The Shiba Inu ecosystem has achieved a notable milestone with Shibarium, its layer-2 scalability solution, surpassing 200 million transactions. This achievement closely follows Shibarium’s processing of 100 million transactions earlier this month. As the Shiba community jubilantly acknowledges this significant accomplishment, there is a keen examination of its potential impact on the price of SHIB. The native cryptocurrency is currently trading in the red zone at $0.00001064.
Shibarium’s Progress to 200 Million Transactions
Shibarium, the layer-2 scalability solution embedded within the Shiba ecosystem, has been making headlines with its impressive transaction volumes. Recent weeks have witnessed a substantial surge in activity on the Shibarium network, as documented by Shibariumscan.io. The total transactions have now exceeded 200,235,203, indicating a remarkable surge in usage and engagement within the Shiba Inu ecosystem.
A notable aspect of Shibarium’s success lies in the simultaneous expansion of its community. The ecosystem has experienced a surge in wallet addresses, reaching a substantial count of 1,319,548. This growth signifies a broadening community around the meme coin, underlining heightened interest and participation in the Shiba Inu ecosystem.
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Steady Daily Transactions
A standout feature of Shibarium’s recent performance is its ability to sustain an average of 7 million daily transactions consistently over the past week. In the last 24 hours alone, Shibarium recorded an impressive 7.73 million daily transactions. This data underscores the active and vibrant user base that continues to contribute to the ongoing growth and utilization of the layer-2 scalability solution.
Assessing Shibarium’s Potential Influence on SHIB Price
With Shibarium achieving the significant milestone of 200 million transactions, market analysts are actively considering its potential impact on the price of SHIB. The heightened activity and increased engagement within the Shiba Inu ecosystem could potentially create a positive sentiment. This could further influence the value of SHIB in the market.
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The surpassing of 200 million transactions by Shibarium marks a considerable achievement for the Shiba Inu ecosystem. The layer-2 scalability solution has showcased its capacity to handle substantial transaction volumes, with a dynamic and expanding community contributing to its success. As the Shiba community celebrates this milestone, market analysts will closely monitor its potential impact on the price of SHIB. The heightened activity on the Shibarium network serves as a positive indicator for the broader Shiba Inu ecosystem, sparking anticipation for future developments and advancements.
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