$SHIB $SOL Shiba Inu (SHIB) Blasts Through Another Milestone: Details
TL;DR
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Shibarium has seen a resurgence in activity with significant increases in processed blocks and daily transactions.
Analysts are divided on SHIB’s price outlook, with some predicting a rally and others cautioning about a possible decline.
The Latest Achievement
Shiba Inu’s layer-2 blockchain solution, Shibarium, reached another important milestone less than a year after its official launch. Data shows that the network has processed over 6 million blocks.
The protocol has witnessed a significant resurgence lately, with numerous metrics heading north. Active accounts, for example, spiked from 253 on July 27 to 417 the following day.
New daily transactions exploded by 188%, surpassing 5,300 on July 28. Still, the figure is far from Shibarium’s glory days observed at the start of the year when it was in the millions. 
Earlier this year, total transactions on the network crossed 400 million, whereas wallet addresses are currently just shy of the 2 million mark. 
Shibarium’s main purpose is to foster the development of the Shiba Inu ecosystem by enhancing scalability, reducing transaction costs#shib🌪️ #shib #shib💸 #shib💵💵 #ETH_ETFs_Trading_Today