Shiba Inu’s Layer-2 blockchain, Shibarium, has reached a significant milestone, with its transaction count now exceeding 2 million, and daily transaction volume consistently surpassing 200,000.
The achievement of this remarkable milestone occurred within a mere 15 days since the Shiba Inu team reintroduced Shibarium for public usage. Furthermore, this accomplishment follows closely on the heels of the L2 blockchain’s earlier milestone of 1 million total transactions, which was reached just a week ago, as per data available on Shibariumscan.
Daily transactions on Shibarium have exceeded 200,000.
Significantly, Shibarium’s transaction volume reached a milestone of over 2 million transactions following a substantial surge in daily transaction activity. According to information from Shibariumscan, the network experienced a daily transaction volume of 202.9K.
These statistics indicate that Shiba Inu’s blockchain is progressively garnering broader adoption and practicality.
Other Stats
In addition to transaction figures, Shibarium has documented several other noteworthy statistics. Currently, a total of 1,125,968 (1.12 million) wallet addresses have engaged with the network.
Furthermore, the count of blocks on Shibarium is steadily approaching 600,000. To date, there have been 588,356 blocks recorded on Shibarium, with an average block time of 5.0 seconds.
Shibarium Attains Impressive Metrics Despite Facing Technical Challenges
Notably, Shibarium has managed to achieve these remarkable statistics despite facing technical challenges during its initial mainnet launch.
As a reminder, Shibarium encountered a fail-safe mode shortly after its launch on August 16. This technical issue arose due to a surge in user activity, prompting the Shiba Inu development team to collaborate with the Polygon development team to address the situation.
Following the successful scaling of the platform, Shibarium was relaunched for public use on August 28, 2023. At the time of the relaunch, Shibarium had only recorded 368,532 transactions and 66,958 addresses.
The most recent data underscores the substantial growth in Shibarium’s activity over the span of 15 days, with an addition of 1,727,976 (1.72 million) transactions and 1,059,010 (1.05 million) addresses.
SHIB & BONE Experience a Decline Amid Shibarium’s Achievements
Despite the notable increase in activity on Shibarium, the prices of tokens within the Shiba Inu ecosystem, such as SHIB and BONE, have continued to exhibit considerable weakness.
As of the current moment, SHIB was trading at $0.00000722, reflecting an 11% decline over the past fortnight. Likewise, according to CoinGecko data, BONE has experienced a substantial 35.9% drop in value over the same two-week period, now standing at $0.82.