The Shiba Inu (SHIB) layer-2 scaling solution called Shibarium is making progress despite slow growth. While the number of active transactions experienced a decline over the past month, block production has remained steady. Shibarium has reached almost two million registered addresses in just over a year since its launch. The total number of transactions is nearing the 420 million milestone, although recent trends have shown a decrease in daily transactions. However, other metrics such as contracts and gas use are growing significantly. Positive adoption of Shibarium could positively impact the price of Shiba Inu and SHIB tokens. The growth momentum could potentially help SHIB bridge the gap from its all-time high. The achievement of milestones will require collaboration from the community and developers exploring various use cases on the Shibarium network.
- Content Editor ( u.today )
- 2024-09-10
Shibarium on Verge of Two Major Milestones: SHIB Rally Ahead?