2,777% gas price surge hits Shiba Inu (SHIB) blockchain, but network activity dives
An unknown on-chain anomaly has hit Shibarium, a layer-2 blockchain rollup designed for the ecosystem around the popular meme-inspired , the average price of gas on Shibarium skyrocketed over 2,777% in the last 24 hours. The metric, which tracks the average price per unit of gas spent on a transaction on the Shibarium network, shows that this number has skyrocketed to 275.5 gwei, even though it was only worth 9.94 gwei the day before.
The spike in transaction numbers may be related to an increase in network activity. However, this is where the controversy arises, as, despite the nearly 30-fold increase in the cost of transactions, the amount of transactions actually decreased over the course of the day. From 7,502 daily transactions the day before, there were only 3,802 yesterday.
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.Blockchain Life 2024 in Dubai: A Legendary Gathering of Market Insiders Ahead of the Bull Run
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