“Shiba (SHIB) can reach ATH level with these two metrics!”

#Shibarium has gained momentum in fundamental metrics despite growing slower than other layer-2 blockchains. According to UToday’s analysis, the Shibarium blockchain has seen a steady decline in the number of active transactions over the past month, but block production has remained stable.

The analysis, which indicated that on-chain data has turned positive, said:

“According to Shibariumscam’s data, the layer-2 protocol is approaching two million registered addresses in total. There are currently a total of 1,814,475 registered addresses, and this figure has been recorded in the 13 months since its launch.”

In addition to the increasing number of registered addresses, the total number of transactions has also increased day by day. Shibariumscam data showed that the total transactions reached 418,168,377.

According to the analysis, the movement in the blockchain could contribute to SHIB’s growth. The all-time high (#ATH ) is targeted for SHIB, which has increased by 2.77 percent in the last 24 hours.

“$SHIB price is trading 87 percent behind ATH level,” UToday said, and concluded his sentences with the comment, “Foreseen milestones may help fill this percentage drop.”

Shibarium, where adoption rates are increasing, will soon reach 420 million transactions. It is expected that more users will turn to blockchain with the end of negative trends.

The analysis, which included the view that “Positive impressions about Shibarium may be reflected in SHIB price,” said the following: “Increasing transactions may include #Shiba Inu, and more users, as marked by wallet addresses, may mean more people demanding SHIB.”