Shibarium’s Strong Adoption and Impact on Shiba Inu Price
Shiba Inu’s layer-2 blockchain solution, Shibarium, is experiencing significant growth and adoption. The network has seen a surge in daily transactions, surpassing 3 million, and total transactions have exceeded 360 million. Wallet addresses have reached over 1.3 million, and total blocks have surpassed 3 million.
Shibarium was launched in August last year to cater to the needs of the Shiba Inu ecosystem. It aims to reduce transaction fees and improve speed. Experts believe that the further development of Shibarium could have a positive impact on Shiba Inu’s price.
Although Shiba Inu has seen modest gains compared to other altcoins, it has experienced a 10% increase over the past two weeks and a 3% increase over the past month. This recent rally has resulted in 37% of holders making money at current prices.
Despite fluctuations in SHIB’s valuation, the Shiba Inu community remains loyal to the meme coin, which boasts the strongest supporter base among meme coins.
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