Shibarium, the Shiba Inu Ethereum-based Layer-2 scaling solution, is on the brink of achieving an impressive milestone in just a few days. After experiencing a dip where daily transactions dropped to 4.51 million on December 24 and 4.63 million on December 29, excitement is building as the transaction metrics have surged back to 4.78 million. If this trend continues, Shibarium could reach a significant achievement very soon.
When we look back at 2024, Shibarium has already made considerable strides in the competitive landscape of Ethereum Layer 2 protocols. It recently crossed the 670 million transaction milestone in mid-December. This remarkable achievement occurred in less than 18 months since its official launch, showcasing the platform’s growth.
As of now, the total transactions for Shibarium stand at 740,151,335, according to data from the Shibariumscam platform. At the current pace, the protocol is on track to hit the 750 million transaction mark in approximately three days. This impressive figure highlights the increasing adoption of Shibarium compared to its competitors. Although Base Network and Arbitrum continue to lead the Ethereum Layer 2 space, Shibarium is quickly positioning itself as a contender worth monitoring.
But Shibarium’s success isn’t limited to just transaction counts. The protocol has celebrated reaching the 8 million block production milestone and is poised to surpass 9 million in the coming weeks. Moreover, the number of wallet addresses on the network has grown to 2,064,588, indicating a healthy and expanding user base.
Shibarium’s progression offers a fascinating opportunity for the Shiba Inu (SHIB) token. As Shibarium evolves, it has a direct impact on SHIB’s price. This recent uptick in activity has certainly energized the token, with SHIB’s price rising by 6.95% to $0.00002239—evidence of a promising start to the new year.
As we watch Shibarium move towards its next significant milestone, it’s inspiring to witness how this project is transforming opportunities for both the platform and the Shiba Inu community. Stay tuned for what’s next!
