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 falls as markets reposition on Trump’s tariffs, the highest in over 100 yearsGold price (XAU/USD) falls after initially hitting a fresh all-time high at $3,167 in the early Asian session. Traders are starting to take profit, pushing the Bullion price to $3,130 at the time of writing on Thursday.
Author  FXStreet
16 hours ago
Gold price (XAU/USD) falls after initially hitting a fresh all-time high at $3,167 in the early Asian session. Traders are starting to take profit, pushing the Bullion price to $3,130 at the time of writing on Thursday.
placeholder
SOL is the winner as Solana chain turns into battleground for meme coin launchpad and DEXSolana (SOL) gains nearly 2% in the last 24 hours and trades at 118.28 at the time of writing on Thursday. A Decentralized Exchange (DEX) and a meme coin launchpad built on the Solana blockchain have waged a war for users and compete for the trade volume on the chain. 
Author  FXStreet
16 hours ago
Solana (SOL) gains nearly 2% in the last 24 hours and trades at 118.28 at the time of writing on Thursday. A Decentralized Exchange (DEX) and a meme coin launchpad built on the Solana blockchain have waged a war for users and compete for the trade volume on the chain. 
placeholder
Crude oil price today: WTI price bearish at European openingWest Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session.
Author  FXStreet
16 hours ago
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session.
placeholder
Gold: Tariff relief for the metal industry – INGGold hit a record high following the announcement of reciprocal tariffs, ING's commodity experts Ewa Manthey and Warren Patterson note.
Author  FXStreet
16 hours ago
Gold hit a record high following the announcement of reciprocal tariffs, ING's commodity experts Ewa Manthey and Warren Patterson note.
placeholder
Silver price today: Silver falls, according to FXStreet dataSilver prices (XAG/USD) fell on Thursday, according to FXStreet data.
Author  FXStreet
16 hours ago
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
goTop
quote