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TL;DR<\/strong><\/p>\n One of the leading meme coins by market capitalization \u2013 Shiba Inu \u2013 erased a zero from its valuation following a rally experienced earlier this week. The coin\u2019s performance remained solid in the following days, with its price charting substantial gains today (February 28).<\/span><\/p>\n SHIB trading volume on a daily scale has also been on the rise,\u00a0<\/span>surpassing<\/span><\/a>\u00a0the $1.1 billion mark (per CoinGecko\u2019s data). Thus, it flipped Cardano (ADA), whose figure currently stands at approximately $740 million.<\/span><\/p>\n Additional cryptocurrencies that have a higher market capitalization than Shiba Inu but recorded less trading volume in the last 24 hours, include Avalanche (AVAX), TRON (TRX), Polkadot (DOT), Polygon (MATIC), Uniswap (UNI), and more.<\/p>\n There are many other metrics related to the Shiba Inu ecosystem that have exploded in the past 24 hours. As <\/span>CryptoPotato<\/span><\/em>\u00a0<\/span>reported<\/span><\/a>, the number of total blocks on the layer-2 blockchain solution Shibarium reached 1.4 million, while total transactions are just south of the 400 million milestone.\u00a0<\/span><\/p>\n SHIB\u2019s burn rate\u00a0<\/span>exploded<\/span><\/a>\u00a0by a whopping 1,900%, resulting in over 100 million tokens removed from circulation. Last but not least, Shiba Inu aggregated transaction volume (where each transaction exceeds $100,000) soared by 120%, whereas daily active addresses shot by over 160%.<\/span><\/p>\n Some cryptocurrencies associated with Shiba Inu\u2019s ecosystem, including Bone ShibaSwap (BONE) and Treat Token (TREAT), have caught the green wave in the market, witnessing considerable surges.<\/span><\/p>\n BONE has jumped by 7% on a daily scale and approximately 25% in the last month. TREAT\u2019s ascent has been much more impressive, skyrocketing<\/a> by 150% in the past 24 hours.\u00a0<\/span><\/p>\n On the other hand, Doge Killer (LEASH) \u2013 the second token in the Shiba Inu ecosystem \u2013 failed to follow the bullish trends, with its price trading at approximately the same levels observed as yesterday.<\/span><\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" TL;DR Shiba Inu\u2019s value surged, outperforming Cardano in a significant indicator signaling ecosystem growth. Associated cryptocurrencies, BONE and TREAT, saw major price increases, while LEASH did not follow this trend. Shiba Inu\u2019s Progress One of the leading meme coins by market capitalization \u2013 Shiba Inu \u2013 erased a zero from its valuation following a rally […]<\/p>\n","protected":false},"author":2,"featured_media":256280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-256279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=256279"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256279\/revisions"}],"predecessor-version":[{"id":256282,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256279\/revisions\/256282"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/256280"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=256279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=256279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=256279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
<\/a><\/span><\/h2>\n
Shiba Inu\u2019s Progress<\/h2>\n
SHIB-Related Coins Also in the Green<\/span><\/h2>\n
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