#XmasCryptoMiracles

Shibarium Hits Another Milestone: Is the SHIB Price Poised for a New Rally?

Shibarium Keeps Advancing

Shiba Inu’s layer-2 blockchain solution – Shibarium – took center stage on Christmas Day, blasting through yet another major milestone. Data shows that the total transactions processed on the protocol exceeded 700 million.

This can be viewed as a serious achievement, considering the fact that Shibarium officially saw the light of day last summer. Since then, it has undergone some important developments, such as launching a new user interface (UI) update that improves compatibility with popular self-custody wallets like MetaMask, Coinbase Wallet, and Trust Wallet.

Shortly after, the team introduced an update through a hard fork to empower the community of developers and innovators and implement quicker block processing times. It also adopted a burning mechanism, which is a bit different from the original program but has the same purpose.

Shibarium’s ultimate goal is to foster the development of the Shiba Inu ecosystem by reducing transaction costs, improving speed, and enhancing scalability. As such, some market observers believe its further progress could be a vital factor fueling a rally for the meme coin’s price.