Shiba Inu's Layer 2 network Shibarium is experiencing record-breaking growth in wallet address and transaction count, just one week after its debut beta testing. According to Puppyscan, a blockchain explorer built on this L2 network, there are now over 202,070 wallet addresses and 1,054,391 transactions. This is a 100% increase from the day before, and is an incredibly positive news for Shibarium and its users. The average block time is also impressive, having been recorded at 7.3 seconds.

Another development which demonstrates the success of Shibarium is the massive response the network has received from prospective validators. Lead developer Shytoshi Kusama noted that the network has received at least 500 applications for the limited 100 spots. This shows great confidence in Shibarium and its ability to continue its success.

Though this news is certainly exciting, the current Shiba Inu prices are still underperforming, being down 1% and 3% respectively in the last 24 hours and 7 days. Nonetheless, this decline may not be cause for concern as the long term outlook of the token remains optimistic.

Overall, Shibarium's adoption and growth is an impressive accomplishment. Combined with a dedicated and capable team, the network is well poised to continue offering digital solutions and pushing boundaries. With its ongoing success and valuable insights gained, Shiba Inu is set to cement its place at the forefront of the cryptocurrency world.



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