Shiba Inu Jumps 7% As Shibarium Processes 100 Million Transactions

In a week marked by cryptocurrency market volatility, Shiba Inu (SHIB) not only withstood the fluctuations but also celebrated a significant achievement on its Shibarium layer-2 network. Currently priced at $0.00000986 after a 7% daily surge, Shiba Inu has surpassed the milestone of 100 million total transactions on the Shibarium network, highlighting the robust activity within its ecosystem.

Recent Growth in Shibarium

Recent weeks have seen a notable surge in transactions on the Shibarium network, as reported by Shibariumscan.io. The total transactions have now exceeded 103,1265, signaling increased usage and engagement within the ecosystem. Furthermore, wallet addresses have grown substantially, reaching 1,307,737, indicating a widening community surrounding the meme coin.

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Key Metrics and Daily Transactions

Shibarium’s performance goes beyond the total transaction count, with over two million total blocks processed, reaching a cumulative total of 2,105,442. Significantly, the network has maintained an average of 7.5 million daily transactions consistently over the past week. In the last 24 hours alone, Shibarium recorded 7.36 million daily transactions, highlighting its active and vibrant user base.

Anticipation Grows with Shytoshi Kusama’s Announcement

Adding to the excitement within the Shiba Inu community, lead developer Shytoshi Kusama recently teased an upcoming substantial token burn. This strategic move aims to leverage an impressive $1.2 million in Shibarium gas fees. The revelation unfolded during a spirited exchange, capturing the attention of enthusiasts and fueling discussions about potential implications for the SHIB token and its dedicated community.

As Shiba Inu navigates the dynamic cryptocurrency landscape, the achievements of Shibarium, along with the anticipation surrounding the hinted token burn, position the meme coin for further advancements. The community eagerly anticipates more details on the upcoming token burn and its potential impact on Shiba Inu’s ecosystem and market dynamics.

Also Read: Shiba Inu: 3 Massive Burns Coming This Week, Will Price Rally?