Shibarium, a Layer-2 blockchain for the Shiba Inu ecosystem, has achieved a significant milestone by surpassing one billion transactions.
Shibarium Achievements
Launched in August 2023, the Shibarium blockchain has hit 1.006 billion transactions, processing an average of 4.05 million transactions per day. The network has generated 10,256,214 blocks with a 5-second block time and hosts 194,223,962 addresses.
Shiba Inu Burn Rate Increase
The burn rate of Shiba Inu coins has significantly increased, showing a 10,400% rise in the last 24 hours. A total of 115.89 million SHIB were burned during this time. Major transactions included the burning of 92.64 million and 20.25 million SHIB.
Shiba Inu Price Fluctuations
Despite positive developments, Shiba Inu's price has fallen by 3.02% in the last 24 hours to $0.00001236, and by 19.5% over the week. Long-term figures show a 12.2% decline over the month and a 52.8% decrease over the year. The community continues to support the deflationary mechanism through consistent token burns.
The increased network activity on Shibarium and the rising SHIB burn rate highlight the ecosystem's potential. While the price has decreased, ongoing interest and community involvement could lead to positive changes in the future.
