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.



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