Shiba Inu Blockchain Hits 300 Million Transactions
Shibarium, the Ethereum-based layer 2 blockchain of Shiba Inu, has achieved a significant milestone by surpassing 300 million transactions. Since its launch, the blockchain has gained immense traction and widespread utilization from its community members.
Key Milestone for Shibarium
The Shiba Inu blockchain has reached an important benchmark with over 300 million transactions. This achievement comes just five months after the introduction of Shibarium by the Shiba Inu team.
Data from Shibariumscan.io reveals that the total number of transactions on the platform is currently at 304,137,502. These transactions were carried out by approximately 1.3 million wallet addresses.
Shibarium’s Performance and Recent Whale Transaction
In addition to the high transaction count, Shibarium has processed over 2.7 million blocks since its launch. However, the network’s activity seems to be slowing down recently, with an average daily count of 2.69 million transactions compared to last month’s average of 7 million.
Alongside this milestone, there was a notable whale transaction involving over 400 billion Shiba Inu tokens. The funds were moved between two unknown wallet addresses, raising speculations within the community.
Celebrations in the SHIB Community
The Shiba Inu community is celebrating the achievement of surpassing 300 million transactions on Shibarium. The team has shared this accomplishment on social media platforms, attributing it to the support and dedication of their community.
According to the team’s post on X (formerly Twitter), they believe that Shibarium’s transaction volume and other statistics will continue to rise in the future.
Hot Take: SHIB Price and Market Performance
Despite the milestone, the price of Shiba Inu (SHIB) has experienced a decline of over 4.50% in the last 24 hours, currently trading at $0.00000872. The project’s market cap has also decreased by the same percentage.
However, SHIB’s trading volume has seen an increase of over 24% in the past day, indicating continued interest and activity surrounding the token.
By
By
By
By