Shiba Inu’s Shibarium Surpasses 1 Billion Transactions Amid Price Struggles
Shiba Inu's layer-2 network, Shibarium, has surpassed 1 billion total transactions. This milestone reflects growing adoption within the Shiba Inu ecosystem, despite SHIB's price remaining under bearish pressure.
Key Highlights
- Shibarium launched in August 2023 to enhance transaction speed and reduce costs on Ethereum.
- Total transactions reached 1,012,261,457 across 10,284,922 blocks and 194,705,571 addresses.
- Daily transaction volumes often reach millions; 2.75 million processed in the last 24 hours.
- SHIB's price remains stagnant near $0.000012, down 9.4% over the past week.
- The correlation between Shibarium milestones and SHIB's price has diminished.
- Overall crypto market is experiencing a downturn, impacting major assets including Bitcoin.
SHIB trades at $0.00001210, with a 1.2% decrease in the last 24 hours.
