The post Shiba Inu’s Shibarium Blasts Through Another Major Milestone: Details appeared on BitcoinEthereumNews.com.

TL;DR Shibarium has shown significant growth since its launch, processing millions of transactions and blocks while steadily increasing wallet adoption. The protocol has introduced upgrades for better performance, wallet compatibility, faster processing, and a token-burning mechanism to reduce SHIB supply and potentially increase value. Another Target Reached Shiba Inu’s layer-2 blockchain solution officially went live in August. It plays an important role in the meme coin’s ecosystem since it is designed to reduce transaction fees, improve speed, and enhance scalability. During its relatively short existence, the protocol hit countless milestones. In mid-November, the total number of transactions processed on the network surpassed 500 million.  Most recently, total blocks exceeded 8 million, signaling Shibarium’s continued resurgence. Wallet addresses are also close to reaching a psychological level, with the figure currently standing just shy of 2 million. Besides hitting the aforementioned milestones, Shibarium underwent several upgrades over the past months. In April, the team launched a new user interface (UI) update, describing it as “faster, smoother, and more accessible than ever.” Its main goal was to improve compatibility with popular self-custody wallets such as TrustWallet, MetaMask, Coinbase Wallet, and others. The developers also introduced an update via a hard fork to implement quicker block processing times and empower the community of developers and innovators. Last but not least, Shibarium adopted a burning mechanism. Similar to the original program, the effort aims to reduce the tremendous circulating supply of SHIB tokens, making them potentially more valuable through scarcity.  For more updates on the ecosystem, make sure to check out our Shibarium news. SHIB Price Outlook Shibarium’s development is considered one of the key elements that could trigger a price resurgence for Shiba Inu. In fact, the token’s price is up nearly 4% on a daily scale, currently trading at around $0.00002493. SHIB Price, Source: CoinGecko Its solid performance coincides with…

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Filed under: News - @ November 22, 2024 3:28 pm