CandleFocus Shiba Inu Price Surges Amid Shibarium’s Significant Milestone
2024-12-09
Author: Content Editor
The Ethereum-based Layer-2 scaling solution, Shibarium, has achieved a significant milestone by surpassing 2 million wallet addresses on its network within 16 months of its launch. The network has processed over 620 million transactions with an average block time of five seconds and handles approximately 4 million transactions daily. It has also produced more than 8.2 million blocks, showcasing its ability to handle high demand. Shibarium's growth is attributed to its ecosystem partners, including Zama, which has enhanced the ecosystem's efficiency and performance. The progress within the Shibarium network has positively influenced the price of the Shiba Inu token (SHIB), which recently rose by 3.75% to $0.00003232. Over the past month, SHIB has experienced a 20.47% increase in value, driven by factors such as token burns and the milestones achieved by Shibarium. Overall, these developments highlight the growing adoption and impact of blockchain technology.
Related News
Bitcoin sees another flash crash, leading to $1.52 billion cascade in crypto liquidations Bitget targets US markets under Trump’s pro-crypto administration Maverick Protocol aims to bring ‘MemeFi’ to Base Coinbase Faces Intense Backlash Over Account Restrictions Claims A crypto stock check-in as miner raises continue Ripple (XRP) Price Faces Uncertain Momentum After 6-Year Highs Former US Treasury Secretary Makes Shocking Remarks About Trump’s Bitcoin Plans Bitget May Enter the US Market, Claims CEO Gracy Chen Where is Binance Based? Longstanding HQ Controversy Remains Unresolved Sonic SVM Unleashes a Web3 Gaming Revolution with Tiktok Integration $567,390,000 in Liquidations Hits Crypto Markets As Analyst Warns of ‘Trouble Area’ for Altcoins Chinese Nvidia probe could start Trade War 2 Over $1.4 Billion in Liquidations as Bitcoin (BTC) Dumps by $6K in Hours Ethereum researcher Max Resnick makes surprise jump to Solana ? Crypto Crumbles in Broad Selloff Led 20% Declines Across Numerous Altcoins PayPal Integrated into Paybis as Trump Appoints David Sacks AI & Crypto Czar DeFi TVL nears 2021 highs on liquid restaking, Bitcoin L2s Solana (SOL) Price Down 15% From All-Time High, More Declines Possible Ethereum Whale Makes $1 Million Profit from $CULT Token Sniping China's "Moderately Loose" Policy: What It Means for Bitcoin Elon Musk: IRS relies on old computers, ‘can’t pass basic audits’ 3 Key Reasons Why Chainlink Price Could Hit $30 This Week Binance Research: Key Trends in Crypto – December 2024 Why On-Chain Lending Redefines Financial Innovation SBF Working on Million-Dollar Memoir, FTX Victims to Get Royalty Will Dogwifhat Price Hit $10 This December? Whale doubles down on ETH with $7m buy Ripple CEO Claps Back at Former SEC Official Bitmain launches US production line to outmaneuver geopolitical trade tensions Benchmark sees even more upside in Bitdeer's stock after share price quadruples On-Chain Yields Made Simple with Binance Binance CEO Richard Teng Makes a Statement for the End of 2024: He Talked About The Fate Of Cryptocurrencies After Trump Elon Musk Retweets Pepe Meme; Influencing Pepecoin Price Some bitcoin ETFs are doing better than others All-In on “Sacks”: The man behind Trump’s bold crypto and AI move Cardano Price Drops 8% – Will ADA Crash Below $1? Colombia ranks 4th in LATAM for Bitcoin revenues, earning $6.79 billion in 2024 Wyoming seeks developers for state-backed stablecoin Changpeng Zhao says it’s ‘inevitable’ for China to build a BTC reserve Wabisabi Deanonymization Vulnerability "Disclosed" Google’s quantum chip ‘Willow’ shatters records, compressing centuries of computing into minutes Coinbase Gives Partial Positive News This Time For Altcoin Shaken By Its Delist Decision Binance deposit address sets up Magic Eden (ME) wallet, is a listing coming? MicroStrategy bitcoin purchases aren’t stopping premium decline