Shiba Inu’s (SHIB) Layer 2 blockchain network Shibarium has achieved a significant milestone by surpassing 100 million transactions, making a notable impact in the cryptocurrency markets. Going into full operation at the end of August last year, Shibarium recorded a rapid increase in activity with the surge in transactions on the Shiba Inu network and shows no signs of slowing down.
Attracting investors’ attention by processing an average of 20,000 transactions daily, Shibarium has demonstrated fast growth and widespread adoption by carrying out 7.5 million transactions every day, achieving this in a short period of just 3.5 months. Key figures within the Shiba Inu community emphasize that this rise is not an isolated event, but rather an indicator of Shibarium’s scalability.
While celebrating Shibarium’s significant success, the native token of Shiba Inu, SHIB, has also gained momentum. After a minor correction at the beginning of the week that temporarily brought its price below $0.00001, SHIB has rebounded and is determined to eliminate this zero. Investors are eagerly waiting to see if SHIB can cross this critical threshold and maintain its position.
The successful and seamless integration of Shibarium could highlight the dynamic ecosystem developed by Shiba Inu, especially if the SHIB price begins to rise again. The synergy of these two successes could position Shiba Inu as a project to watch in 2024.
In conclusion, Shiba Inu’s (SHIB) Layer 2 blockchain network Shibarium has reached a remarkable milestone by crossing the 100 million transactions mark. Since its full launch, Shibarium has been rapidly growing and achieving wide acceptance with an average of 20,000 transactions per day, which could increase interest in the Shiba Inu ecosystem and strengthen the project’s future potential.