The Latest Achievement
Shiba Inu’s layer-2 blockchain solution, Shibarium, has reached a significant milestone, with total transactions surpassing 300 million. This comes after a successful month where the network saw daily transactions ranging from 1.2 to 7.8 million. The number of wallet addresses has also surged above 1.3 million, and total blocks are nearing 2.8 million.
This achievement comes shortly after the integration of Shibarium by the Australian GroveX exchange and Gate.io enabling users to purchase and send BONE tokens to Shibarium through their platform.
SHIB in the Red
Despite the advancements of Shibarium, Shiba Inu’s native token, SHIB, has seen a decline in price. It has dropped by 4% in the last 24 hours and 6% in the past week, aligning with the general market correction affecting other cryptocurrencies like Bitcoin, Ethereum, Solana, and Cardano.
Hot Take: Is Shibarium Paving the Way for Shiba Inu’s Success?
Shibarium’s recent achievements highlight its potential to positively impact Shiba Inu’s ecosystem. With lower transaction fees and improved speed, Shibarium aims to elevate SHIB above its competitors. However, despite these advancements, SHIB’s price decline suggests that it is still influenced by broader market trends.
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