Shibarium Might Hit First Major Milestone of 2025 in Days: Details

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As a seasoned crypto investor with a knack for spotting promising projects, I have been closely monitoring Shibarium, the Ethereum-based Layer-2 scaling solution from Shiba Inu. Having navigated through the crypto market’s tumultuous waters since its inception, I can confidently say that Shibarium’s growth trajectory is truly remarkable.

Over the past year, this protocol has consistently outperformed many of its peers and established itself as a force to be reckoned with in the Ethereum L2 landscape. The rapid increase in daily transactions, coupled with impressive milestones such as surpassing 750 million transactions, speaks volumes about its adoption rate.

While I’m always cautious not to get carried away by short-term trends, the sustained growth of Shibarium is a strong indication that this project has staying power. Its potential to disrupt and scale Ethereum transactions at a rapid pace makes it an exciting investment opportunity for those willing to take calculated risks in the crypto space.

The impressive block production milestones, growing user base, and increasing SHIB price are all signs that Shibarium is more than just hype – it’s a legitimate project with real-world potential. With its continued growth, I believe Shiba Inu (SHIB) could soon become a household name in the crypto world.

Lastly, as someone who has seen both the moon and bears during my time in crypto, I can’t help but joke that if Shibarium keeps up this pace, it might just be the first L2 protocol to reach the moon – literally! After all, we all know Elon Musk is a big Shiba Inu fan.

Shiba Inu’s Ethereum-based scaling solution called Shibarium is experiencing increased usage, as indicated by its transaction numbers. The daily transactions dipped to around 4.51 million on December 24 and 4.63 million on December 29, but they have since returned to their highest levels at approximately 4.78 million. If this trend continues, the platform could reach a significant milestone in a short period of time.

Shibarium and historic trends of 2024

Over the last year, Shibarium has made significant strides and is now leading the pack among emerging Ethereum L2 protocols. As reported by U.Today, it recently surpassed the 670 million transaction mark in mid-December. This impressive feat was achieved in under 18 months since its official debut.

As I pen this down, the Shibarium network has recorded a total of approximately 740 million transactions, as per data from the Shibarium Info site. If the current daily transaction rate continues, we might reach the 750 million milestone in around three days.

The number here indicates the rate at which Shibarium is adopting compared to other similar platforms in the Ethereum network. While Base Network and Arbitrum continue to lead as the top Ethereum L2s according to key performance indicators, Shibarium is making a name for itself as a noteworthy protocol to keep an eye on.

Not just transaction count

Shibarium isn’t just flourishing due to increased transactions, it has also reached a significant achievement – producing its 8 millionth block! In just a few weeks, we can expect it to surpass the 9 million mark.

Furthermore, the number of wallet addresses within the network totals approximately 2,064,588, indicating a steadily expanding user community for the L2 (Layer 2) system.

In essence, adopting Shibarium presents a distinctive boost for the Shiba Inu (SHIB) cryptocurrency. The progress of Shibarium appears to directly impact the value of SHIB, and this recent resurgence has also resulted in an increase in the token’s growth.

Currently, as I’m typing this, Shiba Inu coin (SHIB) has climbed a significant 6.95%, reaching $0.00002239 – marking the first consistent upward trend of the New Year.

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2025-01-02 12:48