Kusama

Shiba Inu

Rise

<div class="watcher-guru"> 
 <p>With the emergence of layer-2 protocols, Shibarium faced a botched initial <a rel="dofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a>, disappointing the Shiba Inu [SHIB] community. Nevertheless, it appears that the SHIB Army has moved forward from this setback, as the adoption of Shibarium experienced a significant upswing. The layer-2 platform has now pushed past 100,000 wallets on its network.</p> 
 <p>In a blog post published on Aug. 28, Shytoshi Kusama, the lead developer of Shiba Inu, formally declared that Shibarium’s functionality had been successfully reinstated. When Kusama indicated that Shibarium was in a ‘live’ state, the platform had a recorded count of 65,000 wallets engaged in 350,000 transactions.</p> 
 <p>These numbers have experienced significant growth, with an impressive increase of 55.8% in wallets and a 20.2% rise in transactions, as reported by Shiariumscan.io. Currently, the total number of wallet addresses stands at 101,401. It should be noted that an additional 35,000 wallets joined within a single day after Shibarium’s re-<a rel="dofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> on Aug. 28.</p> 
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  <img decoding="async" width="1024" height="751" src="https://cdn.thebittimes.com/images/2023/08/29/f05dfa667c94ede7ce5b67b45af81574.webp" alt="" class="wp-image-109158" srcset="https://cdn.thebittimes.com/images/2023/08/29/f05dfa667c94ede7ce5b67b45af81574.webp 1024w, https://cdn.thebittimes.com/images/2023/08/29/f05dfa667c94ede7ce5b67b45af81574.webp 300w, https://cdn.thebittimes.com/images/2023/08/29/f05dfa667c94ede7ce5b67b45af81574.webp 768w, https://cdn.thebittimes.com/images/2023/08/29/f05dfa667c94ede7ce5b67b45af81574.webp 380w, https://cdn.thebittimes.com/images/2023/08/29/f05dfa667c94ede7ce5b67b45af81574.webp 550w, https://cdn.thebittimes.com/images/2023/08/29/f05dfa667c94ede7ce5b67b45af81574.webp 800w, https://cdn.thebittimes.com/images/2023/08/29/f05dfa667c94ede7ce5b67b45af81574.webp 1050w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>A total of 439,210 transactions have taken place, each with an average block time of 5 seconds. Moreover, the current count of blocks stands at 327,872. It’s worth mentioning that Shibarium’s testing platform, known as Puppyscan, also gained significant attention. Despite being a testnet, Puppyscan managed to gather 100,000 addresses approximately three weeks after its debut. In contrast, despite facing challenges during its <a rel="dofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a>, Shibarium achieved the 100,000 milestone at a quicker pace.</p> 
 <p><strong>Also Read: Shiba Inu: Shibarium Scanner, Puppyscan Reaches 100k Wallets</strong></p> 
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 <h4 class="wp-block-heading" id="h-shiba-inu-price-and-burn-rate-record-recovery">Shiba Inu price and burn rate record recovery</h4> 
 <p>Positive developments for SHIB holders continue to emerge. While the week of Shibarium’s <a rel="dofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> faced significant challenges with minimal token-burning activity, the past week showcased a more favorable trend for the asset. During this period, the network experienced the removal of a total of 2,139,000,405 SHIB tokens from circulation through 122 transactions. Alongside this, the burn rate increased by 9.53%. Although this rise might appear modest, it is seen as the potential beginning of a larger trend.</p> 
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  <img decoding="async" width="700" height="500" src="https://cdn.thebittimes.com/images/2023/08/29/a86d99d15623bab72c16ae78c4ec2d6d.webp" alt="" class="wp-image-109165" srcset="https://cdn.thebittimes.com/images/2023/08/29/a86d99d15623bab72c16ae78c4ec2d6d.webp 700w, https://cdn.thebittimes.com/images/2023/08/29/a86d99d15623bab72c16ae78c4ec2d6d.webp 300w, https://cdn.thebittimes.com/images/2023/08/29/a86d99d15623bab72c16ae78c4ec2d6d.webp 380w, https://cdn.thebittimes.com/images/2023/08/29/a86d99d15623bab72c16ae78c4ec2d6d.webp 550w" sizes="(max-width: 700px) 100vw, 700px">
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 <p>Following Shytoshi’s recent blog post, the value of the meme coin has also started to rebound. This upward movement can also be linked to a general improvement in overall market conditions. At press time, SHIB was being traded at $0.000008164, marking a daily increase of 2.91%.</p> 
 <p><strong>Also Read: Shiba Inu Forecasted to Rise 925%: Here’s When</strong></p> 
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<div class="cs-entry__tags">
 <ul>
  <li>crypto</li>
  <li>cryptocurrency</li>
  <li>shib</li>
  <li>shiba inu</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/shiba-inu-s-shibarium-records-100k-wallet-addresses-post-relaunch-tbt60735.html">https://thebittimes.com/shiba-inu-s-shibarium-records-100k-wallet-addresses-post-relaunch-tbt60735.html</a></p>

Shiba Inu's Shibarium Records 100K Wallet Addresses Post Relaunch

TheBitTimes

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