Shiba Inu (SHIB)’s layer-2 blockchain, Shibarium beta, has demonstrated noteworthy performance within the cryptocurrency market. Shibarium beta has successfully processed over 300,000 transactions per day, a remarkable feat. As a result of this impressive achievement, Shibarium beta has emerged as a prominent contender in the highly competitive cryptocurrency industry.
On the 11th of March, Shiba Inu, a renowned meme-coin, introduced the Shibarium beta, also known as puppynet. The launch has garnered the interest of investors in the cryptocurrency markets. Shibarium is intended to facilitate the creation of applications that are faster, more cost-efficient, and highly scalable by developers.
It is worth noting that the number of wallet addresses associated with Shibarium beta has recently exceeded 15 million, indicating significant growth. Additionally, Shibarium has demonstrated another significant performance.
As per the report, Shibarium beta has consistently processed over 300,000 transactions per day, with an average block time of 5 seconds, since May 12. Investors are anticipating that this impressive performance will have a positive impact on the trading price of SHIB. The total number of transactions conducted on Shibarium beta is 12,547,565.
At the time of composing this response, the trading price of Shiba Inu stands at approximately $0.000008587, reflecting a 1.06% increase over the last 24 hours. However, the trading volume of SHIB has experienced a decrease of 15.94%, as reported by CoinMarketCap.
