Shiba Inu (SHIB) Makes a Huge Milestone on the Chain: Details
TL;DR
- shiba inu‘s Shibarium network marks a significant milestone in transaction and user growth, highlighting its success in increasing the efficiency of the ecosystem.
- The meme coin’s price increase and trading volume dominance underscore investor interest and significant profit and loss potential from market volatility.
Developments regarding the popular meme coin Shiba Inu continue to be some of the most interesting topics for cryptocurrency participants due to the large number of SHIB holders, among other reasons.
The self-proclaimed dogecoin killer made headlines on March 7, thanks to the further development of layer 2 blockchain solution Shibarium. The data shows the total transactions on the network. exceeded 400 million milestone. LUCIE, Shibarium’s Marketing Strategist, was praised He expressed the success and congratulated the community for their contributions.
The number of wallet addresses on the network is currently over 1.3 million, while the total number of blocks earlier this week exceeded 3.5 million mark.
launched In August last year, Shibarium was designed to strengthen the Shiba Inu ecosystem by reducing transaction fees, increasing speed, and improving efficiency.
Other SHIB Developments
The second largest meme coin has made Waves recently with a massive price increase. SHIB is currently trading at $0.00003253, up 230% on a 14-day scale (according to CoinGecko data).
Shiba Inu’s trading volume in the last 24 hours reached over $5 billion, thus outperforming Dogecoin (DOGE), Cardano (ADA), ripple (XRP) and other altcoins. There was also a significant revival in the burn rate. exploding It was up 30,000% at one point last week.
SHIB’s price increase gave investors the following opportunity: significant profits. However, dealing with these types of meme coins can also lead to significant losses due to the notorious volatility of the sector. If you are about to enter the ecosystem please check what common mistakes you should avoid:
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