Shibarium Experiences Impressive Growth in Wallet Addresses and Transactions
Shiba Inu’s Layer-2 scalability platform, Shibarium, has achieved significant milestones since its relaunch. Within a month, the total wallet addresses on Shibarium have exceeded 1 million, with an average of 36,667 new addresses added daily. The platform has also recorded a total of 2,944,672 transactions.
Moreover, Shibarium has seen a remarkable surge in newly verified contracts, with a 633% increase in just one week. This has resulted in a new all-time high of 415 verified contracts. Additionally, the total contracts on Shibarium have reached an all-time high of 9,917.
The network currently maintains an average block time of 191.385 seconds and has completed a total of 2.676 million transactions.
Shiba Inu Team Urges Users to Move Assets to Shibarium
In a recent post, Shiba Inu marketing strategist Lucie encouraged users to transfer their assets from centralized exchanges to Shibarium. Lucie clarified that the focus should be on when SHIB token holders will transition to Shibarium rather than when token burns will occur.
To emphasize the risks associated with centralized exchanges, Lucie mentioned the bankruptcy of the FTX exchange. She highlighted that Shibarium conducts token burns for every transaction and emphasized that burning SHIB tokens can only be done through the utilization of Shibarium.
Currently, the transaction fee on Shibarium is minimal but may increase with higher traffic. The price of Shiba Inu (SHIB) is currently trading at $0.000007449 and technical indicators suggest a potential 15% rally by the end of the month.
Hot Take: Shibarium Continues to Grow Rapidly
Shibarium, Shiba Inu’s Layer-2 scalability platform, has demonstrated impressive growth since its relaunch. The platform has surpassed 1 million wallet addresses and recorded millions of transactions. Additionally, Shibarium has experienced a significant increase in verified contracts, reaching new all-time highs.
The Shiba Inu team is urging users to move their assets to Shibarium, emphasizing the platform’s token burn process and the risks associated with centralized exchanges. With a minimal transaction fee and potential price rally for SHIB, Shibarium offers an attractive option for Shiba Inu holders.
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