As a long-term Shib Inu (SHIB) investor with a deep interest in the crypto space, I’ve witnessed the incredible journey of this meme coin turning into a legitimate project. Reaching the 6 million blocks milestone on Shibarium, its layer-2 solution, is an impressive achievement that showcases the team’s dedication and resilience.
Based on Shibariumscan’s latest update, the Shibarium layer-2 blockchain has surpassed the anticipated achievement of six million blocks, with the current count reaching 6,018,526.
SHIB layer-2 running, layer-3 in works
Prior to the one-year mark of Shibarium’s debut, this significant event unfolded. At ETHToronto, a prominent blockchain conference in Canada where SHIB served as a major sponsor, the Shibarium layer-2 solution was unveiled by the team in August. This revelation underscored SHIB’s evolution beyond just a meme coin.
Following its release, Shibarium encountered an unprecedented surge in traffic that exceeded its capacity. In need of assistance, it reached out to trusted allies, including the Polygon team, for support.
In 2021, the SHIB collective, led by enigmatic figurehead Shytoshi Kusama, amassed $12 million in funds. Their goal: developing a layer-3 solution designed to optimize transactions, lessen gas expenses, and fortify user information privacy.
SHIB price reacts to block count surge
In addition to the block count, other significant statistics are on the rise. The total number of transactions reaches 417,991,273, and there are currently 1,811,144 connected wallets.
The SHIB token price surged by 3.22% on Sunday night in response to an increase in block numbers, peaking at $0.00001726. However, it has since experienced a minor correction, bringing the value down to $0.00001712 as of now.
As a researcher studying the cryptocurrency market, I’ve observed some significant movements in the second largest meme cryptocurrency between Thursday and Saturday. There was an impressive surge of over 9%, marking a notable increase in its value during this period. However, on Sunday, SHIB experienced a daily decline of approximately 4.31%. Despite this setback, the coin began to recover from the downturn.
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2024-07-29 17:52