The Shibarium network reached a new acchivement of one million blocks conformed in this year-2 blockchain on Oct 6. Create by the Shibaswap's (BONE) developer, to scale the Ethereum network, shibarium is supported by the Shiba inu (SHIBA) community in a growing decentralized finance ecosystem.
After its launch, shibarium faced a few issues related to ethereum's bond and block production. According to its core developer, the issues happened after an unexpectedly high demand for the network, with massive traffic in a single block, that made the network go into fail safe mode.
Notably, the layer-2 was put back to work a few week later, now completin a meaningful milestone of one million blocks published and confirmed by the shibarium network, at an average of one block every 5 sconds.
on september 21st, a total of three million transactions were made on shibarium network.
What is next for SHIBA and BONE?
in this context, there are now 3,335,636 transactions already confiremed in the shiba network, with a total of 1,252,387 wallet addresses. This mean thats around three transactions made per published block and per wallet address.
Interestingly, the one million block milestone also validates that the shibarium blockchain is working fine, and past problem overcome. besides that, the increase also represents an increase in demand and use for this ecosystem.
therefore, tokens like SHIBA and BONE could benefit shibarium properly working and geowing. BONE is the most derectly affected token, cosidering it is one use for gas fee payment in each transaction. the more investors are using its ecosystem, the higher the demand for the token in the open market.