Shiba Inu (SHIB) Price Surge Slows as Indicators Point to More Corrections Ahead Layer 0: Solving Bitcoin’s interoperability challenges This Altcoin Announces Its Own Debit Card: Sudden Rise in Price Pundit Says XRP Will Retire a Lot of People: Here’s How Toncoin (TON), Solana (SOL) Next to Reach New ATHs? Aptos Eyes $20 as Bullish Momentum Builds with Strong Support at $13.50 What Paul Atkins as SEC Chair and David Sacks as Crypto Czar mean for the future of crypto AI predicts MultiversX (EGLD) price for year-end Wrapped Bitcoin hides bitcoins for WBTC on Tron Eric Trump: The U.S. can become a crypto superpower with ‘sensible’ regulation Needham raises Coinbase stock's price target to $420 a share amid altcoin trading spike Price analysis 12/9: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX Michael Saylor hails Riot Platforms as a company on the Bitcoin Standard – Here’s why XRP has 'most powerful chart in crypto' after breaking a 7-year price trend Genius Group Bitcoin Investment Raised Another $2.2 Million Altcoin’s bull run threatens market volatility – It’s not welcome Hedera (HBAR) Price Surges 506% but Faces Resistance Baby Doge and Neiro Meme Coins Surge as Bitcoin DOG Token Hits All-Time High Buy signal for two strong cryptocurrencies this week Drive-and-Earn Platform Dimo Swaps Ethereum Networks, From Polygon to Base Bitcoin (BTC) Faces Weak Buying Pressure as Bulls Remain on the Sidelines 5 reasons crypto dino coins like XRP, Tron and ADA are going parabolic Satoshi, Gates, Bezos and Bitcoin: Scottie Pippen Says He Saw It All in Dream BTC, ETH and XRP Price Prediction for December 9 Stablecoins Break $200B Mark as Ethena’s Yield-Bearing USDE Supply Soars 89% Movement Foundation launches Movement Mainnet and MOVE token $25 Billion ADA Traded in Hours, But Price Dips Why crypto needs to fix its ‘dangerously low’ knowledge gap XRP price to $5 next? 3 charts suggest that the historic rally isn’t over BIT Mining expands with new operations in Ethiopia Michael Saylor Likens Satoshi Nakamoto to Prometheus, Here’s Why Why did XRP price drop after Garlinghouse’s 60 Minutes interview? Is Chainlink (LINK) Ready for a 40% Surge Toward Its $52 All-Time High? Goldman Sachs puts focus on crypto, reveals client note Orochi Network and XProtocol Partner to Transform Web3 Gaming Shiba Inu price and burn rate are falling: time to sell? Bitcoin 'Four Meggers': OrdinalsBot Inscribes Largest-Ever File on the OG Blockchain Why These Altcoins Are Trending Today— December 9 November Was a 'Monumental' Month for the Crypto Market, JPMorgan Says Hyperliquid (HYPE) Price Drops After Billion-Dollar Airdrop Momentum Fades DOGE and SHIB Price Prediction for December 9 Bitcoin Technical Analysis: Consolidation Phase Precedes Next Big Move XRP Technical Analysis: Could $2.91 Be the Launchpad for a Rally to $3.50? Strategic Bitcoin Reserve Speculation Grows: Initiatives Allegedly Greenlit by Four Nations 112 Million DOGE on Move – What's Driving Surge? Active Dogecoin Wallets Hit 9.5 Million: A Step Toward Mainstream Use? Shytoshi Kusama Ignites SHIB Army With 'Accurate' Crypto Message: Details Shiba Inu (SHIB) Price on Verge of Breakout or Breakdown: What Might Be Next? Will Pepe Coin Price Double as Whales Accumulate $1.14B PEPE? Chainlink Eyes Breakout With 142% Address Count Talibans trade memecoins to become ‘Talibros’ RENDER Crypto Breaks Trendline: Is it Headed for $31 Target? Top Crypto Tokens Reached All-Time Highs Recently, $ZANO and $PEPE Leading the Pack This is how Cardano (ADA) performed in 2024 so far TON Accelerator partners with Bybit to advance cross-chain innovation Over 180K Bitcoin Taken Off Exchanges Since Trump Victory Standard Chartered, Virtu Financial join new U.K. crypto derivatives platform Chainlink Price Eyes Major Breakthrough: Is $50 the Next Target? 