Shiba Inu: Shibarium Witnesses Soaring Activity with 952 Transactions in a 5-Second Block

Shiba Inu

In a remarkable turn of events, Shibarium, the Layer 2 (L2) blockchain within the Shiba Inu ecosystem, has experienced a substantial surge in user engagement, boasting a total transaction count exceeding 6 million.

Impressive 5-Second Block  

IntroduceTheBugs recently reported an extraordinary milestone for Shibarium, revealing a staggering 952 transactions within a brief five-second block at a height of 1875694. This noteworthy achievement occurred precisely at 17:02 PM (UTC) yesterday.

Surpassing 6 Million Transactions

Building on this success, Shibarium has achieved a significant milestone by surpassing 6 million total transactions. Shibariumscan, the network’s explorer, currently records a transaction count of 6,329,333 (6.33 million). 

Impressively, this feat was accomplished in less than two weeks after reaching the 4 million transaction mark on November 24. The data shows an addition of 2,303,000 (2.3 million) transactions since then.

Related article: Shiba Inu Lead Developer Unveils Ambitious Goal to Attract 1 Billion Users

Rapid Daily Transaction Growth

A remarkable daily transaction count highlights the upsurge in Shibarium’s transaction volume. Shibariumscan indicates a noteworthy 748,230 transactions recorded yesterday. Although substantial, it pales compared to the extraordinary 16,630 transactions recorded the day before.

Beyond transaction counts, Shibarium boasts over 1.27 million addresses and has mined over 1.88 million blocks. The L2 blockchain hosts 30,369 accounts, facilitating 301,237 BONE transfers. Since its inception in August, users have deployed an impressive 14,299 smart contracts on the network, which supports over 8,500 tokens.

TVL Fluctuations

Despite these achievements, the total value locked (TVL) on Shibarium currently hovers below $700,000. On November 29, the TVL briefly rose above $700,000 before retracting to $681,800 the following day. According to DeFiLlama data, Shibarium’s current TVL sits at $693,075.

Shibarium continues demonstrating its vibrancy and growth within the Shiba Inu ecosystem, attracting significant user activity and showcasing its potential in the blockchain landscape.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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