Shiba

Arbitrum

Million

Avalanche

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Shibarium, the layer-2 scaling solution for Shiba Inu, has <a href="https://twitter.com/kaaldhairya/status/1736910412019319179" rel="noopener noreferrer nofollow">surpassed</a> 130 million inscriptions while maintaining the lowest gas fees in the industry.&nbsp;
According to Kaal Dhairya, a developer for Shiba Inu, it was accomplished in less time than any other chain.&nbsp;
He attributes this success to the diligent work of the Shibarium team.
<h2 id="shibarium-outperforms-rivals">Shibarium outperforms rivals</h2>
According to the latest data, Shibarium's inscriptions have seen a significant uptick, setting it apart from other blockchains in terms of growth rate and cost efficiency.&nbsp;
With 130 million inscriptions, Shibarium is not just outpacing virtually all of its competitors.
Polygon leads the pack with a substantial 161 million inscriptions, followed by BNB with 77 million, and Avalanche C-Chain with 60 million. Other networks such as Fantom, Celo, Gnosis, Arbitrum One, and zkSync Era report lower figures
As mentioned above, <a href="https://u.today/shiba-inu-shibarium-hits-90-million-total-transactions-in-big-milestone" rel="noopener noreferrer nofollow">Shibarium</a> is also doing so with lower transaction costs, a key performance indicator in the blockchain space.&nbsp;
<h2 id="more-upcoming-developments">More upcoming developments&nbsp;</h2>
As Shibarium prepares for an upcoming hard fork, <a href="https://u.today/shiba-inus-shibarium-to-become-faster-with-next-hard-fork" rel="noopener noreferrer nofollow">expectations</a> are high for a substantial boost in transaction speed.&nbsp;
Currently, the network processes a formidable 200 transactions per second, but the hard fork aims to elevate this figure even further, strengthening Shibarium's position in the market.&nbsp;
This development points to Shibarium's commitment to solving the scalability issue that many established networks, such as Ethereum and Bitcoin, continue to grapple with.

Shibarium Hits Record 130 Million Inscriptions

Table of Contents

U_Today

Other articles published on Dec 19, 2023

Analyst expects fall in Cardano price

Helium Mobile Sets Rules To Address Suspicious MOBILE Token Farming Activities

Dogecoin Whales Are On The Move: A Worrying Sign?

Cryptocurrency Market Analysis: Bitcoin and Altcoins Price Targets

Metaplex Unveils New Game-Changing Features For Solana NFTs

Senator Elizabeth Warren raises alarm on crypto use in terrorism funding

Join our free newsletter for daily crypto updates!