• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Shibarium and Shiba Inu: Record Transaction Numbers and SHIB's Upward Trend

user avatar

by Giorgi Kostiuk

a year ago

Shibarium, the layer-2 blockchain solution for Shiba Inu, has reached a new pinnacle by surpassing 700 million transactions on Christmas Eve.

Shibarium’s Transaction Growth

According to Shibariumscan, the total number of transactions now stands at 702,299,255 with an average daily transaction count of 4.51 million. These figures come from the 2,021,932 wallet addresses on the network. Launched in August 2023, the platform quickly gained momentum due to significant community engagement and enhancements, including integration with wallets like Coinbase Wallet, Trust Wallet, and MetaMask.

Analysts' Outlook on SHIB Momentum

The milestone in transaction numbers coincides with a price uptick for Shiba Inu. Currently, SHIB is trading at $0.00002305, up by 3.52% over 24 hours. Market volume has increased by 15.78% to $707.72 million. Analysts believe maintaining the current momentum could lead to a substantial rally for SHIB, despite the burning of over seven million SHIB to manage supply.

Shibarium not only showcases record growth in transactions but also strengthens SHIB's market position. The platform continues to draw attention with its performance and updates.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Zcash Surges to New High as Institutional Interest Grows

chest

Zcash (ZEC) has surged to a new year-to-date high of 590, driven by significant institutional investment from Multicoin Capital.

user avatarTenzin Dorje

Sabadell Joins European Banking Consortium for Stablecoin Initiative

chest

Spanish bank Sabadell has joined the Qivalis consortium aimed at launching a Europe-pegged stablecoin.

user avatarBayarjavkhlan Ganbaatar

Ripple CEO Highlights Critical Hearing for CLARITY Act's Future

chest

Ripple CEO Brad Garlinghouse emphasizes the importance of the upcoming Senate Banking Committee hearing for the CLARITY Act's progress.

user avatarMohamed Farouk

Bitcoin Holds Steady Above 80,000 as Market Recovery is Tested

chest

Bitcoin's price remains above 80,000, indicating a recovery from March lows, with differing behaviors observed among large holders.

user avatarElias Mukuru

Gerstein Harrow LLP Files Restraining Notice Over Ethereum Linked to Kelp DAO Hack

chest

Gerstein Harrow LLP has filed a restraining notice in a New York district court, claiming legal rights to approximately 30,766 Ethereum frozen after the Kelp DAO hack.

user avatarDiego Alvarez

Aave Takes Legal Action to Release Frozen Ethereum in Kelp DAO Hack Case

chest

Aave has filed an emergency motion in a New York district court to vacate a restraining notice blocking the Arbitrum DAO from accessing approximately 30,766 Ethereum frozen after the Kelp DAO hack.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.