💥💥💥 #Shibarium Hits 500 Million Transactions as $SHIB Price Shows Reaction
Shibarium Reaches Milestone with Over 500 Million Transactions
- Shibarium, the Layer-2 scaling solution built on Ethereum and backed by the Shiba Inu (SHIB) ecosystem, has reached a significant milestone by processing over 500 million transactions. Data from Shibariumscan shows the platform has completed 500,623,178 transactions as of the latest count.
Shibarium's Rapid Growth and Future Ambitions
- Since its launch in August 2023, Shibarium has witnessed remarkable growth, despite some initial hurdles. This achievement has fueled discussions on X, particularly after recent updates related to Shiboshi-linked NFTs spurred greater adoption within the ecosystem.
- Per Shibariumscan, the platform has generated 7,849,660 blocks, with 1,889,496 unique wallet addresses. As Shibarium’s expansion continues, it aims to establish itself alongside other major Layer-2 networks, such as Base and Optimism.
SHIB Price Reaction and #MarketImpact
- Following this milestone, SHIB’s price currently stands at $0.00002384, experiencing a 3.39% decline over the past 24 hours. During this period, SHIB has traded within a range of $0.00002357 to $0.0000283.
Despite the dip, SHIB has shown resilience, rallying over 48% in the past week amid broader market trends driven by Bitcoin's rise. With SHIB’s value often influenced by market momentum, a quicker recovery could be possible.
Additionally, #ShytoshiKusama , SHIB’s lead developer, recently proposed his SH.I.B project to establish a Silicon Valley crypto hub. He pitched the idea to Elon Musk, hoping to attract interest from the U.S. administration and further enhance SHIB's ecosystem expansion.
