Shiba Inu’s Shibarium Clears 5M Transactions After Massive Spike

Shibarium, the innovative layer-2 solution for Shiba Inu cryptocurrency, has achieved a landmark 5 million transactions.

Shibarium's recent performance has been nothing short of extraordinary. The network reported nearly 35,000 transactions on Tuesday, followed by over 29,000 on Wednesday. This surge marks the highest peak in transaction volume since October 25, when Shibarium processed a record 62,000 transactions.  Earlier this month, the platform experienced a notable spike in activity, but nothing comparable to the current levels.  This resurgence is a positive sign for Shibarium, especially considering its previous lows, where daily transactions had once dipped below 10,000.

Apart from the impressive transaction count, Shibarium's overall statistics paint a picture of a robust and expanding ecosystem.  The total number of transactions has soared to 5.234 million. Shibarium currently hosts over 30,369 accounts and 1.277 million addresses.  The network has processed over 301,237 BONE transfers and supports a diverse array of 8,575 tokens.  With 1.883 million blocks mined and 14,299 contracts deployed, Shibarium has established itself as a significant player in the DeFi space.

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