#shibaInu âs Silent Rise: Outshining
#Bitcoinï»ż and
#Ethereum Shiba Inu has emerged as a standout performer in the digital asset space this year, outshining industry giants like Bitcoin and Ethereum.
This achievement coincides with Shibarium, which has witnessed a surge in transactions, setting a new record.
- Outperforming Bitcoin and Ethereum:
Despite receiving less attention, Shiba Inu has quietly surpassed both Bitcoin and Ethereum in terms of price performance this year.
While Bitcoin surged by 64% since the beginning of the year, reaching an all-time high of over $73,000, Ethereum also experienced significant growth, with a year-to-date increase of 73%, nearing the $4,000 mark. However, Shiba Inu's SHIB token has outpaced them both, skyrocketing by 246% to reach $0.00003599 before settling at $0.00002779. This remarkable increase reflects the immense interest and excitement surrounding the project.
- Shibarium's Impact:
A significant catalyst for Shiba Inu's success is the growing adoption and utilization of Shibarium. Launched by the meme coin ecosystem last August, Shibarium has overcome initial challenges and integrated with major crypto platforms like Gate.io.
Data from ShibariumScan reveals that transactions on the network have surpassed 412 million, showcasing its resilience and competitiveness among other
#Layer2 networks. This surge solidifies Shibarium's position as a significant player in the blockchain industry.
Additionally, DeFillama data indicates that the total value of assets locked on the network recently peaked at over $2 million, demonstrating strong community engagement despite a slight drop to $1.35 million amid market corrections. Shiba Inu developers have encouraged the community to further utilize the network, emphasizing its importance for the project's growth.
Source - beincrypto.com
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