The marketing specialist for the Shiba Inu team, Lucie, published exciting information about the development of the ecosystem and the prospects for the further growth of SHIB and Shibarium. In a detailed tweet, Lucie discussed the economic impact of cryptocurrencies, with a special emphasis on SHIB and its expanding ecosystem.
Read Also: Shiba Inu’s Deflationary Strategy and New Game Launch
Shibarium’s Expanding Role and Utilization
Lucie explained that the Shiba Inu ecosystem has been experiencing rapid growth, driven by a steady influx of collaborations and new partners. These partnerships will significantly promote the Shiba Inu network and its development in the coming days. She underlined that Shibarium’s future effectiveness will heavily rely on when they are helpful and on the growth of adoptions with layer-2 solutions.
In any scenario involving new tokens to be created, swaps or services provided, or new NFT collections, higher use of Shibarium is beneficial. At the same time, Lucie pointed out that supporting projects connected with Shibarium is crucial, but it must not become an issue that would downplay support for the Shiba Inu coin.
Advertisement
Shibarium Achieves Key Milestones Amid Market Volatility
Recently, Shibarium passed another significant achievement, logging more than 6,000,000 blocks in the testnet even with the current dropping market prices. Furthermore, the platform saw a substantial increase in daily transaction counts, hitting 8,630 on August 1—up from 2,570 on July 30—following earlier records of 8,390 on July 17 and 9,370 on July 3, while the total transaction count reached 418,000,000.
Meanwhile, the number of SHIB tokens permanently removed from circulation in the last 24 hours stood at 6,983,597 when Shibburn calculated it. This active token burning can be regarded as the case of the community’s activity and care about the ecosystem’s state.
The recent developments of Shibarium correlate with Lucie’s observations and show the constant advancement within the Shiba Inu ecosystem, which proves the functionality of the platform and the community’s commitment to the SHIB token.
Read Also: Shiba Inu (SHIB) Records a Sharp Increase of Raw Merchants’ Orders in Q1, 2024
Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.