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TL;DR Shibarium has processed over 418 million transactions and implemented key upgrades, including some hard forks to enhance network performance. The network introduced a burn portal to reduce SHIB supply, with BONE tokens playing an essential role in the process. Happy Birthday, Shibarium Shibarium is a layer-2 blockchain solution built on the Ethereum network, specifically designed to foster the development of the Shiba Inu ecosystem. Its main purposes include lowering transaction costs, improving speed, and enhancing scalability. The protocol officially saw the light of day exactly a year ago, blasting through numerous major milestones since then. It has processed more than 418 million total transactions, crossing the 400 million mark in March 2024. It is worth mentioning that the progress has stalled recently: earlier this year the number of daily transactions was in the millions, while in the past few months it exceeded 20,000 only once. The total number of blocks processed on the network is inching closer to 6.5 million, whereas wallet addresses are just south of 2 million. The team behind Shibarium took it to X to outline some other important goals the network has reached since its launch. It noted the successful execution of the three hard forks: Delhi, Indore, and Shanghai. The updates aimed at enhancing the overall user experience, improving transaction speed, and optimizing the network’s efficiency.  The team also reminded about the two tokens introduced within the ecosystem – K9 Finance DAO (KNINE) and Bad Token (BAD) – claiming another one (named HOCHI) recently went live, “offering even more flexibility than ever.” The Latest Progress Shibarium underwent three additional upgrades in the past several months. In April, the team introduced a new user interface (UI) update, describing it as “faster, smoother, and more accessible than ever.” Its primary goal was to improve compatibility with popular self-custody…

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Filed under: News - @ August 25, 2024 8:26 am