TL;DR
- Shibarium Achieves 3 Million Blocks: Historic advance for scalability in Shiba Inu.
- Shibarium: Efficiency in Action: 334M transactions, fast blocks and minimal fees.
- Shiba Inu Stands Out in the Market: SHIB at $0.000008903, cap. At $5.25B, it stands out among meme coins.
In the vibrant Shiba Inu cryptocurrency ecosystem, Shibarium, the layer 2 scalability solution, has reached a significant milestone by surpassing three million blocks processed.
This milestone marks a crucial step in the development of the platform, designed to improve the efficiency and scalability of transactions in the Shiba Inu ecosystem.
Shibarium has demonstrated impressive performance by processing over 334 million transactions, attracting the attention of 1.35 million wallet addresses.
3 milllllly blocks created on #Shibarium pic.twitter.com/xenMYwakZn
— The Bus (@TheBus37643251) February 4, 2024
The platform stands out for its speed, with an average block time of just 5 seconds and practically zero gas rates, which underlines its efficiency in terms of processing capacity and profitability.
Daily transaction volume has reached a notable 2.46 million, reflecting consistent activity and continued use of the platform.
Additionally, Shibarium has processed a total of approximately 332.613 million transactions, with an average block time of just over 49.581 seconds.
The platform has also seen solid development, with a total of 15,004 contracts and 63,225 active accounts demonstrating vibrant activity on Shibarium.
Shibarium infrastructure supports a wide range of applications and tokens, supporting a total of 8,979 tokens
These numbers underline the platform’s ability to adapt and support various applications and projects within the Shiba Inu ecosystem.
As for the performance of Shiba Inu (SHIB), the coin has shown resilience and growth, reaching a price of $0.000008903, with an increase of 1.77% in the last day according to data from CoinGecko.
This has helped maintain a strong market capitalization of $5.25 billion, ranking it 18th among all cryptocurrencies.
Shiba Inu, compared to other meme coins, highlights its market presence surpassing competitors such as Bonk (BONK) and Pepe (PEPE) with market capitalizations of $634 million and $381 million, respectively.
Shibarium’s three million block milestone and impressive performance indicators underline the platform’s vital role in the continued development of the Shiba Inu ecosystem.
Efficiency, scalability, and growing user base contribute to Shibarium’s positive momentum.
Likewise, Shiba Inu’s strong performance in the cryptocurrency market highlights its competitive position, especially in the meme coin sector.
