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Shibarium Eyes Top 5 Blockchain Spot, Community Collaboration Key

Shiba Inu’s layer-2 scaling solution, Shibarium, is aiming high. Led by marketing lead Lucie’s optimistic prediction of a top 5 blockchain ranking, the project is rallying its community for active participation.

Shibarium: A Bumpy Start, Steady Progress

Launched in August 2023, Shibarium’s initial rollout faced challenges. However, the development team persevered, improving throughput and network stability. Despite a peak daily transaction count of 7.8 million, current figures hover around 593,680. The total transaction count sits at over 412 million, with a fast block time of 5 seconds.

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TVL Growth Needed, Community Activity Strong

While Shibarium’s Total Value Locked (TVL) of $1.59 million positions it at 154th among blockchains, its ranking on partner NowNodes as a top 5 most active platform highlights strong community usage. Long-term traction is a key focus for developers and the community.

Shibarium DApps: A Win-Win for SHIB

Lucie emphasizes the symbiotic relationship between Shibarium DApps and the SHIB token. More projects building on Shibarium translates to:

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  • Increased transactions with higher volumes
  • More frequent token burns, reducing overall SHIB supply
  • Additional rewards for validators who secure the network
  • Increased BONE rewards for validators, another token within the Shiba Inu ecosystem
  • Greater exposure for SHIB and its sister tokens, LEASH and SHEB

Collaboration is Key to Success

Lucie’s message is clear: achieving Shibarium’s ambitious goals requires a united community effort. By actively using and promoting Shibarium DApps, the Shiba Inu community can propel the project towards its top 5 blockchain aspirations.

 


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