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Shibarium Hits New Milestones in Transactions and Wallets

Shibarium hits milestones with 360M transactions & 3M daily, plus new Sheboshis NFTs & Shiba Eternity upgrades fueling SHIB ecosystem growth.

ShahZaib Ahmed

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Shibarium Hits New Milestones in Transactions and Wallets

Shibarium, the layer-2 blockchain solution created for the popular Shiba Inu cryptocurrency, has recently hit two key milestones indicating growing utility. According to data from Shibariumscan Explorer, the network has now processed over 360 million transactions in total, up 63 million in the past 20 days. Shibarium hits milestones with 360M transactions & 3M daily, plus new Sheboshis NFTs & Shiba Eternity upgrades fueling SHIB ecosystem growth.

The number of daily transactions on Shibarium has also regained the 3 million level after escalating from 1.07 million on February 16th to 2.44 million on February 18th. As of February 20th, Shibarium was processing 3 million daily transactions, the highest since January 28th.Along with the transaction spikes, the number of wallets connected to Shibarium has grown to 1,358,306. The boosts in activity and adoption point to expanding the network’s capabilities.

Upgrades Forthcoming for Shiba Inu Ecosystem

While Shibarium milestones move upward, the price of SHIB has traded sideways in recent weeks, still working to shed the sixth zero. However, developers have hinted at plans to increase the utility of the meme coin.

Also Read: Crypto Experts Forecast SHIB’s Price for 2024

Recently, lead developer Shytoshi Kusama unveiled Sheboshis, a set of NFTs for female members of the SHIB community. Sheboshis will launch on the ERC-404 standard on the Ethereum mainnet before getting bridged to Shibarium. The NFTs can be claimed by SHIB holders who already have Shiboshis from the previous collection.

Additionally, in the February 14th edition of the Shib Magazine, Kusama mentioned upgrades to address issues in the Shiba Eternity mobile game. Alongside fixes, the team aims to finalize play-to-earn and stake-to-earn features to incentivize players.

The Shiba Inu ecosystem is continuously developing, offering hope for its future. The community has quickly adopted Shibarium, suggesting that as more features and uses are introduced, the value of SHIB could increase. However, achieving a significant price milestone is still challenging.

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