Shibarium, Shiba Inu’s layer-2 scaling solution, has seen a remarkable 533% surge in newly verified contracts within 24 hours, with the purpose of establishing a robust ecosystem for Shiba Inu on Ethereum.
Key Points
- Shibarium, the layer-2 scaling solution for Shiba Inu, has experienced a 533% increase in newly verified contracts within 24 hours.
- The network aims to enhance Shiba Inu by providing a robust ecosystem on the Ethereum network.
- With over 1.24 million wallets and nearing 3 million transactions, Shibarium is fast becoming an integral part of the Shiba Inu landscape.
The layer-2 scaling solution of Shiba Inu, Shibarium, has experienced a significant increase in newly verified contracts.
According to Shibariumscan data, the number of newly verified contracts surged by approximately 533% within 24 hours. On September 17, there were only 3 newly verified contracts, which rose to 19 the following day.
JUST IN: Bullish Shiba Inu (SHIB) News: Shibarium Indicator Spikes by Over 530% in 24 Hours#SHIB $SHIB
— Crypto Chiefs News (@CryptoChiefNews) September 20, 2023
Shibarium’s Purpose: Advancement of Shiba Inu
Shibarium, the layer-2 blockchain network, has a clear purpose – to establish a robust ecosystem on Ethereum for Shiba Inu.
The ultimate goal is to support the advancement of the memecoin and position it ahead of its competitors by providing a dedicated network for transactions and application development.
Shibarium’s Community Enthusiasm
Since its launch in late August, Shibarium has garnered immense enthusiasm from the crypto community.
The number of wallets on the network has surpassed the 1 million mark just two weeks ago and currently stands at 1,247,000 million. Moreover, the total number of transactions on Shibarium is approaching 3 million.
By offering a layer-2 scaling solution, Shibarium aims to address the scalability challenges faced by the Ethereum network.
It provides a dedicated platform for Shiba Inu and has the potential to enhance its usability, speed, and overall user experience.
To gain a deeper understanding of Shibarium and its specifics, CryptoPotato has created a comprehensive video that explores the topic. You can watch the video by clicking on the link below:
Conclusion
Shibarium’s rapid growth in newly verified contracts and its aim to establish a dedicated network for Shiba Inu demonstrate its potential to contribute to the advancement of the memecoin.
With a growing number of wallets and approaching 3 million transactions, Shibarium has become an integral part of the Shiba Inu ecosystem.
