TL;DR

• Shibarium has processed over 500M transactions and introduced key upgrades to boost the Shiba Inu ecosystem.
• Analysts suggest Shibarium’s progress could be one of the factors sparking a SHIB rally.

Shibarium Keeps Progressing

Shiba Inu’s layer-2 scaling solution officially launched in August last year. Since then, it has achieved numerous milestones. As CryptoPotato reported in November, the total number of transactions processed on the protocol has surpassed 500 million. 

According to the latest data, the number of wallet addresses also reached a psychological level, crossing 2 million. Total blocks are on the way of tapping an impressive peak, too, currently standing at approximately 8.3 million.

Shibarium’s ultimate goal is to foster the development of the Shiba Inu ecosystem by improving speed, reducing transaction costs, and enhancing scalability. Over the past several months, the network underwent several upgrades.

In April, the team launched a new user interface (UI) update, describing it as “faster, smoother, and more accessible than ever.” The development improved compatibility with popular self-c