The transaction count on Shiba Inu’s layer-2 blockchain Shibarium is approaching the crucial milestone of 300 million.

The latest data from ShibariumScan reveals that the number of transactions on the blockchain stands at an impressive 297 million, spanning 2.7 million blocks.

Shibarium Transactions Reflects Growth

As of September 2023, Shibarium had completed a modest 3 million transactions. However, the latest figures reveal a staggering surge of over 9,000% in transaction volume within four months. The network has been integrated with major cryptocurrency players such as Gate.io, further propelling its growth.

This achievement is particularly noteworthy considering the trend of declining daily transactions on Shibarium. Currenly, Shibarium records 1.96 million daily transfers, marking a decrease from the consistent two million-plus level observed over the past week.

Notably, its volume peaked in December, reaching an average of more than 7 million daily transactions.

Read more: Top 10 Cheapest Cryptocurrencies to Invest in January 2024

Despite its impressive transa

Go to Source to See Full Article
Author: Oluwapelumi Adejumo

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details