Shibarium Achieves New Milestone, Crosses 1 Million Users

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Shibarium Achieves New Milestone, Crosses 1 Million Users

The recently relaunched Shibarium network has reached a new milestone as the total number of users crosses the 1 million mark. Within a week after its relaunch, millions of users poured in to join the network.

The layer 2 blockchain solution celebrated its one-week anniversary with a remarkable achievement. Shibarium has attracted millions of dollars as well as millions of users.

According to data from Shibariumscan – a Shibarium explorer website, the total number of wallet addresses on the protocol stands at 1,010,357 (1.01 million). This feat has been impressive as the total number of users tripled within a few days during the past week.

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Furthermore, Shibarium has also reached an impressive number of transactions as the total number is a little under 1 million. Per Shibariumscan data, the total number of transactions on Shibarium has reached a significant 969,276 (969 thousand). If this level of activity continues on the network, the total transaction crossing the million mark might just happen faster than expected.

In addition, the daily transactions on Shibarium at the time of writing are 99 thousand.

Shibarium Achieves New Milestone, Crosses 1 Million Users

Source: Shibariumscan

Shibarium TVL (total value locked) crosses $1 million

According to DefiLlama – a cryptocurrency data website, the total value of assets locked on the Shibarium network has reached an impressive $1.05 million. TVL is a metric that is used to calculate the total value of assets locked in a particular dApp or DeFi platform. Basically, the higher the total value locked, the more confident and trustworthy the platform is believed to be.

Shibarium Achieves New Milestone, Crosses 1 Million Users

Source: DefiLlama

This figure however is lower than the TVL within the first week of Shibarium relaunch. As previously reported, the TVL on Shibarium previously reached a staggering $1.47 million.

The impressive result displayed by Shibarium within its first week of relaunch underscores a promising future for the protocol. Moving forward, the Shiba Inu and the entire crypto community are paying close attention to the project, patiently waiting to see what comes next.

Shiba Inu (SHIB) price today

Meanwhile, the new feat attained by the Shibarium network has hardly demonstrated any significant impact on the price of SHIB. According to live data from CoinMarketCap, the price of Shiba Inu today stands at $0.0000077. The price is down 1.12% in the last 24 hours. Furthermore, Shiba Inu has a 24-hour trading volume of $88,545,570 ($88 million) and a live market cap of $4,551,743,741 ($4.5 billion).

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Continue Reading: PondX DEX Integrates Shiba Inu to its Platform

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Victor Nnamdi Igbor "Swaezy" is a crypto enthusiast and writer with over 8 experience in blogging. He is an easy person and when not working, loves to have a good time.