Shibarium has recently observed a historic surge in gas fees, coinciding with a notable increase in active users. This rise sets the stage for the forthcoming L2 scalability solution upgrade, with the much-anticipated hard fork already causing significant shifts in the network.

Shiba Inu's L2 scalability solution has experienced a 500% surge in transaction fees, with gas fees soaring from 12 BONE to 61.47 BONE. This surge underscores the heightened user activity on Shibarium, highlighting the network's expanding presence and signaling a crucial phase of adaptation and growth.

Alongside the gas fee increase, Shibarium has also witnessed a surge in active users, with a 211% rise in the past week alone, climbing from 1,724 to 3,650. This surge reflects growing participation and interest in Shibarium, contributing to a 4.23% price surge for SHIB in the past 24 hours, currently trading at 0.00002288 dollars. The SHIB price forecast suggests the potential for maintaining a price of 0.0000250 dollars by year-end.

These advancements are attributed to recent announcements by the Shiba Inu team, including a $12 million funding raise from venture capitalists last month and the introduction of the Layer 3 Privacy Chain leveraging ZAMA's FHE technology for enhanced security and privacy.

Furthermore, the Shiba Inu team has released a significant update aimed at improving platform accessibility and user experience, coinciding with the imminent hard fork scheduled for this week.