This Shiba Inu (SHIB) Metric Exploded 860%: Details
TL;DR
- L2 scaling solution Shibarium saw one indicator increase by over 860%; This shows that interest is increasing.
- However, in the last 14 days, daily transactions on the network have fallen by 65%, while the price of the shiba inu has also fallen by 20%.
Shiba Inu’s layer-2 scaling solution – Shibarium – continues to make noise due to its progress and increase in some of its metrics. Number of new accounts on the network recently Exploded It rose from just 16 (on June 15) to 154 the next day, an increase of over 860%.
This increase may indicate greater and higher interest in the protocol. activity levels. This development reflects a growing community that can contribute to a more robust ecosystem.
However, not all Shibarium indicators have trended north recently. The number of daily transactions decreased by 65% to 4,860. This figure has been hovering between 3,000 and 20,000 recently. on foot It is a long way from peak levels in mid-April. At that time, daily transactions on the network were in the millions.
Meanwhile, SHIB (the second largest meme coin in terms of market cap) has undergone a significant price correction late hoursThis coincides with the overall market decline. The asset is down 20% on a 14-day scale and is currently trading at around $0.00002 (according to CoinGecko data).
Shibarium’s Progress in Less than a Year
The L2 blockchain solution officially saw the light of day in August 2023 and attracted the attention of industry participants after numerous explosions. important milestones.
His last significant success occurred at the end of last May. number Total blocks processed in Shibarium exceeded five million marks. Before i.e. total transactions exceeded 400 million, wallet addresses exceeded 1.8 million.
The network performed some operations mother Upgrades made in recent months. First the team behind started A new user interface (UI) upgrade described as “faster, smoother and more accessible than ever before.”“ aims to allow Compatibility with popular personal storage wallets such as MetaMask, Coinbase Wallet and Trust Wallet.
Shortly after, developers introduced Another advance through a hard fortress. Its goal was to improve user experience, strengthen the community, and implement faster block processing times.
network what was designed To promote the development of the Shiba Inu ecosystem and elevate SHIB above its competitor in the meme coin industry by increasing scalability, reducing transaction costs and increasing speed. If you want to learn more about Shibarium, feel free to check out our exclusive video below:
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