Shibarium, built for the Shiba Inu blockchain, reaches 1 billion in transactions in 18 months after its launch

Source Fxstreet
  • Shibarium, a Layer-2 blockchain for the Shiba Inu ecosystem, reaches 1 billion transactions 18 months after its launch.
  • This milestone reflects growing adoption and Shibarium’s robust performance.
  • This achievement showcases SHIB’s ecosystem utility, supports its burn mechanism, and may drive long-term value.

Shibarium, a Layer-2 blockchain for the Shiba Inu ecosystem, has reached 1 billion transactions 18 months after its launch. This milestone reflects Shibarium’s growing adoption and robust performance, with 1 billion transactions and 10 million blocks without major outages. This achievement highlights SHIB’s ecosystem utility, supports its burn mechanism, and may drive long-term value through greater scarcity and demand.

SHIB’s Layer-2 blockchain reaches 1 billion transactions

On Tuesday, Shibarium announced on its official X account that it had reached 1 billion transactions after its launch in August 2023. These transactions were processed in 10 million blocks without major outages or failures, suggesting Shibarium’s technical robustness. 

This milestone also highlighted the increasing adoption and activity within the ecosystem, also showcasing community support from the “ShibArmy.”

Shibarium’s number of transaction chart. Source: ShibariumScan

Shibarium’s number of transaction chart. Source: ShibariumScan

Shibarium aims to evolve into a roll-up hub, supporting custom Layer-3 roll-ups. This development would allow developers to build more specialized applications on top of Shibarium, with the BONE (governance token of the Shiba Inu ecosystem) serving as the gas token for transactions.

Looking down on Shiba Inu, this milestone has a positive outlook. It enhances its utility within the ecosystem, supports the burn mechanism, and could drive long-term value through increased scarcity and demand. 

However, traders should not expect an immediate price impact on the SHIB token, as it is muted. Memecoins are generally driven by speculative interest. At the time of writing on Thursday, it trades around $0.000012, 50% lower than its yearly high of $0.000024 in January 2024 and 86% down from its all-time high of $0.000088 in 2023. 

Overall, the achievement is a positive signal for the ecosystem’s growth, but SHIB’s price trajectory will likely depend on broader adoption, market conditions, and continued community engagement.

SHIB/USDT weekly chart.

SHIB/USDT weekly chart.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Author  FXStreet
Jul 01, 2024
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
placeholder
Here are all the Trump insiders who sold off billions in stocks before tariff announcementExecutives from some of America’s biggest companies sold off billions of dollars in shares right before Trump’s tariff announcement hit the markets. The trades happened during the first quarter of 2025, as tension built around the White House’s next economic move.
Author  Cryptopolitan
Apr 21, Mon
Executives from some of America’s biggest companies sold off billions of dollars in shares right before Trump’s tariff announcement hit the markets. The trades happened during the first quarter of 2025, as tension built around the White House’s next economic move.
placeholder
Ethereum (ETH) Underperforms All Top 5 Major Cryptos in Brutal 2025 DowntrendDespite signs of improving momentum, with RSI climbing and EMA lines hinting at a potential breakout, ETH continues to lag behind competitors like Solana in multiple metrics.
Author  Beincrypto
Apr 23, Wed
Despite signs of improving momentum, with RSI climbing and EMA lines hinting at a potential breakout, ETH continues to lag behind competitors like Solana in multiple metrics.
placeholder
Analysts Highlight 4 Reasons Why ETH Price Could Rebound Strongly in MayEthereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Author  Beincrypto
May 07, Wed
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
placeholder
Ethereum Price Ready to Surge—$2,000 Level Could Be Within ReachEthereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
Author  NewsBTC
May 08, Thu
Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
goTop
quote