Shiba Inu's layer-2 solution, Shibarium, has achieved nearly three million completed transactions and over 1.25 million wallet addresses within two months of its launch. Introduced to reduce fees and enhance transaction speed, Shibarium might positively influence SHIB's market valuation as its use increases.

The total number of transactions, including pending, dropped, replaced, and failed ones, currently stands at approximately 3.3 million. The success rate has been hovering between 0.97 and 0.99 for the past month. Launched at the end of August, Shibarium aims to help Shiba Inu claim a top position in the realm of memecoins by lowering transaction fees and improving speed. Some experts believe Shibarium's further advancement could positively affect SHIB's price.