3 Reasons Why Ethereum Price Could Crash: How Low Can ETH Go? Ethereum Price Forecast: Is a $6K Target Within Reach? Jupiter DAO Passes Massive $860M ‘Jupuary’ Airdrop Vote Bitget Mulls U.S. Entry While Awaiting Trump’s Pro-Crypto Administration The World Is Under-Allocated to Bitcoin, says Steve Witkoff Core and BitGo Revolutionize Bitcoin Staking for Institutions Ripple CTO Poses Crucial Security Question to SEC Veteran $120K by Xmas: Why another bitcoin run could be in the cards Ice Open Network Transforms Blockchain with No-Code dApp Framework Jetking Infotrain Adds 12 BTC to Balance Sheet : First Indian Company to Adopt Bitcoin Strategy Bitcoin Layer 2 Stacks launches with a 35% all-time high annual yield by USDh SOLV Ticker Sold for $128,000 in Hyperliquid Ticker Auction Toncoin Volume Skyrockets 29%, What's Next for TON? Ethereum TVL Adds $7.79 Billion in a Week, Surpasses Solana and Tron’s Growth Binance Increased its JASMY Holdings by Adding 350 Million JASMY its Portfolio, JASMY $1 Sooner Than Expected 3 reasons why the IDEX price and volume soared Donald Trump’s first 100 days in office: Where does crypto fit in in his top 5 priorities? EigenLayer to Upgrade Restaking Rewards Program VeChain (VET) Revolutionizing Supply Chains and Sustainability—Ready for the Next Big Pump! $10,000 Set as Mid-Term Target for Ethereum (ETH) Price This Crypto Bull Cycle Hypothesis of correction on the price of Bitcoin Santiment Reveals Top 10 Altcoins That Its Developers Have Focused On Most Over The Last 30 Days! This Altcoin Is Back At The Top!... Pundit Says Why Can’t Shiba Inu Reach $0.01 if Bitcoin Can Reach $1M Why Is XRP Price Falling Today? Flare Integrates with Dune for Enhanced Data Insights Ripple CTO Stuns XRP Community With Mysterious Message: 'Lock In' Cardano Price Prediction : Here’s When ADA Price Will Hit New ATH Analyst Says XRP Primed To Hit Price Last Seen Over Six Years Ago, Predicts Old Altcoins Reaching Record Highs Pundit Predicts Unexpected XRP Explosion As XRP Eye More Gains QuarkChain Secures Optimism Grant for Fault Dispute Research Puppy.Fun Launchpad Set to Boost BabyDoge Ecosystem This Week Five verification needs when tokenizing RWAs | Opinion Royal Government of Bhutan Shifts 406 BTC ($40M) to QCP Capital, Still Holds $1.2B in BTC Fan tokens volumes explode, is this the next big crypto trend? Crucial Less Than $0.1 Million Bitcoin (BTC) Warning Made by Samson Mow Shorting Bitcoin ETFs Made Simple: How to Benefit From Price Declines Will Buying the Dip Push Solana Price to $600? 3 Altcoins to Watch in the Second Week of December 2024 How Many USDT On-chain Holders Are There? Ethereum Price Analysis: Here’s What Next for ETH After Getting Rejected at $4K Shiba Inu (SHIB) to Face 5 Trillion Resistance: Will It Handle It? Binance unveils new Binance Wallet with updated ‘seamless’ features Cardano, XRP Lead Losses Among Majors as Market Slide Liquidates $300M Bullish Bets JUST IN! MicroStrategy Bought Bitcoin (BTC) Again! Michael Saylor Reveals His Latest Purchases! Dogecoin Pressing Range Highs – Can Bulls Push DOGE To ATH? El Salvador to narrow Bitcoin laws to secure $1.3B loan from IMF—report Hoskinson’s ‘I Will Find You’ Stance After Cardano Foundation Hack Bitcoin Exchange OKX Announced Listing This Altcoin in USDC Pair! XRP Loses 8% in 24 Hours: What's Happening? Altcoin Market Cap Hits $425B: Will XRP and ADA Lead Next Rally? Bitcoin Not Just Money, Reveals Trading Legend Peter Brandt Monero (XMR) Shines as Top Performing Altcoin in 24 Hours as Market Moves Sideways Ethereum Breakout Signals Strong Bullish Trend After Breaking Key $3,982 Barrier VeChain Renaissance Ushers in Era of Growth with Historic Upgrade Deus X Pay Relaunches with a Focus on International Payments 121 Billion PEPE Stun Binance, What's Happening? Bitcoin makes history: Closes above $100K for the first time in daily and weekly records Where is Bitcoin Price Heading Next: $110K or $90K? Baby Doge Coin surges 49% amid whale accumulation, can it hit a new ATH? El Salvador Bitcoin Advisor Raises BTC Price Target From $220,000 to $2.2 Million: Here’s