A noteworthy achievement for the cryptocurrency domain was achieved when Shiba Inu’s Layer 2 blockchain, Shibarium, surpassed the 100 million transaction benchmark. Likewise, there has been a rise in transaction with regards to Shiba Inu blockchain since it was launched late August 2021 and has continued growing steadily.
Impressive Strides in SHIB’s Journey
Shibarium has managed an average of 20 thousand transactions per day in less than three and a half months. In doing so, it has been able to capture investor’s attention. Additionally, its transactional volumes have increased upwards to 7.5 million transactions on daily basis Important individuals within the Shiba Inu community note that such growth proves scalability and efficiency for Shibarium. This is coupled with significant success made by Shiba Inu’s native token, SHIB. After dropping less than 0.00001 this week, SHIB has bounced back and will hopefully breach this major resistance. This major benchmark is now being tracked by investors, who are observing if SHIB will maintain stability above it.
Envisioning SHIB’s Potential and Growth
The incorporation of Shibarium and the recent growth in SHIB price reflects a living economy for the Shiba Inu ecosystem. Therefore, this may determine whether or not Shiba Inu will be a big project for the future of 2024 based on its operational successes which help to spike the price of SHIB.
Briefly, Shiba Inu’s Layer 2 blockchain Shibarium has transcended over one hundred million transactions and an important landmark. During the last three and a half months after the full-scale launch started on August 29th, Shibarium has averaged around 20,000 transactions per day. This will lead to more interest as people watch how the SHIB token changes value after its use with Shibarium. This may help enhance the project in the future.”