Shibarium, the layer-2 blockchain linked to Shiba Inu, has achieved significant success by surpassing 1.5 billion transactions. This article examines the increase in activity, operational data of the network, and the impact on the SHIB token price.
Rise in Shibarium's Transaction Activity
According to data from Shibariumscan, the total number of transactions on the Shibarium network has reached 1,502,415,908, indicating steady growth in user activity over recent months. Daily transactions have consistently exceeded three million since July.
Network Block and Address Data
Shibarium has processed 12,482,386 blocks with a stable block time of five seconds. Less than a month ago, the network surpassed 12 million blocks, highlighting sustained operational growth. Currently, the platform has recorded 267,865,467 addresses.
Impact on Shiba Inu Market
The price of the Shiba Inu token has increased by 8.88% over the past week, reaching $0.00001336. Meanwhile, trading volume stands at $214.93 million, down by 29.72% from earlier levels, but still reflects positive market sentiment amid Shibarium's achievements.
Shibarium's success in reaching 1.5 billion transactions and growth in its user environment has positively influenced the Shiba Inu market. This highlights the importance of the blockchain in the development of the cryptocurrency ecosystem.