Shiba Inu’s Shibarium blockchain is working to become faster and cheaper than its competitors. Recently, the daily transactions on Shibarium increased to 33,000, although this is still below the all-time high of 200,000 in September.
The network is getting closer to an important achievement as the total number of transactions is approaching 3.5 million.
Shibarium’s Revival Indications
Shiba Inu’s Memecoin Project Introduces Shibarium L2 Blockchain.
Shiba Inu, a famous memecoin, introduced Shibarium, a layer-2 blockchain solution, in August. This network aims to stand out from its competitors by speeding up transactions and reducing fees, making it a sensation in the crypto community. Shibarium achieved numerous transaction milestones.
Although Shibarium’s growth slowed in recent weeks, there are signs of an uptrend. On October 16, according to Shibariumscan, daily transactions surged by 200%, exceeding 33,000, compared to the previous day. However, it still lags behind the all-time high of over 200,000 transactions in September.
Shibarium Achievements and Price Outlook
Shibarium, Shiba Inu’s layer-2 blockchain solution, has achieved significant milestones, including over 1 million wallet addresses and total blocks. The network is close to reaching another milestone, approaching 3.5 million total transactions. These accomplishments could potentially influence a price rally for Shiba Inu (SHIB) in the coming days.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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