Shibarium (SHIB) Transaction Fees Skyrocket by 500%, Bitcoin (BTC) Concludes Correction Phase, Uniswap (UNI) Users Get Major Update from Robinhood: Latest Crypto News
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- Shibarium, Shiba Inu’s layer-2 solution, experiences a 500% spike in transaction fees due to heightened network activity and investor interest.
- Despite a significant price plunge in April, top analyst Michael van de Poppe suggests Bitcoin is nearing the end of its correction.
- Robinhood announces the availability of the Robinhood Connect feature on Uniswap wallet, enhancing accessibility for crypto investors.
From a shocking surge in Shiba Inu token transaction fees to Bitcoin’s predicted end of correction and Robinhood’s latest announcement for Uniswap users, here’s a roundup of the top crypto news.
500% Spike in Shiba Inu Token Transaction Fees Shocks Shibarium
On May 1, Shibarium, Shiba Inu’s layer-2 solution, saw a significant increase in transaction fees. Data from Shibariumscan reveals that gas commissions paid in BONE surged from 12 BONE to 61.47 BONE, marking a 500% growth. This increase can be attributed to heightened network activity and the rising popularity of Shiba Inu tokens amid market instability. The network’s active accounts also saw a 211% increase, from 1,724 to 3,650, over the same 24-hour period.
