The Shibarium Updates account recently shared news about Shibarium nearing significant historical milestones in total transactions and connected wallets.
Shibarium on the Rise
According to the tweet, Shibarium activity has increased. The platform has generated 10,062,603 blocks so far, with each block forming in an average of five seconds. Total transactions have reached 970,343,924, with 183,161,552 wallets connected. A billion transactions and 200 million wallets are on the horizon. However, daily transactions have plummeted from 2.38 million to 326,530.
Shibarium L3 Plans Unveiled
The Shibarium Updates account has also shared details about the layer-3 solution being developed on the Shibarium platform. The SHIB team collaborates with partner Zama to bring Fully Homomorphic Encryption (FHE) for user data protection, promising complete privacy.
Future of Shibarium L3 with FHE Integration
According to the tweet, the layer-3 solution will deliver fast and private rollups, ensuring data protection even in use. The team claims it will give users a sense of true financial freedom in the Web3 environment. The team plans to utilize the TREAT token on the new blockchain. In early 2024, SHIB lead Shytoshi Kusama secured $12 million for L3 development.
Shibarium is swiftly moving towards new significant historical milestones, opening new horizons for users with the upcoming third layer network update.
