• 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

10 months 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.

Other news

OTC Derivatives Pricing Transformed Since 2008 Financial Crisis

chest

The OTC derivatives pricing landscape has shifted from single risk-free rate models to complex multicurve frameworks and regulatory considerations.

user avatarAisha Farooq

Eight Expert Strategies to Unlock Derivative Profitability

chest

Unlock unparalleled derivative profitability by mastering eight expert-level strategies.

user avatarLi Weicheng

The Importance of XVA Adjustments in Derivative Pricing

chest

The importance of XVA adjustments in derivative pricing, including CVA, MVA, KVA, and LVA, is crucial for accurate pricing and reducing transaction costs.

user avatarTenzin Dorje

XRP Price Prediction Shows Potential for Breakout

chest

Analysts predict a potential breakout for XRP prices, with key resistance levels identified between 260 and 266.

user avatarMohamed Farouk

Bonk Transitions from Meme Coin to Nasdaq Listing

chest

Bonk has evolved from a meme coin to a serious project, recently rebranding and preparing for a Nasdaq listing.

user avatarBayarjavkhlan Ganbaatar

Avalanche and Binance Coin Show Strong Market Performance

chest

Avalanche and Binance Coin are showing strong market performance with significant price movements and strategic developments.

user avatarElias Mukuru

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.