Shiba Inu

<ul><li>Shibarium surpassed 1 million transactions and 1.1 million wallet addresses within eight days of its public relaunch.</li><li>The network&#39;s native utility token, BONE, sees a surge in staking, reaching a valuation of $25.3 million.</li><li>Despite network growth, the price of Shiba Inu ecosystem tokens like SHIB, BONE, and LEASH remains largely unresponsive.</li></ul>In a striking development, Shibarium has achieved two major milestones within just eight days of its public relaunch as the Shiba Inu ecosystem&#39;s Layer-2 scaling solution. According to <a href="https://www.shibariumscan.io/" rel="noopener noreferrer nofollow">Shibariumscan</a>, the network&#39;s official explorer, the transaction count reached 1,171,005. Meanwhile, the total number of wallet addresses climbed to 1,118,014. It is noteworthy that Shibarium has outpaced other major networks including Cardano, which added just over 49,000 new wallets throughout March of 2023.The Shibarium ecosystem has also witnessed a robust increase in the staking of its native utility token, BONE. The staked tokens escalated from 22 million to 24.8 million in just four days, amounting to a valuation of $25.3 million. However, the total value locked (TVL) on the network <a href="https://defillama.com/chain/Shibarium?tvl&#61;true" rel="noopener noreferrer nofollow">remains</a> modest at $879,053, suggesting cautious capital deployment by users.On the development front, Shibarium&#39;s team has initiated <a href="https://cryptotale.org/shiba-inu-captures-community-attention-amidst-shibarium-progress/" rel="noopener noreferrer nofollow">collaborations</a> with third-party bridges to enable seamless token transfers to their blockchain. They have also <a href="https://blog.shib.io/wbone-and-more/" rel="noopener noreferrer nofollow">disclosed plans</a> to augment the network&#39;s validator pool and to relinquish the contract for their governance token, Bone. As of September 1, the network has expanded its utility by allowing various tokens, including Shiba Inu (SHIB), Bone (BONE), and Leash (LEASH), to be used for lending, borrowing, and staking activities.After overcoming initial setbacks, including a slump in transaction volume in early August, Shibarium has demonstrated resilience. Puppyscan <a href="https://puppyscan.shib.io/stats" rel="noopener noreferrer nofollow">data</a> indicates that the testnet has already processed transactions exceeding 38 million, with an average transaction count of 38.77 million and a total block count of 2.374M.Read full article at<a href="https://cryptotale.org/shibarium-shatters-records-with-over-1-million-transactions-in-just-eight-days/" rel="noopener noreferrer nofollow"> CryptoTale .</a>

Shibarium Shatters Records with Over 1 Million Transactions in Just Eight Days

CryptoTale

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