Shibarium, the Layer 2 protocol of the Shiba Inu (SHIB) ecosystem, has experienced unparalleled growth in recent weeks. The number of interacting wallets on the testnet, Puppynet, has surpassed 13 million and is still growing. Furthermore, new projects have indicated they are building on the platform, such as MzeDex. Recently, Shytoshi Kusama, the lead at Shiba Inu, urged the community to do their research and stay alert as there is no official Shibarium token.

As for the SHIB, it has been observed that SHIB BPP, a Twitter account focusing on Shiba Inu (SHIB), has revealed his expectations for SHIB burns via the Shibarium Layer 2 protocol. BPP believes, based on the current prices of BONE and SHIB and the number of transactions from the top Layer 2 in the past 30 days, that Shibarium would be remarkable if it burned 500 billion $SHIB per year. As for the current SHIB performance, it was noted that SHIB was down 3.41% in the past 24 hours and 250,000 tokens have been burned in the same period.

Shibarium has certainly established its presence in the cryptocurrency world and there are many speculations surrounding its future. As the number of wallets and transactions continues to rise and new projects continue to join the network, these positive trends may continue in 2021. While its full potential is yet to be seen, Shibarium can be a driving force in the cryptocurrency ecosystem.



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