Shibarium, an Ethereum-based Shiba Inu Layer-2 scaling solution, is rapidly attracting more users and transaction volume. In early 2024, Shibarium's daily transaction volume showed significant recovery momentum, especially in late December, after falling from daily transaction volume to 4.51 million transactions, it recently rebounded to 4.78 million transactions, showing a gradual increase in the adoption of the protocol. . If this transaction volume remains stable, Shibarium is likely to surpass the historical milestone of 750 million transactions in a few days.
Historic breakthrough: Shibarium's expansion momentum
Since Shibarium was officially launched, its transaction volume has continued to set new records. In mid-December 2024, the protocol successfully broke the record of 670 million transactions. As an emerging Ethereum L2 protocol, Shibarium's development momentum is remarkable. The current total transaction volume has reached 740 million, just one step away from the 750 million mark. At the current growth rate, Shibarium is likely to achieve this goal in the next few days.
In contrast, while Base Network and Arbitrum still dominate the Ethereum L2 market, Shibarium's rapid growth is gradually making it a competitor worth watching.
The multidimensional growth of Shibarium
In addition to the trading volume, Shibarium has shown strong growth momentum in other areas. The protocol's block production has exceeded 8 million and is expected to surpass 9 million in a few weeks. This marks that the Shibarium network is gradually expanding, attracting more developers and users to join.
Additionally, the wallet addresses on the Shibarium network have reached 2,064,588, showcasing the growing user base of the L2 network.
The resonance effect of Shiba Inu (SHIB) and Shibarium
The rapid development of Shibarium has also had a direct impact on the price of Shiba Inu (SHIB) tokens. As the usage of Shibarium increases, the demand for SHIB tokens continues to rise, and in recent days, the price of SHIB has consistently increased, reaching $0.0000224, with a rise of 6.95%. This price rebound reflects the market's confidence in the development of Shibarium and indicates that the close connection between Shibarium and SHIB is bringing new growth momentum to the token.
The potential of Shibarium
Shibarium is becoming an undeniable force in the Ethereum L2 protocols. With its increasing trading volume and user count, as well as the rise in block production, Shibarium is expected to achieve more breakthroughs in 2024, further promoting the value growth of Shiba Inu (SHIB) tokens. The interest of investors and developers in Shibarium is continuously increasing, which may bring more market support for SHIB.
What do you think about the future development of Shibarium? Feel free to share your insights in the comments!
