Shibarium, the layer-2 solution for the Shiba Inu ecosystem, has achieved a significant milestone of processing 12 million blocks, indicating a growth in network activity.
Achievement of 12 Million Blocks
Shibarium has processed 12,009,576 blocks, marking a significant milestone for the protocol. This was achieved just days after earlier projections indicated growing momentum in network activity.
Steady Growth in Transaction Volume
The network continues to show steady growth in transaction volumes. Shibarium has recorded over 1.37 billion total transactions, generated from 267,232,505 unique addresses. Daily transaction volume consistently stays above one million, with the most recent figure reaching 4.59 million in a 24-hour period.
Market Reaction to Increased Activity
The Shiba Inu token market has reacted positively to the rising usage of Shibarium. In the last 24 hours, SHIB rose by 5.5%, currently priced at 0.00001384 dollars, accompanied by a significant rise of 55.33% in trading volume, which reached 323.5 million.
Shibarium continues to gain popularity with stable growth in transaction activity. It is estimated to reach 1.4 billion transactions by the end of the third quarter of 2025, considering the current growth and user engagement.
