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Shibarium, a Shiba Inu Ethereum-based layer 2 measurement solution, is showing signs of growing adoption. After calculating daily transactions decreased Falling to 4.51 million on December 24 and 4.63 million on December 29, transaction metrics have now returned to peak levels of 4.78 million. If this number of daily transactions is maintained, the protocol could reach a major milestone within days.
Shibarium and historical trends for 2024
Over the past year, Shibarium has recorded some milestones that put it at the forefront of emerging Ethereum L2 protocols. like I mentioned By U.Today, the protocol surpassed the 670,000,000 transaction mark in mid-December. This massive record comes in less than 18 months since its official launch.
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At the time of writing, Shibarium transactions total 740,151,335 per data from the Shibariumscam platform. The protocol could reach 750 million in about three days at the current daily transaction count rate.
This number is a sign of the adoption of the second language compared to its peers. While Base Network and Arbitrum still rank high in Ethereum L2 according to the most important metrics, Shibarium is registering itself as a protocol to watch.
Not just the number of transactions
Shibarium thrives in more ways than just the number of transactions. Protocol crossed The block's production has reached 8 million pieces and is on track to exceed 9 million in weeks.
Additionally, the wallet addresses hosted on the network are 2,064,588, a nod to the growing L2 user base.
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Overall, embracing the Shibarium provides a unique take on the Shiba Inu (SHIB) as an icon. With a direct correlation between the progress in Shibarium and SHIB price, there has been a recovery in the past few days as well Translate it into growth For the symbol.
At the time of writing, the price of SHIB is present jump 6.95% to $0.00002239 in the first sustained rise of the new year.
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