Network activity has started to chug along since an earlier glitch was solved last weekend.
a week after a botched launch was solved, showing signs of resilience among the platform’s loyal supporters., weeks after a much-hyped launch quickly fizzled out after being riddled with software bugs that led to millions of dollars in limbo on the network.show, with a peak activity of 132,000 transactions on August 25. As of Friday, users can use shib , bone , and other tokens on Shibarium to swap tokens, lend and borrow capital or stake tokens to earn rewards.
As such, the locked value on Shibarium is just $1.26 million, suggesting the average user is deploying little capital to the layer 2 network. This is less than 1% of the $35 billion locked across various blockchains in the crypto ecosystem,Elsewhere, an unknown SHIB whale - a colloquial term for a large holder of any asset - moved nearly $38 million worth of the tokens in an unusual move early Friday.shows the whale first moved $160,000 in SHIB, and then $37.
Tracking holder movements could be crucial for some traders as transfers to an exchange may signal selling pressure ahead, while transfers to a DeFi protocol could mean growth for that protocol’s token.
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