Shiba Inu: Shibarium Adds Over 36,000 Wallets Daily Since Launch – Impressive Growth in One Month

Shiba Inu Enters Top 10, Surpasses Cardano with Significant Rally

In just over a month since Shibarium, the layer 2 blockchain developed within the Shiba Inu (SHIB) ecosystem, was launched, it has garnered significant attention. This interest extends not only to transaction activity but also to the increasing number of newly created wallets.

To be precise, Shibarium has seen the addition of 1,246,666 cryptocurrency wallets since its inception. This indicates an impressive daily growth rate of approximately 36,667 new addresses, as reported in the most recent data acquired from the Shibariumscan explorer on September 19th.

In terms of blockchain transactions, the count has approached nearly 3 million, specifically reaching 2,910,761 by the time of this report’s publication. This marks an increase of over 500,000 transactions since Fxcryptonews previous update on September 12, representing a daily average of 85,611 transactions.

Following its mid-August launch, Shibarium encountered a restart shortly afterward. This action was prompted by its inability to efficiently handle the overwhelming surge of incoming traffic experienced during its mainnet launch at the Blockchain Futurist Conference in Toronto.

Related article: Shiba Inu: ChatGPT Predicts (SHIB) Could Reach $0.9; Insights on Timing and Catalysts

BONE Price Analysis

At the same time, the price of BONE, the token often referred to as the “passport to Shibarium” by the prominent developer of the Shiba Inu ecosystem and the ShibaSwap decentralized exchange (DEX), Shytoshi Kusama, was trading at $0.813 as of the time of writing. This represents a decrease of 0.35% within the day, a decline of 4.43% over the week, and a notable drop of 31.81% over the past month.

Source: CoinMarketCap

Currently, the smart contract governing BONE is in the hands of Kusama and his development team, with a commitment to eventually transfer this control to the community at a later date.

Related also: Shiba Inu Team Emphasizes Shibarium Adoption to Boost SHIB Token Burn Rate

Shiba Inu Price Analysis

Regarding the token that has its roots in the entire ecosystem, SHIB’s current price is $0.000007400. It has experienced a 0.70% increase in the last 24 hours and has seen a gain of 2.23% over the past seven days. However, it continues to hold an 10.72% decline on its monthly chart, as per the latest available data.

Source: CoinMarketCap

In summary, Shibarium’s consistent and substantial growth can be attributed to the dedicated SHIB community and developers. This is evident through the continuous creation of new wallets on a daily basis and the increasing number of transactions processed, marking new milestones for the platform.

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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