Shibarium to Become Top 5 Blockchain: Here is Why

Shiba Inu (SHIB) marketing lead Lucie has predicted that ultimately, Shibarium will rank as a top 5 blockchain.

According to Lucie, no matter what happens, those who ignore Shibarium might regret the outcome later on. The content specialist said the project is bound to do well because of the passion of its community members and the readiness to help.

No matter what happens, you will regret it if you ignore #Shibarium. We will become one of the top 5 blockchains because this community is unbeatable. It’s full of fun, good people with great intentions and dedication to helping everyone.$BONE $SHIB $LEASH $SHEB #Shiboshis…

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼‍♀️ (@LucieSHIB) March 18, 2024

Shibarium went live in August last year as an Ethereum-based layer-2 scaling solution. Its core goal is to serve members of the Shiba Inu ecosystem with functional DApps boosted by scalability and lower cost compared to Ethereum.

Shibarium on the Right Growth Path

While the launch of Shibarium came with turmoil, the protocol showcased resilience as developers worked to enhance its throughput. Thus far, there has been considerable activity on Shibarium with daily transaction count rising as high as 7.8 million at its peak.

Though this large transaction count has faded off, data from the Shibarium scan pegs the current daily transactions at 593,680. While Shibarium’s total transaction count comes in at at 412,247,306 from the total block count of 3,735,393, the block time has remained relatively low at 5 seconds.

Per data from DeFiLlama, Shibarium’s Total Value Locked (TVL) comes in at $1.59 million, a figure that positions it as the 154th-largest blockchain network by TVL.

However, Shiba Inu partner NowNodes ranked the protocols among the top 5 most active on its platform. Overall, the community and developers are working hard to ensure Shibarium gains more traction in the long term.

Shibarium and its Dapp Ecosystem

To reaffirm the commitment of Shibarium innovators to bring value to the community, Lucie outlined the benefits of projects building on Shibarium to SHIB in general.

According to her, these projects help to drive more transactions with bigger volumes, more token burns, and extra rewards for registered validators. The increase in DApps also means more BONE rewards for validators.

Lucie noted that these projects also offer increased exposure for SHIB with further attention on the other Shiba Inu-associated projects, including Doge Killer (LEASH) and Sheboshis (SHEB).

Having outlined the possibilities and opportunities, the marketing executives urged the community to work together to actualize the set goals.

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