TL;DR

• Shibarium has shown significant growth since its launch, processing millions of transactions and blocks while steadily increasing wallet adoption.
• The protocol has introduced upgrades for better performance, wallet compatibility, faster processing, and a token-burning mechanism to reduce SHIB supply and potentially increase value.

Another Target Reached

Shiba Inu’s layer-2 blockchain solution officially went live in August. It plays an important role in the meme coin’s ecosystem since it is designed to reduce transaction fees, improve speed, and enhance scalability. During its relatively short existence, the protocol hit countless milestones. In mid-November, the total number of transactions processed on the network surpassed 500 million. 

Most recently, total blocks exceeded 8 million, signaling Shibarium’s continued resurgence. Wallet addresses are also close to reaching a psychological level, with the figure currently standing just shy of 2 million.

Besides hitting the aforementioned milestones, Shibarium underwent several upgrades over the past months. In April, the team launched a new user interface (UI) update, describing it as “faster, smoother, and more accessible than