The Shibarium platform of Shiba Inu has achieved a large milestone, in which it has crossed the figure of 1 billion transactions. despite Although Shib value I have not had any special bounce. Shiba Inu’s Layer-2 network Shibarium is steadily increasing and its userbase is increasing, but despite this, Shib’s investors are not getting much profit. Let us know that by the achieving this milestone, there will be any positive changes in it or not.
Development and transaction volume of shibarium
Shibarium was launched in August 2023 and has made a major change in Memecoin Ecosystem. Shibarium was developed to the Shiba Inu Transaction with the objective of processing the Ethereum Blockchain fast and in low cost. Since the launch, Shibarium has seen a steady increase in the use of smart contracts, users engagement and daily transactions.
According to ShibariumScan, Shibarium Community has completed the total 1,012,261,457 transactions so far, which are associated with 10,284,922 blocks and 194,705,571 addresses. The special thing is that during activeness in the Cryptocurrency Market, the daily transaction volume of Shibarium reaches millions. In the last 24 hours, Shibarium Community processed 2.75 million transactions, while the figure was 4.11 million in the earlier 24 hours.
With the success of Shibarium, why not show any major impact on Shiba Inu Value?
Despite this important milestone of shibarium, there is no special increase in the shib value. There itself Shiba Inu Reserves also declined due to increase in whale transaction Is. Earlier, when there were any major changes in the shibarium, Shiba Inu Value also saw a bounce. However, now even after Shibarium achieved this big milestone, the price of Shiba Inu has not had any significant impact and there is a lack of enthusiasm among the investors.
Shiba Inu Value has fallen 9.4% in the last week and is now stable near $ 0.000012. Currently the price of Shiba Inu is $ 0.00001234, with an increase of 1.90% in the last 24 hours. However, this growth is very modest and its price is currently stuck at a level of $ 0.000012.
Conclusion
Shibarium’s 1 billion transactions have an important achievement for Milestone Shiba Inu, but it has not had any significant impact on Shib Value. This indicates that the fluctuations in the crypto price are not only dependent on the achievements of the network, but also based on the trust of other factors and investors in the market. Shib’s investors will still have to wait for time for major changes in the price, although there is a possibility in the future that the development of Shibarium and the increasing number of users may create a stable and strong ecosystem.
