Shibarium Breaks Records with Over 411 Million Transactions
Shibarium, the Layer-2 blockchain developed by the team behind Shiba Inu (SHIB), has achieved a remarkable milestone by processing over 411 million transactions, showcasing its resilience in the face of market volatility. This achievement can be attributed to the recent surge in user adoption and the influx of dApp builders onto the platform. Despite a current daily transaction throughput of 1.03 million, which is lower than its peak of 4.2 million transfers per day in February, Shibarium’s stability and potential for further expansion are evident.
Strategic Partnership with K9 Finance
Shibarium has formed a strategic partnership with K9 Finance, a prominent player in the financial technology industry, to strengthen its ecosystem and foster innovation. As part of this collaboration, K9 Finance will launch its native coin, KNINE, on the Shibarium platform. Shytoshi Kusama and Kaal Dhairya, the leaders behind SHIB, have been appointed as official advisors to K9 Finance, highlighting their commitment to this partnership.
SHIB’s Performance Amid Market Turbulence
While Shibarium celebrates its record-breaking achievements, Shiba Inu (SHIB) has faced price volatility in recent days. Following Bitcoin’s correction from its all-time high of $73,750, SHIB experienced a 28% decrease in value. However, it is important to consider the broader context of SHIB’s development efforts. The cryptocurrency has received recognition by being featured on Forbes’ top 10 list of cryptocurrencies to invest in and mentioned alongside Bitcoin on the financial program “Eye on Your Money.” These accolades highlight SHIB’s potential for long-term growth.
Hot Take: Shibarium Sets New Standards in Transaction Throughput
Shibarium, the Layer-2 blockchain developed by Shiba Inu (SHIB), has achieved an incredible feat by processing over 411 million transactions. This milestone showcases the platform’s resilience and stability, even amidst market volatility. The recent surge in user adoption and the influx of dApp builders have contributed to Shibarium’s exponential growth. Additionally, Shibarium has formed a strategic partnership with K9 Finance to strengthen its ecosystem and foster innovation. Despite SHIB’s price volatility, it has received recognition and attention from reputable sources, highlighting its potential for long-term growth.
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