Shibarium Achievements: Over Three Million Transactions and 1.25 Million Wallet Addresses
Shiba Inu’s layer-2 solution, Shibarium, has achieved impressive milestones within just two months of its launch. It has recorded nearly three million completed transactions and boasts over 1.25 million wallet addresses.
Potential Impact on SHIB’s Market Valuation
Shibarium was introduced to address the issues of high fees and slow transaction speed. As its usage continues to increase, it has the potential to positively impact the market valuation of Shiba Inu (SHIB).
Transactions are Booming
Shibariumscan has reported that the total number of completed transactions on Shibarium has recently reached almost three million. The success rate has consistently remained between 0.97 and 0.99 for the past month. Additionally, the total number of transactions, including pending, dropped, replaced, and failed ones, stands at approximately 3.3 million.
The number of wallet addresses on Shibarium has also been steadily increasing and currently exceeds 1.25 million.
Shibarium’s Birth and Purpose
Shibarium was officially launched in August with the aim of positioning Shiba Inu (SHIB) as a leading memecoin. Its main objectives are to reduce transaction fees and improve transaction speed.
Industry experts have suggested that further adoption of Shibarium could positively influence SHIB’s price. For example, Twitter user “Shib Informer” believes that increased utilization of this layer-2 scaling solution will contribute to the memecoin’s future valuation.
Hot Take: Shibarium Boosts Shiba Inu’s Potential
Shibarium’s rapid growth and achievements in terms of transactions and wallet addresses demonstrate its potential to enhance Shiba Inu’s market position. By addressing the issues of high fees and slow transaction speed, Shibarium offers a scalable solution that could contribute to the increased adoption and valuation of SHIB in the future.
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