Why Bitcoin Price Eyes 6% Crash As Investors Realize Gains Analyst Announces He Does Not Expect a New Peak in Bitcoin and Ethereum by This Date! Here’s Why the Stellar Price Is Crashing Today Shiba Inu Lead Reacts to Elon Musk Tweet, Sparking Surge to 9-Month High The total crypto market cap surpasses the GDP of France and the United Kingdom Why Is XRP Going Down? Price Experiences Steepest Decline in Two Months Shiba Inu Surge Just Beginning, Analysts Say SHIB Looks Insanely Strong Ripple’s $150 million spending for the last ‘no’ Expert take: Here’s why CRV rallied 500% to 22-month highs HBAR and XRP: Bearish Trends Put Utility Tokens Under Pressure Ethereum’s $7.79B TVL Gain Outpaces Tron’s $900M Rebound What’s Next for XRP Price After Record-High Market Cap? Shiba Inu Lead Addresses Misconceptions About the Role of Burns to SHIB Success Crypto.com acquires Orion to expand financial products PEPE Market Cap Crosses $10B: Flag Breakout Targets $0.00003 Swiss ETP issuer predicts another nation to adopt Bitcoin as reserve, Ethereum resurgence in 2025 PEPE Price Records New All-Time High Amid Threat Of Profit-Taking CZ encourages Amazon to accept Bitcoin payments Ethereum Testing $4K Resistance Amid Whale Activity and ETF Inflows Uniswap Price Hits Three-Year High, Is ATH Imminent? XRP price to $48: Crypto analyst’s striking prediction why the token will surge 1,888% PEPE price rally flips DOGE, SHIB, UNI, and LTC – Here’s why Crypto ETPs hit record $3.85B inflows as Bitcoin smashes $100K Bitcoin (BTC) in 'Supercycle': Economist Alex Kruger Dogecoin's (DOGE) Parabolic Growth Signaled by 41% Whale Boost BTC price back to $94K? 5 Things to know in Bitcoin this week Gauging Bitcoin, XRP Resistance Levels After Record Price Rallies Uquid Teams Up with ARPA for a Secure Web3 Shopping Day HIVE Digital shares climb 6% as miner targets 2% of Bitcoin network Big Bull Michael Saylor Reveals His Ultimate Goal for Bitcoin Price – “At the End of Everything” Crypto Whale Makes $1.78M in Profit from $INJ Trade Using Coinbase eToro and Centroid Continue Middle East Expansion with Local Products Elon Musk has forgotten about Shiba Inu? South Korea’s Upbit and Bithumb lists MOVE on Dec. 9 HBAR kicks off December with a 136% gain, hits new ATH – What now? Algorand (ALGO) price soars upward momentum after 250% TVL surge Hoskinson Shares New Insight About Cardano Potential Collaboration with XRP Chainlink Eyes $30 as Bulls Defend Key Levels Amid Rising Adoption This Is the 8th Wall Street Bitcoin Miner to Report Lower BTC Production in November JUST IN! Binance Announces New Altcoin to Airdrop and List! HNT’s bullish patterns suggest a surge to $20: Here’s what to watch Cheelee (CHEEL) leads token unlocks worth $1.347 billion this week Australian fintech landscape shrinks, blockchain, crypto take 14% hit Bulgarian crypto scam is a top 5 whale in JustLend after exiting with client funds Altcoins on the Rise: 3 Leading Picks Driving Bullish Market Sentiment Altcoins in Retreat as Bitcoin (BTC) Falls Further Away From $100K (Market Watch) Investors in Russia expect Bitcoin to peak at $160k this cycle: report Bitcoin Makes History With First Daily Close Above $100K Cult memecoin from Milady NFT creators goes live at over $600 million FDV PEPE continues its rally despite whale selloff Santa Rally for Bitcoin Price This December? 5 Big BTC Supports CoinDCX’s BitOasis receives full crypto license in Dubai SushiSwap Unveils Ambitious 2025 Product Launches, Expanding DeFi Ecosystem Top Analyst Says XRP Conservative Target Is $8.4, Optimistic Target Is $48, Considers XRP Currently Undervalued Long-Term XRP Critic Says XRP Has Now Most Powerful Chart in All of Crypto How to use crypto correlation for better risk management Coinbase CEO Says SEC Commissioner Is ‘Failure’ Dogecoin (DOGE) Active Addresses Soar to Record High, Yet $1 Still Out of Reach South Korea’s Financial Overhaul Includes Ending Capital Gains Tax IOHK Deliveres on Every