• SHIB’s price was still reluctant to move up as its daily and weekly charts were red.
• LEASH outperformed the rest, as it was up by 7% over the last week.

Shiba Inu’s [SHIB] Shibarium has accomplished a new feat despite the FUD surrounding it. Within a few days after the block explorer went live again, it was revealed that the network’s wallet addresses grew at a commendable pace. Not only that, but other metrics were also growing steadily. However, SHIB was not responding well, as its daily chart continued to remain red. 

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Shibarium is growing steadily

Since the launch, there have been multiple misconceptions related to Layer 2, and the most prominent one was that it was down. However, the reality was that it was the block explorer that was down and not the network itself. As reported earlier, this was because Shibarium uses an open-source version of Blockscout and doesn’t use massive servers for it.

Nonetheless, once the explorer went live again, it was revealed that Shibarium’s total number of wallets crossed the 60,000 mark. At press time, the number stood at 62,227 with 322,957 total transactions.

As per Shibariumscan, the network had an average block time of 5 seconds. Despite the rise in total transactions, it was surprising to see a decline in its daily transaction graph. 

Shiba Inu continues to disappoint inv
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Author: Dipayan Mitra

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