Shiba Inu’s layer 2 blockchain solution, Shibarium has reached an impressive feat with its total number of blocks exceeding three million.
In an exciting turn of events, Shibarium, the layer 2 blockchain solution developed for Shiba Inu has reached a new milestone according to new data.
The advanced blockchain platform that was designed to specifically improve the Shiba Inu ecosystem now boasts of completing over 330 million transactions involving more than 1.3 million wallet addresses.
According to data from Shibariumscan – a Shibarium tracker website, Shibarium’s total number of blocks now stands at exactly 3,011,899. In addition, Shibarium has an average block time of 5.0 seconds with $0 in gas fees.
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Since its launch, Shibarium has demonstrated impressive performance in terms of cost-effectiveness and efficiency. Notably, the daily transaction on the network is now 2.46 million.
Source: Shibariumscan
Per Shibariumscan data, the layer 2 blockchain solution has processed exactly 334,942,006 transactions with an average block time of 49.581 seconds.
In addition, the total number of contracts on the network has passed 15 thousand, indicating extensive development activities on the platform.
There are currently 63,225 accounts overall, and 8,979 tokens are supported on the platform. The growing number of figures on Shibarium underlines its heavy use case and its capacity to support a wide range of applications and tokens.
Shiba Inu (SHIB) price reaction
Meanwhile, the price of Shiba Inu is presently experiencing a little correction. According to Coinstats data, SHIB is currently changing hands at $0.0000089 signifying a 0.36% decrease in the last 24 hours.
Furthermore, SHIB occupies the #18 position on the global crypto market chart with a 24-hour trading volume of $76,006,108 ($76 million) and a live market cap of $5,295,273,248 ($5.2 billion).
Compared to other memecoins, Shiba Inu has demonstrated a strong presence. SHIB is the second-largest memecoin in the market behind Dogecoin (DOGE). Other tokens such as PEPE and $BONK are far behind with a market cap of $634 million and $380 million respectively.
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Read more:
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- Shiba Inu Team Shares Important Update on How To Avoid Scams on Shibarium
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.