- Shibarium, a Layer-2 blockchain for the Shiba Inu ecosystem, reaches 1 billion
- transactions 18 months after its launch.
- This milestone reflects growing adoption and Shibarium’s robust performance.
- This achievement showcases SHIB’s ecosystem utility, supports its burn mechanism, and may drive long-term value.
Shibarium, a Layer-2 blockchain for the Shiba Inu ecosystem, has reached 1 billion transactions 18 months after its launch. This milestone reflects Shibarium’s growing adoption and robust performance, with 1 billion transactions and 10 million blocks without major outages. This achievement highlights SHIB’s ecosystem utility, supports its burn mechanism, and may drive long-term value through greater scarcity and demand.
SHIB’s Layer-2 blockchain reaches 1 billion transactions
On Tuesday, Shibarium announced on its official X account that it had reached 1 billion transactions after its launch in August 2023. These transactions were processed in 10 million blocks without major outages or failures, suggesting Shibarium’s technical robustness.
Shibarium aims to evolve into a roll-up hub, supporting custom Layer-3 roll-ups. This development would allow developers to build more specialized applications on top of Shibarium, with the BONE (governance token of the Shiba Inu ecosystem) serving as the gas token for transactions.
However, traders should not expect an immediate price impact on the SHIB token, as it is muted. Memecoins are generally driven by speculative interest. At the time of writing on Thursday, it trades around $0.000012, 50% lower than its yearly high of $0.000024 in January 2024 and 86% down from its all-time high of $0.000088 in 2023.
