Shiba Inu's layer-2 scaling solution, Shibarium, is on a roll, folks! The network has been buzzing with activity, and guess what? It just hit a whopping 500 million transactions on November 12th! Our hats off to LUCIE, the mysterious marketing whiz behind Shibarium, who’s keeping the energy high and the transactions rolling.
Shibizens, pop the digital champagne! We’re halfway to a billion transactions, and there’s no stopping now. With total blocks nearing 7.8 million and almost 1.9 million wallet addresses, Shibarium is racing towards some impressive milestones.
Launched in August 2023, Shibarium is all about giving the Shiba Inu ecosystem a turbo boost—think lower transaction fees, lightning-fast speeds, and scalable solutions. Over the past few months, the team has been busy rolling out upgrades to make the system smoother and more user-friendly. In April, they introduced a sleek new user interface, making it a breeze to use with popular wallets like MetaMask and Trust Wallet. They also implemented faster block processing with a hard fork and introduced a “Burn Portal” to cut down on the massive supply of SHIB tokens, aiming to make each token more valuable.
Shibarium's progress is a key factor that could send Shiba Inu's price soaring. But hold those rockets for now—the beloved meme coin has hit a bit of turbulence. Despite leading the pack with gains last week, SHIB's price took a 17% dive in the past day, currently valued at about $0.0000243. This dip is part of a broader meme coin pullback, with other tokens like Dogecoin, dogwifhat, and Pepe also taking a hit.
So, buckle up, crypto enthusiasts! While the market is a rollercoaster right now, Shibarium's achievements show that the Shiba Inu community is here for the long haul. Keep your eyes peeled for more exciting updates and developments in the world of Shibarium!
