Shibarium, an Ethereum-based Layer-2 scaling solution for Shiba Inu, has seen its daily average transactions increase to 4.77 million, just shy of reaching 5 million. The total transactions on Shibarium have surpassed expectations, reaching 735,432,733, which is over 35 million more than projected. The milestone achievement on Christmas Day reflects strong user engagement and confidence among users. Analysts predict that if this trajectory continues, Shibarium could reach 10 million daily transactions by the end of Q1 2025. Additionally, there has been growth in block production, highlighting a positive momentum for the Shiba Inu ecosystem. On the other hand, the Shiba Inu token (SHIB) has experienced price fluctuations and a decline in trading volume, currently trading at $0.00002081. Market participants anticipate an update from Shytoshi Kusama, Shiba Inu's lead developer, which could potentially impact SHIB's price value.



Other News from Today