Shiba Inu SHIB/USDA widely used cryptocurrency, surged Sunday morning, causing a stir on the crypto front in an otherwise quiet weekend.

What happened: Shiba Inu, which is named after the Japanese hunting dog of the same name, ended Friday’s session at $0.00001097 and traded in the $0.00001092 to $0.00001121 range on Saturday before settling at $0.00001111.

The meme crypto opened Sunday’s session higher at $0.00001126, rallying as high as $0.00001158, up 3.21% Benzinga Pro data. Adding credibility to the bullish move, 24-hour volume surged over 60% to $347.03 million and market cap surged over 3% to $6.84 trillion.

Year-to-date, the crypto is up a whopping 44%.

SHIB’s gain is commendable considering major cryptos such as Bitcoin BTC/USD And ether ETH/USD are little changed. At the time of writing, Shiba Inu’s cousin Dogecoins DOGE/USD was trading down about 0.54%.

What’s next: Shiba Inu rides higher on the promise of Layer 2 scalability platform Shibarium, which is widely expected to enable faster and more efficient transactions. Shibarium is also expected to facilitate the creation of additional meme coins to be used for transactions within the SHIB ecosystem, further increasing the coin’s utility and therefore its adoption.

See also: Is Shiba Inu (SHIB) a Good Investment?

Photo: Shutterstock