Shiba Inu poised for double-digit gains after Shibarium hits key milestone

Shiba Inu (SHIB) ecosystem’s Layer 2 chain hit an important milestone as it recorded the highest number of contracts deployed in three months.

Shiba Inu Layer 2 Shiba rium records a three-month high in the number of contracts deployed on its chain. Shiba rium is an Ethereum scaling solution that noted a surge in developer activity on the Shiba Inu network.

’s on-chain metrics support a bullish thesis for the meme coin. Shibarium reaches three-month high in contracts deployed on the chain Shibarium, an Ethereum scaling solution in the Shiba Inu ecosystem, reached a three-month high in the number of contracts deployed on the platform. Less than two weeks ago, Shiba Inu rolled out a developer toolkit to invite projects to build on Shibarium.

traders have consistently realized losses in the last 30 days. The Network Realized Profit/Loss metric, which measures the net profit/loss of all assets sold on a given day, shows consistent negative spikes since July 2024. The negative spikes represent losses realized by

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