Shiba Inu’s Layer-2 blockchain, Shibarium, has registered significant growth, hitting notable on-chain milestones in less than two years. Officially launched in mid-August 2023, Shibarium enhances the Shiba Inu ecosystem through faster and cheaper transactions.
Shibarium’s Rapid Expansion and On-Chain Milestones
Recent updates highlight the L2 blockchain’s achievements, including:
- Block Processing Speed: A new block is mined every 5.01 seconds, ensuring rapid transaction confirmations.
- Total Blocks Mined: Nearly 10 million blocks, serving as the backbone for transaction storage.
- Transactions Processed: Approximately 954 million (953,679,000) transactions completed.
- Network Accounts: 241,597 registered accounts with 177.5 million unique addresses created.
Smart Contracts and Token Activity
Shibarium’s ecosystem thrives with:
- 27,214 smart contracts deployed for DeFi, NFTs, and other applications.
- Over 2.06 million BONE token transfers (used for gas fees).
- 14,704 tokens created, including memecoins and utility assets.
- 5,639 verified smart contracts, ensuring audited and trustworthy deployments.
👉 Explore Shibarium’s growth metrics
Experts project Shibarium could hit one billion transactions soon, fueled by its rapid adoption and daily contract deployments.
Shiba Inu’s Burn Rate Decline and Market Response
Recent data from Shibburn reveals a 81% drop in SHIB burn rates, with only 2.46 million SHIB burned in 24 hours. Key figures:
- Circulating Supply: 584.35 trillion SHIB.
- Total Supply: 589.25 trillion SHIB (4+ trillion staked).
Despite a 5.12% price dip to $0.00001289**, trading volume spiked **30.20%** to **$303.33 million, signaling sustained investor interest.
Shytoshi Kusama’s Absence Sparks Speculation
SHIB’s lead developer, Shytoshi Kusama, has been inactive on X since February 21, prompting community concerns. Lucie, SHIB’s marketing lead, hinted:
“Shytoshi Kusama is doing exactly what he announced he would.”
Kusama’s past silence preceded major announcements, like the $12 million raise for a Layer-3 solution. His return could positively impact SHIB’s price outlook.
FAQ Section
Q: What makes Shibarium unique?
A: Shibarium offers fast, low-cost transactions, supports diverse dApps, and has processed nearly 1 billion transactions in under two years.
Q: Why has SHIB’s burn rate declined?
A: The community may be stabilizing prices by reducing massive burns, focusing on supply equilibrium.
Q: What’s next for Shiba Inu?
A: Potential developments include Kusama’s return, Layer-3 advancements, and increased adoption of Shibarium.
👉 Stay updated on Shiba Inu’s latest trends
Disclaimer: This content is for informational purposes only. Crypto investments carry risks. Forecasts are subject to change and not guaranteed.
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