Shibarium: Unveiling the Rapid Growth
Shibarium, the layer-2 solution for Shiba Inu, has witnessed a significant surge in daily transactions, hitting nearly 35,000 on November 21, marking a 130% increase from the previous day.
Throughout November, the number of transactions on Shibarium has fluctuated between 8,000 and 18,000, with the recent spike setting a new monthly record.
Recently, Shibarium crossed 4 million total transactions, with over 1.25 million wallet addresses and nearly 1.8 million total blocks, demonstrating its remarkable progress since its launch.
Shibarium’s Latest Spike
Shibarium, the layer-2 solution for Shiba Inu, continues to make substantial strides, with a surge in daily transactions to nearly 35,000 on November 21, compared to less than 15,000 the day before, marking a 130% increase.
Since its launch, Shibarium has surpassed 4 million total transactions, with over 1.25 million wallet addresses and nearly 1.8 million total blocks, highlighting its rapid progress and achievement of key milestones.
Everything About Shibarium
Shibarium, Shiba Inu’s layer-2 blockchain solution, was introduced in August with the goal of enhancing transaction speed and reducing costs, thereby advancing Shiba Inu above its competitors. This significant advancement is considered a potential catalyst for the growth of Shiba Inu’s valuation.
Hot Take
TL;DR
- Rapid Growth of Shibarium: Shibarium, a layer-2 solution for Shiba Inu, experienced a surge in daily transactions, reaching nearly 35,000 on November 21, a 130% increase from the previous day.
- Achievement of Key Milestones: Since its launch, Shibarium has crossed over 4 million total transactions, with wallet addresses exceeding 1.25 million and nearly 1.8 million total blocks.
- Shibarium’s Purpose: Introduced in August, Shibarium is designed to improve Shiba Inu by enhancing transaction speed and reducing costs.
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