Shiba Inu Unlocking Billion-Dollar Opportunities for Businesses of All Sizes and Individuals as SHIB’s Shibarium Ecosystem Explodes with 1,168,483 Transactions and 1,117,993 Wallets
Shibarium’s rapid growth marks a significant milestone with over 1.1 million transactions and wallet addresses, blowing past mainstream competitors.
With soaring staking figures, fast block times, and massive large transaction volumes, Shibarium’s promise for businesses and individual investors is colossal.
Shibarium, Shiba Inu’s Layer-2 scaling solution, has reached a jaw-dropping 1,168,483 transactions. According to the daily transactions reported in the Shibarium explorer, this monumental achievement arrived just eight days after the network’s public relaunch.
Wallet Growth That’s Off the Leash
The number of wallet addresses hosted on Shibarium has also experienced a stratospheric increase, reaching 1,117,993 wallets. To give this figure some context, Cardano, a major competitor, has only a tad over 4 million wallets after six years, and XRPL, another leading network, has 4.7 million wallets in 11 years. Shibarium, on the other hand, garnered 1.1 million wallets in just eight days.
The Network’s Robustness and Promise for the Future
Apart from transaction and wallet metrics, Shibarium is also setting new standards in block times and staking. The average block time on the network is a mere five seconds. When it comes to staking, the value of staked BONE tokens stands at $25.3 million, marking an increase of 2.8 million BONE in just four days.
Shiba Inu’s SHIB token is also making headlines in terms of large transactions. The last 24-hour data showed an eye-popping 8.97 trillion SHIB in large transaction volume, a surge of 2,182%. The large transactions, defined as those above $100,000, are generally an indicator of significant moves by institutional investors or “whales,” who are showing increased activity in the SHIB market.
Adding to the network’s robustness, a hosted version of Blockscout Explorer is now available through Shibariumscan. This ensures that the Shiba Inu protocol team can focus exclusively on updates and improvements. The Shibarium ecosystem is also hinting at upcoming collaborations, including third-party bridge integrations, amplifying the opportunities for businesses and individuals to tap into this burgeoning ecosystem.
Filed under: Bitcoin - @ September 6, 2023 8:25 am