Shibarium, a layer-2 blockchain in the Shiba Inu family, has seen a big increase in its network activity recently. Data from Shibariumscan shows that active accounts went up from 1,034 to 1,706 in just one day, marking a jump of around 65%. However, the number of new accounts only rose by four, meaning most of the activity spike came from existing users. During this time, daily transactions on the Shibarium network rose from 6,791 to 8,091.

Despite the surge in active accounts, transaction levels within Shibarium are still lower than before. Only 8,091 transactions were recorded in the past day, a far cry from the millions seen at the start of the year. With only 1.6% of Shibarium's total 106,612 accounts showing increased activity, the question arises: can returning users boost transaction levels back to their peak?

As Shibarium's on-chain activity garners attention, there's speculation about how this spike might affect the Shiba Inu ecosystem, especially the market dynamics of its tokens. Investors should monitor the performance of Shiba Inu (SHIB) and BONE closely to anticipate any effects from these developments.

In conclusion, Shibarium's recent surge in activity, driven by existing users, raises questions about whether transaction levels will return to their previous highs. As speculation grows about its impact on the Shiba Inu ecosystem, investors are advised to keep a close eye on market trends for SHIB and BONE tokens.