TL;DR

• One of the biggest Indian cryptocurrency exchanges noted that Shiba Inu (SHIB) was highly traded on its platform last year, even surpassing Bitcoin and Polygon in February.
• Shiba Inu introduced Shibarium, a layer-2 blockchain solution, to enhance efficiency and scalability, achieving over 200 million transactions.
• Despite recent progress, SHIB’s price hasn’t seen substantial gains, with a 12% drop noted on January 3, though trends like negative SHIB exchange netflow suggest potential for future price recovery.

Shiba Inu’s Success in 2023

The leading Indian cryptocurrency exchange – WazirX – revealed that Shiba Inu (SHIB) was the second-most traded cryptocurrency on its platform last year. 

What is more, the self-proclaimed Dogecoin killer was the most popular token on the trading venue in February, surpassing Bitcoin (BTC) and Polygon (MATIC). This was the only month when the largest digital asset by market capitalization did not finish first.

2023 has been highly productive for Shiba Inu, which witnessed the launch of its layer-2 blockchain solution – Shibarium. The network was designed to improve the efficiency and scalability of the memecoin by reducing costs and improving transaction speed.

It recently blasted through a massive milestone, with total transactions nearing the 250 million mark. Those curious to find out more can take a look at our dedicated video below:

Shiba Inu’s burning program is also worth mentioning. As CryptoPotato recently Go to Source to See Full Article
Author: Dimitar Dzhondzhorov

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