Shibarium Surpasses 3M Transactions and 1.25M Adressess

Shibarium Soars

Shibarium, the layer 2 blockchain born from the creators of the Shiba Inu (SHIB) cryptocurrency ecosystem, is on the rise, setting records in both transactions and user adoption.

Shibarium reached a milestone by surpassing 3 million transactions, according to shibariumscan.io. At the time of writing, there have been 3,047,812 transactions.

Further, the total number of Shibarium crypto wallets has crossed the 1.25 million mark. Shibarium currently boasts 1,250,064 wallets, signifying a growth rate of approximately 34,700 new addresses emerging daily. 

Shibarium debuted on August 16, and since then, it has consistently generated significant buzz within the crypto community. Over the past week alone, the protocol has recorded an average of about 41k new daily transactions, reflecting sustained momentum and user engagement.

Over 10,000 smart contracts have been deployed on Shibarium's platform, of which about 440 have already been verified.

Shibarium's journey to its current status was not without its challenges. The network experienced an unexpected surge in traffic during its mainnet introduction at the Blockchain Futurist Conference in Toronto shortly after its initial launch in mid-August. This surge prompted a relaunch to address the influx effectively.

Shiba Inu (SHIB) is trading at 0.000007271, almost unchanged over the last 24 hours, according to CoinMarketCap.