Promise Made: Cardano Founder Reacts to Comment Can XMR Maintain Momentum After 28% Surge? Ethereum reached $4k as retail accumulation strengthens Major XRP News Coming: Is Flare About to Make a Big Announcement? CryptoRank: Aptos Token Unlock to Add $161M to Circulation PEPE Coin Hits New ATH Moving Closer to SHIB in Rankings Bitcoin’s Path to $270K: Analyzing Elliott Wave Patterns for BTC’s Cycle Peak Prediction Bitcoin Permabull Max Keiser Hints at Muslim World Petrobitcoin Announcement The Bitcoin ETF is the most successful ETF ever in the US Crypto-stealing scam targets Web3 workers with fake meeting apps POPCAT eyes $2: How speculation over fundamentals could hold it back Ethereum’s chart signals to traders that a new high could hit next week Spot Bitcoin ETFs Reach $112B, Ripple CEO Says ‘Told You So’ Ripple's Garlinghouse Says 2024 Election Was a Chance to 'Educate Voters' Iranian Crypto Holdings Equal a Third of National Gold Market Why Is the Crypto Market Down Today? Jupiter (JUP) Targets $1.90: Is a New All-Time High on the Horizon? South Korea's Largest Cryptocurrency Exchange Upbit Announces Listing of a New Altcoin! Bitcoin Could Climb Beyond $150,000 by January, DeFi Derivatives Platform Derive Says Cardano Price Remains Unfazed Despite X Account Hack and Bearish Crossover From Energy Efficiency to Profitability: The Machines That Rule Bitcoin Mining Cardano Price Prediction For December 9 Big Banks vs. Bitcoin: The Battle for Financial Freedom A Crypto Trader Goes All-In on $NTX Amid a 75% Weekly Spike ‘Potential top’ for Bitcoin as long-term holders sell 828K BTC in 30 days Altcoin Market Booms Post-Trump Victory, but Shakeout Fears Loom Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP hints for a pullback ahead Bitcoin Price At Crossroads: Will It Stabilize and Surge Again? Whales Spark Optimism In Memecoin Market to Draw Retail Investors Meme Coin Whales Accumulate $PEPE Tokens in a Massive Buying Spree Ethereum Price Struggles Beyond $4K: Will the Bulls Return? Here are New Projected Timelines for Dogecoin to Hit $10, $20 or $30 as DOGE Spikes to $0.44 XRP Price Shows Resilience: Holding Strong and Eyes Another Surge Shiba Inu Price Surges Amid Shibarium’s Significant Milestone U.S. Treasury Calls Bitcoin Digital Gold as Price Hits $100,000 Hong Kong mulls tax exemption; ‘crypto’ adoption in India soars Poland arrests ex-CEO of Russian crypto exchange WEX for US extradition: Report Peanut Pet Owner's Token Collapses Two Weeks After Launch Analyst Predicts FLOKI Price To Surge Over 700%, Here's The Target XRP Lawsuit News: Former SEC Lawyer Reveals if Atkins Will Drop The Ripple Case SEC Commissioner Crenshaw Faces Renomination Amid Bitcoin ETF Opposition PEPE Hits New All-Time High, Market Cap Surpasses $10 Billion Brooklyn DA shutters 40 NFT scam sites after artist loses $135K Radiant Capital says North Korea posed as ex-contractor to carry out $50M hack Cardano Foundations’ X Account Hack; Fake Token Promoted ADA Price Set to Explode, Here’s What Data Says Ripple News: Iconic Trader Peter Brandt Calls XRP Chart “Most Powerful” Fox News' Eleanor Terrett: BlackRock Token News is Fake Pudgy Penguins NFT price surpass Bored Ape Yacth 5 Key Factors Influencing Solana’s Price in 2025 Ripple CEO on 60 Minutes: Garlinghouse Opens Up on $150 Million SEC Fight, Crypto War And More XRP Surges as Peter Brandt Highlights Key Market Cap Breakout Pattern Crypto Whale Moves Signal Possible Bullish Trend for LINK XRP Price Prediction For December 9 Marathon Digital Acquires Over $270,000,000 Worth of Bitcoin (BTC) Following Convertible Note Offer: Lookonchain President Trump says he never wanted to kick Jerome Powell out of the Federal Reserve Bitcoin (BTC) Can't Break $100,000, Dogecoin (DOGE) Can Sniff $0.5, Did Shiba Inu (SHIB) Form Hidden Cup and Handle Pattern? Dormant Dogecoin Wallet Holding 870,019 DOGE Activated After 11 Years Tap-to-Earn Games See User Counts Plunge Despite Crypto Boom