Shibarium hits 4 million transactions on the network

Since its inception on August 16, Shibarium, the layer 2 blockchain network developed by the creators of the Shiba Inu (SHIB) cryptocurrency ecosystem, has sparked significant interest. This is evident in the growing number of wallets and the recent achievement of a new record in transaction volume.

Indeed, Shibarium has reached a new all-time high (ATH) by surpassing the milestone of 4 million transactions (4,007,358 as of the current publication). This data, sourced from the Shibariumscanexplorer on November 21, highlights the continual expansion of its user base.

Presently, the cumulative count of cryptocurrency wallets on Shibarium reaches 1,270,675, indicative of an approximate daily growth rate of 13,099 new addresses since its inception. This represents an addition of 20,611 wallets since the last report by Finbold on September 21.

BONE price analysis

In the meantime, BONE, which is dubbed as “passport to Shibarium” by Shytoshi Kusama, the developer of the Shiba Inu crypto ecosystem and ShibaSwap decentralized exchange (DEX), is changing hands at the price of $0.64, recording a decrease of -3.17% on the day, down -5.11% in a week and down -10.21% across the previous 30 days, as per the latest data.

It is noteworthy that, at the current juncture, the smart contract of BONE is still under the supervision of Kusama (KSM) and his development team, who are committed to transferring this control to the community at a designated time.

SHIB price analysis

Simultaneously, SHIB, the cryptocurrency Shibarium stemmed from, is currently trading at $0.0000084. This reflects a -3.48% decline in the past 24 hours, a -2.71% loss over the preceding seven days, and an 18.71% gain on its monthly chart, as per data available on November 21.

Recently, Shiba Inu has introduced a “Donate” feature to its blockchain solution, Shibarium. This feature enables users to provide financial support to non-profit validators who play a crucial role in enhancing the network’s security and efficiency.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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