Shibarium, built for the Shiba Inu blockchain, reaches 1 billion in transactions in 18 months after its launch

Source Fxstreet
  • Shibarium, a Layer-2 blockchain for the Shiba Inu ecosystem, reaches 1 billion transactions 18 months after its launch.
  • This milestone reflects growing adoption and Shibarium’s robust performance.
  • This achievement showcases SHIB’s ecosystem utility, supports its burn mechanism, and may drive long-term value.

Shibarium, a Layer-2 blockchain for the Shiba Inu ecosystem, has reached 1 billion transactions 18 months after its launch. This milestone reflects Shibarium’s growing adoption and robust performance, with 1 billion transactions and 10 million blocks without major outages. This achievement highlights SHIB’s ecosystem utility, supports its burn mechanism, and may drive long-term value through greater scarcity and demand.

SHIB’s Layer-2 blockchain reaches 1 billion transactions

On Tuesday, Shibarium announced on its official X account that it had reached 1 billion transactions after its launch in August 2023. These transactions were processed in 10 million blocks without major outages or failures, suggesting Shibarium’s technical robustness. 

This milestone also highlighted the increasing adoption and activity within the ecosystem, also showcasing community support from the “ShibArmy.”

Shibarium’s number of transaction chart. Source: ShibariumScan

Shibarium’s number of transaction chart. Source: ShibariumScan

Shibarium aims to evolve into a roll-up hub, supporting custom Layer-3 roll-ups. This development would allow developers to build more specialized applications on top of Shibarium, with the BONE (governance token of the Shiba Inu ecosystem) serving as the gas token for transactions.

Looking down on Shiba Inu, this milestone has a positive outlook. It enhances its utility within the ecosystem, supports the burn mechanism, and could drive long-term value through increased scarcity and demand. 

However, traders should not expect an immediate price impact on the SHIB token, as it is muted. Memecoins are generally driven by speculative interest. At the time of writing on Thursday, it trades around $0.000012, 50% lower than its yearly high of $0.000024 in January 2024 and 86% down from its all-time high of $0.000088 in 2023. 

Overall, the achievement is a positive signal for the ecosystem’s growth, but SHIB’s price trajectory will likely depend on broader adoption, market conditions, and continued community engagement.

SHIB/USDT weekly chart.

SHIB/USDT weekly chart.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: XAU/USD retreats further from all-time highs of $3,245 Gold price is back in the red early Monday, snapping a three-day record rally to lifetime highs of $3,245 set on Friday.    
Author  FXStreet
4 Month 14 Day Mon
Gold price is back in the red early Monday, snapping a three-day record rally to lifetime highs of $3,245 set on Friday.    
placeholder
BNB Price Reclaims $600 — Is This the Start of a Major Upside Move?BNB price is rising from the $580 support zone. The price is now consolidating gains above $600 and might aim for more gains in the near term. BNB price is attempting to recover above the $615
Author  FXStreet
4 Month 23 Day Wed
BNB price is rising from the $580 support zone. The price is now consolidating gains above $600 and might aim for more gains in the near term. BNB price is attempting to recover above the $615
placeholder
Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into ViewEthereum, the second-largest cryptocurrency, has increased by 12.3% over the past seven days. Interestingly, Ethereum has held its ground firmly, supported by a clean uptrend that began after the
Author  NewsBTC
4 Month 27 Day Sun
Ethereum, the second-largest cryptocurrency, has increased by 12.3% over the past seven days. Interestingly, Ethereum has held its ground firmly, supported by a clean uptrend that began after the
placeholder
Gold Price Forecast: XAU/USD edges lower to near $3,300 as US-China trade tensions easeThe Gold price (XAU/USD) drifts lower to around $3,310 during the early Asian session on Monday. The precious metal retreats after hitting its record high last week amid signs that global trade tensions may be easing.
Author  FXStreet
Yesterday 03: 38
The Gold price (XAU/USD) drifts lower to around $3,310 during the early Asian session on Monday. The precious metal retreats after hitting its record high last week amid signs that global trade tensions may be easing.
placeholder
Dogecoin Confirms Daily Trend Reversal With Breakout, Retest And New UptrendDogecoin’s price is entering a new bullish phase after months of decline. Technical analysis of the daily candlestick timeframe chart shows that the popular meme cryptocurrency is flashing a
Author  NewsBTC
Yesterday 03: 41
Dogecoin’s price is entering a new bullish phase after months of decline. Technical analysis of the daily candlestick timeframe chart shows that the popular meme cryptocurrency is flashing a
goTop
quote