According to U.Today, Shibarium is approaching a significant milestone as it nears the production of its six-millionth block. Currently, the Ethereum layer-2 network has generated 5,929,347 blocks, with only a few more needed to reach the six-million mark. This achievement comes after Shibarium's launch in August last year, which initially faced skepticism and technical challenges, including a major glitch that halted transactions. However, the network has since stabilized and now processes an average of seven million daily transactions without major outages.

The integration of ShibaSwap on Shibarium has further boosted the protocol's utility, providing users with a more streamlined way to conduct on-chain transactions. This development has sparked optimism within the community about Shibarium's future prospects, even though the exact timeline for reaching the six-million-block milestone remains uncertain.

Despite Shibarium's growth, the price of Shiba Inu (SHIB) has not mirrored this success. At the time of writing, SHIB's price has dropped by more than 2% to $0.00001726. The performance of SHIB appears to be influenced more by broader market trends than by the advancements within Shibarium. In the near term, the launch of spot Ethereum ETF products in the U.S. could potentially rejuvenate market sentiment and drive prices higher.