The Shiba Inu ecosystem has achieved a significant milestone with its Layer-2 (L2) scaling solution, Shibarium. Just a few hours ago, the network surpassed the 200 million transaction mark, indicating widespread adoption. Shiba Inu’s marketing lead, Lucie, confirmed the development on Twitter, and the number has since climbed to around 206.88 million, according to Shibariumscan.io data.
This comes just weeks after Shibarium successfully processed 100 million transactions. At the time, Shiba Inu’s lead developer, Shytoshi Kusama, described the achievement as a “moonstone” and not just a milestone. While Kusama has not yet commented on the latest feat, it is likely that he will use another catchy phrase to celebrate this new achievement.
Shibarium Gains Momentum
Shibarium’s journey hasn’t always been smooth. The network had a slow start, processing only a few thousand daily transactions in its early phase. As of November 23, it had only processed 4 million transactions despite launching on August 16.
However, the team behind Shibarium remained dedicated to improving the network and increasing its usage. Their efforts have paid off in December, with daily transactions consistently hovering between 5 million and 8 million. On-chain data shows that the L2 network has even recorded an impressive 7.85 million daily transactions, demonstrating its ability to handle large transaction volumes efficiently.
Furthermore, Shibarium has successfully minted over 2.34 million blocks and has an average block time of 5.0 seconds. The network also boasts over 14,500 cumulative contracts, including over 1,100 verified contracts.
The L2 blockchain’s rapid growth is a testament to the Shiba Inu community’s support and the increasing demand for efficient and affordable blockchain solutions. As the network continues to mature and attract more users, we can expect to see even more exciting developments in the future.
Shibarium’s future burns bright with a multitude of growth avenues. We can expect an explosion of exciting decentralized applications (dApps) taking root on its fertile soil, fostering a vibrant ecosystem. Bridges to other blockchains and ecosystems will sprout, weaving the L2 network’s into the wider tapestry of the cryptoverse. And to keep things fresh, the network’s own roots will delve deeper, with new features and functionalities blossoming, ensuring the network’s continued evolution and relevance. With such fertile ground, the netowrk’s future is sure to be bountiful.
Overall, Shibarium’s 200 million transaction milestone is a significant achievement that paves the way for continued growth and success for the Shiba Inu ecosystem. With its dedicated team, strong community support, and promising future developments, Shibarium is well-positioned to become a major player in the blockchain space.