As a seasoned researcher who has been immersed in the dynamic world of cryptocurrencies for years now, I must say that what Shibarium is accomplishing is nothing short of extraordinary. The sheer volume of transactions they’re processing is a testament to their robustness and scalability. It’s like watching a high-speed train chugging along, leaving other solutions in its dust.
Shibarium, an Ethereum-linked scaling method within the Shiba Inu system, is about to make history by breaking a significant transaction count record. Since its launch, the protocol has already processed a whopping 669 million transactions and is poised to surpass another significant threshold in just a few days, with only about 946,000 more transactions needed to reach the 670 million milestone.
Shibarium optimism
Right now, Shibarium consistently handles around 4.5 million transactions daily, a rhythm that’s persisted for over eight weeks. This high volume has made it relatively simple for the protocol to exceed the 600 million transaction mark during this quarter, as previously reported by U.Today.
Over the past period, the wider Shiba Inu system has been under strain, particularly concerning its price fluctuations. However, the perspective on Shibarium transactions and other key indicators offers a glimmer of optimism to most SHIB supporters.
Given the ongoing rate, it’s estimated that Shibarium will require approximately 30,946,286 more transactions to reach the 700 million mark. Assuming the current conditions persist, this significant milestone could be achieved prior to the year-end in December.
Apart from handling numerous transactions, Shibarium is notable for having more than two million registered wallets and producing over 8.46 million blocks. This year alone, it has seen a broad acceptance that allowed it to achieve the milestones it has so far.
Shiba Inu price outlook
Currently, as I’m typing this, the price of Shiba Inu has dropped more than 5% in the last 24 hours to approximately $0.00002567. This significant decrease occurred even though there have been positive developments within other aspects of its ecosystem, such as the SHIB burn rate and trading volume.
Nevertheless, reaching significant achievement marks could potentially steer Shiba Inu towards recovery in the near future. Although the general link to Bitcoin is currently leaning bearish, a substantial Shiba Inu resurgence and potential surge may occur with the anticipated increase in SHIB transactions.
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2024-12-18 13:15