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Shibarium experienced a 100% jump in transactions, with activity surging over four days from June 10 to June 13. According to Shibariumscan, daily transactions rose from 1,300 on June 10 to 2,600 on June 13, marking a 100% increase. The latest rise doesn't come as too much of a surprise, as this follows a trend that has been seen since late May, where transactions rise, albeit the increases weren't sustained. In late May, Shibarium saw its transactions rise as much as 7,220 but saw a sharp drop thereafter. The trend repeated itself on four more occasions between late May and early June. On June 8, Shibarium transactions rose to 3,990 before sharply declining to 1,300. The exact reason for this trend of rise and drop in Shibarium remains unknown but mirrors the current uncertainty in the market where rallies are being sold into and being followed by a sharp drop.
Coinbase has launched a High Yield USDC vault within its in-app DeFi lending offering, adding a second lending option that provides exposure to a wider range of collateral assets. The product is powered by Morpho infrastructure and uses vault allocations curated by Steakhouse Financial.
