The post Shibarium Hits 1B Transactions as Shiba Inu Burn Rate Soars 10,000% appeared on BitcoinEthereumNews.com.

The Shibarium blockchain has broken a huge milestone by clearing more than 1 billion overall transactions since going live. Per statistics from Shibariumscan, the Layer-2 network designed to enhance the Shiba Inu ecosystem has now processed 1.006 billion transactions. This is a mark achieved within less than two years since its August 2023 launch. This milestone is directly opposite to that of Bitcoin’s timeline, given that BTC also took around 15 years to execute the same number of transactions. Shibarium Transaction Number Hits 1 Billion Shibarium blockchain transaction number now stands at 1.006 billion. The network now processes around 4.05 million transactions per day. Network statistics show a number of significant facts regarding the state of the Layer-2 solution today. The blockchain generated a total of 10,256,214 blocks with a block time of 5 seconds on average. The number of addresses within the network has reached 194,223,962 as of press time. The two-year time span for reaching one billion transactions points to the capability of the network to process high volumes. To compare, Bitcoin took around 15 years to handle the same number of transactions. Source: shibariumscan SHIB Burn Rate Jumps 10,000% Shiba Inu coin is experiencing a significant increase in its burn rate, which in the last 24 hours is up by 10,400%. Shibburn reports that as many as 115.89 million SHIB coins have been burned out of circulation over the last 24 hours. The burn transactions detail indicates steady activity with a number of big burns taking place in recent days. Significant burn transactions include 92.64 million SHIB being sent to a dead wallet 11 hours ago, followed by a 20.25 million SHIB burn 24 hours ago. Other significant burns of 16.27 million and 1.22 million SHIB took place 3 and 4 days ago respectively. Source: shibburn Current…

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Filed under: News - @ April 3, 2025 1:25 am