🚀 Shibarium Achievements: Shibarium, Shiba Inu's layer-2 solution, reached almost three million completed transactions and more than 1.25 million wallet addresses within two months of launch.
📈 Possible Impact: Shibarium, introduced to reduce fees and increase transaction speed, may positively impact SHIB's market valuation as its use increases.
Transactions are Exploding
Shiba Inu's layer-2 scaling solution, Shibarium, continues to break records less than two months after its official launch. In this article, we will touch upon the latest achievement of the network.
According to data released by Shibariumscan, the number of completed transactions recently increased to almost three million. Additionally, the success rate has been hovering between 0.97 and 0.99 for the last month.
The total number of transactions (including pending, dropped, modified, and failed) is even more impressive, currently standing at around 3.3 million.
The number of wallet addresses is also increasing. According to the latest data, this figure is more than 1.25 million.
The Birth and Purpose of Shibarium
The L2 blockchain solution officially went live at the end of August with the aim of helping Shiba Inu (SHIB) rise to the top in the world of memecoins. In particular, it aims to reduce transaction fees and increase speed.
Some analysts and experts have argued that further advancement of Shibarium could positively impact the price of SHIB. An example of this is the pseudonymous
Those who want to learn more about the launch of Shibarium and its aims can check out our exclusive video below:
