be impacting Shibarium's transaction numbers and TVL. Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.
He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
France Dernières Nouvelles, France Actualités
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