Shiba Inu’s layer 2 solution Shibarium experienced a dramatic 507% spike in daily transactions, rising from 738 on August 8 to 4,480 on August 9, the highest level in about a month. However, this surge proved short-lived as daily transactions quickly fell back to 831 on August 10, following a pattern seen repeatedly in recent months. Despite this volatility, Shiba Inu developers continue building the network by expanding 18 technical documentation pages covering ERC-4337 gasless transactions and the ShibaSwap SDK. At the time of writing, SHIB was down 3.48% in 24 hours to $0.0000045, with the broader crypto market remaining in a tentative transitional recovery phase.
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