Shiba Inu (SHIB) cryptocurrency has emerged as one of the rising stars, driven by growing optimism around Shibarium, a potent layer-2 network in the SHIB ecosystem.

Recently, Shibarium reached an impressive new milestone. Shiba Inu’s layer 2 solution surpassed the 200 million transaction mark on December 27, according to data shared by the Shibariumscan platform.

Shiba Inu’s Layer 2 solution, launched in August, added nine million transfers in just a single day as more developers and platforms are being added to the platform.

It’s worth remembering that recently, Shibarium reached an impressive new milestone. Shiba Inu’s Tier 2 solution has surpassed 130 million signups.

Commenting on the new major milestone, Kaal Dhairya, who is a Shiba Inu developer, highlighted that the milestone achieved by the ecosystem was achieved in less time compared to other networks.

“While everyone parades their chains, I thought about SHIB and SHIBARIUM should also be on this panel, in terms of numbers, we reached over 130 million signups in less time than any of the networks, keeping gas fees lower and without dropping , proud of the SHIBARIUM team for making this happen!” he wrote.

At the time of publication, the Shiba Inu price was quoted at US$0.00001077 up 0.3% in the last 24 hours. Over the past seven days, the Shiba Inu meme cryptocurrency has seen a growth in its price of 4.0%.

Shiba Inu Developer Reveals Details About Shibarium Transaction Explosion

Recently, there has been an exponential increase in the transaction count on the Shibarium network, a Layer-2 blockchain associated with Shiba Inu (SHIB). In a single day, nearly eight million transfers were recorded, raising questions and speculation among enthusiasts and investors. To clarify the situation, Shiba Inu lead developer Kaal Dhairya provided a detailed explanation, dispelling myths and offering insights into recent developments.

Dhairya assured the community that these transactions were not spam, but were directly related to the imminent move of Shibarium Puppynet from the Goerli Network to the Sepolia Network on Ethereum PoS. This move is an important step for the Shibarium ecosystem, aiming to provide a more controlled and stable testing environment, aligned with the resources and capabilities of the Ethereum mainnet.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.


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