Shiba Inu (SHIB) Price Soars 250% in Two Weeks, Market Cap Exceeds $25 Billion

Shiba Inu (SHIB) has experienced a sharp rise in the last few hours, with the price soaring 250% to a market cap of over $25bn, thanks largely to more activity and interest in its ecosystem.Shiba Inu, the second largest Meme Coin, has become the most popular Meme Coin in the world, with its recent price increase being the largest in the world. The increase and growth of Shibarium are key factors driving the growth, giving SHIB the potential for further growth.Shiba Inu, the second largest Meme coin, has become one of the hottest cryptocurrencies due to the exponential growth of its price in recent updates. According to IntoTheBlock, the number of daily active addresses for SHIB has risen sharply since the beginning of March, far exceeding February's figures. At some point this week, the indicator reached 21,000, almost 20 times the daily average level of the previous month. The Inu burn mechanism and second-tier blockchain solution Shibarium have also seen a significant resurgence. on 2 March, the burn rate spiked to 30,000, while the token benchmark for the entire month of February stood at around 643 million. At the same time, total transaction volume on Shibarium reached the 400 million milestone. The number of wallet addresses on the network is approaching 1.4 million and the total number of blocks exceeds 3.5 million. Officially launched in August last year, Shibarium aims to boost the Shiba ecosystem by increasing speed, lowering transaction fees, and improving efficiency.SHIB's price is likely to react positively to these developments and reach new peaks in the near future.