Shiba Inu News: Shibarium Hits Another Major Milestone
December 12 2023 - 4:00PM
NEWSBTC
Shibarium, the Ethereum-based layer 2 blockchain solution from the
Shiba Inu team, has achieved yet another major milestone,
showcasing growing strength within the platform. Shiba Inu
Shibarium’s Latest Important Milestone The Shiba Inu layer 2
platform has recently crossed a significant milestone in terms of
total transactions processed as total transactions have increased
dramatically over the past few weeks. According to Shibariumscan –
the network tracker, Shibarium has crossed over 90 million
transactions performed in the platform since its introduction. Data
from the network tracker shows that the number is currently sitting
at approximately 90,677,816 as of the time of writing. Related
Reading: Shibarium Transactions Sees 4,400% Explosion, Time For
SHIB And BONE ATH? It is noteworthy that since December 2, the
Shiba Inu blockchain has continuously maintained a whopping average
of 7.5 million daily transactions. Currently, the total number of
daily transactions revealed by the network’s tracker is totaled at
7.84 million transactions. The network’s activity appears to be
growing significantly, reaching major milestones over the past few
weeks. Earlier this month, the total number of transactions in
Shibarium was sitting at 66 million, indicating over 35% increase
since this month. Data from Shibariumscan also revealed an uptick
in the network’s total blocks and wallet addresses. Shibarium’s
total number of blocks is approximately 2,077,814, while the total
number of wallet addresses is 1,305,042. This kind of surge in
transactions means that millions of BONE tokens were spent on
transaction fees. As a result of this, it prepares the stage for
the much-anticipated Shiba Inu token burn. However, despite the
recent surge in transactions, the Shiba Inu burn rate is still down
in the past 24 hours. According to Shibburn, the SHIB token burn
rate is down by 91% over the past 24 hours. It is worth noting that
Shiba Inu recently saw its highest burn rate ever since the
initiative was introduced. Last week, the project saw an astounding
7,686,774% increase in burn rate, destroying about 8.35 billion
SHIB tokens. Shibarium Migrates To Sepolia Network Last week, Shiba
Inu announced that Shibarium will be adopting the Sepolia
network. The team pointed out that Shibarium Puppynet will be moved
from the Goerli Network to the Sepolia Network. The goal of this
adjustment is to be in line with more effective and scalable
infrastructures, according to the team. Additionally, the
transition will pave the way for more advanced solutions. Related
Reading: Shiba Inu Set To Establish A New Era For Shibarium Burns
Furthermore, the move is not merely a transition, but an upgrade
that will enable a more efficient and user-friendly environment.
This is because of the growing demands of the blockchain community,
particularly in fields such as NFTs and DeFi. Sepolia provides a
testing environment that is more stable and controlled, precisely
replicating the Ethereum mainnet’s features and functionalities.
Due to this, developers are guaranteed access to a dependable and
consistent platform for testing their dApps and smart contracts.
The team asserted that this strategic shift will become live on
December 15, 2023. Featured image from iStock, chart from
Tradingview.com
SHIBA INU (COIN:SHIBUSD)
Historical Stock Chart
From Jun 2024 to Jul 2024
SHIBA INU (COIN:SHIBUSD)
Historical Stock Chart
From Jul 2023 to Jul 2024