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

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Cathie Wood Sees Bitcoin's Decline as a Sign of Maturation

Cathie Wood argues that Bitcoin's decline from its all-time high is a sign of market maturation rather than weakness.

Tenzin Dorje5 minutes ago

Public Companies Sell Bitcoin Holdings to Manage Liquidity

Several public companies and sovereign entities are selling their Bitcoin holdings to manage liquidity and fund strategic pivots.

Aisha Farooq5 minutes ago

Centrifuge Launches deSPXA Tokenized Asset for Non-US Users

Centrifuge has launched deSPXA, a tokenized asset for non-US users to trade and hold exposure to the Anemoy S&P 500 Index Fund on a permissionless blockchain.

Li Weicheng5 minutes ago

Trump Administration Proposes Record $15 Trillion Defense Budget

On April 3, 2023, the Trump administration proposed a historic defense budget of $15 trillion, marking a 42% increase in Pentagon spending while cutting domestic programs.

Bayarjavkhlan Ganbaatar5 minutes ago

Solana ETF Sees Positive Inflow After Days of Decline

On April 2, the Solana ETF recorded its first positive net inflow of 932,850 after experiencing a series of outflows that resulted in approximately 15 million in losses.