Shiba Inu’s scaling network, Shibarium, has turbocharged to a new milestone, accomplishing three million blocks. The platform’s performance, as highlighted by data from the Shibarium scan, showcases an impressive track record, with over 334 million transactions and a substantial onboarding of more than 1.3 million wallet addresses. What’s truly remarkable is the platform’s exceptional average block time of a mere 5 seconds, coupled with the absence of gas fees, effectively bringing the cost of transactions to zero. This underscores Shibarium’s prowess in terms of both throughput and cost-effectiveness.
Digging deeper into the statistics, Shibarium has processed approximately 333 million transactions, albeit with a slightly higher average block time of 49.5 seconds. Since January 7, the platform has witnessed a steady increase in the total number of contracts, surpassing 15,004, indicating robust development activity. As of the latest data available, the daily transaction volume has reached an impressive 2.46 million.
A comprehensive analysis of Shibarium’s metrics reveals a total of 63,272 accounts and support for 8,979 different tokens. These figures underline the platform’s versatility in accommodating a diverse array of applications and tokens, reinforcing its status as a go-to platform for decentralized innovation.
Shiba Inu’s L-2 is touted as the go-to platform for the pioneers of the decentralized future, which means that it is the breeding ground for the future—the birthplace of decentralized applications [DApps], Shib: The Metaverse [Shib.io], Shiba Eternity, and a treasure trove of other mind-boggling projects, platforms, and services within the sprawling Shiba Inu community.
Shiba Inu’s L-2 Shifts Gears
According to the blog post, Shibarium is not just a blockchain; it’s a warp-speed highway for people, developers, and real-world businesses to cruise through the crypto universe at lightning speed without breaking the bank. Shibarium’s Puppynet has undergone a significant transformation, transitioning its underlying Layer 1 from the Goerli network to the Sepolia network, as unveiled in the latest edition of Shib magazine.
This strategic shift positions Shibarium’s Puppynet to embrace Sepolia as its new L1. Mirroring the features and capabilities of the Ethereum mainnet, Sepolia provides a controlled and stable testing environment. Now developers have a reliable and consistent platform for testing their decentralized applications [dApps] and smart contracts.