Shiba Inu’s Layer 2 solution, Shibarium, has just crossed a huge milestone—over 700 million transactions. This marks a pivotal moment for the network, which is quickly becoming a key player in the Shiba Inu ecosystem.

Along with this achievement, Shiba Inu has launched a major update: the Shibarium Token Asset Repository.

This new feature is set to boost the visibility of tokens within the ecosystem, giving owners across Ethereum, Sepolia, Shibarium, and Puppynet networks the chance to display their tokens more effectively.

Shibarium’s Milestone: 700 Million Transactions

Shibarium is growing rapidly. According to Shibascan, the network has now processed 730,134,884 transactions, proving its scalability.

The total number of wallet addresses now sits at 1,889,804, with daily transactions averaging 4.7 million. This milestone shows how far Shibarium has come since its launch, demonstrating its technical capabilities and strong community adoption.

Developer Kaal Dhairya celebrated the achievement: “Shibarium just fetched 500 million transactions—proof of pack is unstoppable. Here’s to more tail-wagging milestones ahead.” The Shiba Inu community is clearly excited as the network continues to expand.

The Token Asset Repository Update

Shiba Inu marketing lead Lucie took it to her X account to announce a new update on the Shibarium: The Shibarium Token Asset Repository is set to redefine the Shiba Inu ecosystem moving forward into the future.

With this update, token holders have the ability to share photos and relevant data across Ethereum, Sepolia, Shibarium, and Puppynet networks, hence simplifying the presentation of token data.

Each network now has its folder for token images, simplifying updates and enhancing visibility.

This update could have a big impact on the Shiba Inu ecosystem. Centralizing token management provides a streamlined way for tokens to gain exposure. As Shiba Inu grows, this feature positions Shibarium as a key tool for future development.

Shiba Inu Community Reaction

The Shiba Inu community has been buzzing with excitement since the update dropped. Lucie, a member of the Shiba Inu team, shared the news on X (formerly Twitter), sparking discussions and celebration.

On the market side, Shiba Inu saw a massive 50% surge in price, briefly pushing its market cap back above $13 billion. While the price has dipped slightly since then, SHIB remains up 2.7% on the week, showing resilience in a volatile market.

With the new Token Asset Repository live and Shibarium hitting 700 million transactions, Shiba Inu is clearly gaining momentum. This update adds another layer of utility to the ecosystem, which could help drive further adoption and growth. 

Possibly due to Bitcoin's price rising above $100,000 and an increase in money injection into Bitcoin, the price may correct slightly in a few days, drop to the support line, and then rise to $1.25 $ADA .

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