Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, has reached a major milestone by processing over 5 million transactions. This demonstrates Shibarium’s exceptional capacity to handle transaction volume within the network.
Recently, Shibarium saw a dramatic surge in daily transactions, peaking at 748,000 transactions in one day. This is drastically higher than just 16 transactions the previous day, pointing to incredible growth.
The surge highlights Shibarium’s ability to manage rising activity levels across Shiba Inu. After hitting nearly 35,000 and 29,000 transactions on November 29th, Shibarium exceeded even its previous record high of 62,000 on October 25th. This current sustained spike goes well beyond anything seen before.
Considering Shibarium’s previous lows of under 10,000 daily transactions, this resurgence is particularly promising. It proves its strength in handling larger volumes and establishes its integral role in Shiba Inu.
Beyond transaction counts, Shibarium’s 5.234 million total transactions, 30,369 accounts, 1.277 million addresses, 301,237 BONE transfers and support for 8,575 tokens depict its evolving and expanding ecosystem. With 1.883 million blocks mined and 14,299 contracts too, it’s a key player in DeFi.
This major milestone reinforces Shibarium’s capabilities and vital position in powering Shiba Inu’s future growth. As it clears 5 million transactions, its promise as a critical component of the network continues to unfold.
