Shibarium, Shiba Inu’s Layer-2 Blockchain, Soars Past 100 Million Transactions: A Moonstone Achievement
In a groundbreaking development, Shiba Inu’s Layer-2 blockchain, Shibarium, has left the crypto community in awe by achieving a monumental milestone of 100 million transactions. The blockchain’s recent surge in activity propelled its total transaction count to an astounding 103.31 million, marking a remarkable journey from its modest beginnings.
Read Also: Shiba Inu Faces Potential Correction as Bitcoin Rebounds Amid Inflation Concerns
1/5
Shibarium at 100M transactions? That's a moonstone, not just a milestone! 🚀🌕
Huge shoutout to our stellar community – you made this happen!
(Find a leak of Shy’s ChatGPT in the thread)— Shib (@Shibtoken) December 13, 2023
Moonstone Celebration
The official X account of Shiba Inu, in acknowledging this achievement, referred to Shibarium’s 100 million transactions as a “moonstone,” emphasizing its exceptional significance. Expressing gratitude to the SHIB community for their pivotal role in this accomplishment, Shiba Inu shared celebratory screenshots capturing the community’s joyous moments, including milestones at 1 million, 10 million, and the monumental 100 million transactions.
5/5
Beware of scams links below that seems like ours. Only click on links if you're certain they're safe.
Double-check with https://t.co/56VsqOa2jt and our official brand channels for verification.— Shib (@Shibtoken) December 13, 2023
Developer Engagement
Adding a personal touch to the celebration, Shiba Inu revealed glimpses of a conversation on ChatGPT involving lead developer Shytoshi Kusama. This transparency in developer-community interaction showcased the collaborative spirit driving Shibarium’s success.
Read Also: Shibarium Surges: Developers Announce Major SHIB Token Burn Amidst Rising Transactions
While revelling in the achievement, the official X account of Shiba Inu used the platform to caution the community against potential scams, underlining the ongoing need for vigilance within the crypto space.
Overcoming Initial Challenges
Shibarium faced a challenging start after its mainnet launch in August, encountering technical glitches and a sluggish transaction volume. However, recent weeks have seen a transformative turnaround, with daily transactions spiking significantly.
Rapid Growth in Daily Transactions
Since December 2, Shibarium has consistently processed an average of over 7 million transactions daily, showcasing a substantial increase from the early days when daily transactions hovered around 15,000. Even a brief dip on December 9, when daily transactions fell to 6.8 million, quickly rebounded, maintaining the momentum above the 7 million mark.
Shibarium’s success extends beyond transaction volume. Key metrics, including the number of addresses interacting with the L2 blockchain (1,307,746), total blocks minted (2,106,883), and digital assets launched (8,640), have recorded significant gains. The total number of accounts on Shibarium’s mainnet has also surged to an impressive 56,621.
Future Implications
Shibarium’s triumphant journey signifies not only a milestone in transaction numbers but also an evolution in its overall ecosystem. The sustained growth in various metrics underscores the blockchain’s increasing adoption and resilience.
As Shibarium continues to thrive and shape the narrative of Shiba Inu’s blockchain journey, the crypto community eagerly anticipates further developments and milestones in the evolving landscape of decentralized finance.
Follow us on Twitter, Facebook, Telegram, and Google News
Tosin Matthew is a dynamic figure in the crypto sphere, blending content creation with astute analysis. With a sharp eye for market trends and a passion for blockchain technology, Tosin delivers insightful content that educates and empowers. Trusted by audiences for expert guidance in navigating the complexities of cryptocurrency.
