Shiba Inu’s L2 network, Shibarium, seems to be causing quite a stir in the crypto world. Notably, recent on-chain data reveals a remarkable surge in total transactions within the network, inching closer to 400 million. This surge has piqued the interest of crypto traders and investors alike, especially with the Shiba Inu community announcing a slew of upgrades for Shibarium.

Shibarium’s Total Transactions Near 400 Million

Adding to the optimism surrounding Shibarium, DeFiLlama’s data suggested that the network has been approaching the $1 million mark in Total Value Locked (TVL) recently. These developments closely align with the Shiba Inu community’s plans to enhance the token’s ecosystem, including the upcoming launch of SHEboshi, Shiboshi utility, and KNINE.

Moreover, the development comes after CoinW announced the listing of SHEboshi, which is its first exchange listing. As of the latest update, Shibarium‘s TVL stands at $970.463, with total transactions reaching 374.03 million. Whilst, the daily transaction volume stood at $2.78 million.

Meanwhile, the hype around KNINE and SHEB is unwavering as the Shiba Inu community braces to embrace these investment options. The optimism was boosted owing to the recent CoinW listing as the community expects further crypto exchange listings for Shiba Inu’s Sheboshi.

Also Read: Shiba Inu Weekly Burn Soars 100%, SHIB To Hit $0.001?

SHEboshi’s Debut On CoinW

Amid Shibarium’s growing success, Shiba Inu’s official X account highlighted a significant milestone achieved by SHEboshi, which is a unique DN404 token that combines features from both ERC-20 and ERC-721 standards on the Ethereum network. In an announcement made on Friday, February 23, it was revealed that SHEboshi swiftly secured its inaugural listing on an exchange within less than 24 hours after its complete sale.

Notably, the Dubai-based crypto platform CoinW was the first to list the token on Friday at 13:00 (UTC), offering it under the trading pair SHEB/USDT within CoinW’s MEME & NFT arena. Although trading for SHEB commenced yesterday, deposits and withdrawals of the token were temporarily suspended until today, February 24, 2024, at 06:00 a.m. UTC.

Also Read: Mass Migration of Shiba Inu (SHIB) Holders To Mollars (MOLLARS) Token Presale

The post Shibarium Gears Up To Clock 400 Mln Transactions Amid SHEboshi’s First Listing appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am