Shibarium, the layer 2 scaling solution developed for the Shiba Inu cryptocurrency, has achieved a significant milestone by surpassing three million blocks. Designed to enhance transaction efficiency and scalability within the Shiba Inu ecosystem, Shibarium now boasts over 334 million transactions and 1.35 million wallet addresses. With a speedy average block time of 5 seconds and virtually zero gas fees, Shibarium demonstrates impressive throughput and cost-effectiveness. The platform’s daily transaction volume has reached 2.46 million, reflecting its robust performance. Examining Shibarium’s statistics reveals a total of approximately 332.613 million transactions, an average block time of 49.581 seconds, 15,004 contracts, 63,225 accounts, and support for 8,979 tokens. These figures underscore Shibarium’s capability to accommodate a diverse range of applications and tokens. Shiba Inu’s market performance has contributed to its resilience and growth, with its current price at $0.000008903, marking a 1.77% increase over the past day and maintaining a market capitalization of $5.25 billion, ranking 18th among cryptocurrencies. Compared to other meme coins, Shiba Inu outpaces newer entrants like Bonk (BONK) and Pepe (PEPE), with market caps of $634 million and $381 million, respectively.
