- Shibarium is on track to hit 1 billion transactions, supported by a recent surge of 3.84 million daily transactions.
- Total network blocks now exceed 10 million, and address count has reached over 191 million, reflecting rising network use.
- Shibarium aims to integrate Layer-3 rollups and serve as a data hub, expanding its utility and scaling potential.
Shiba Inu’s Layer-2 blockchain, Shibarium, is rapidly nearing a significant benchmark with over 992 million transactions processed to date. Data from ShibariumScan confirms that the network is fewer than 8 million transactions away from the 1 billion milestone. The recent surge in network usage has pushed this number higher, reflecting increased user engagement and on-chain activity.
Daily Shibarium network transactions increased dramatically as it handled more than 3.84 million transactions during one complete day. The escalating interest in the network signifies an upward trend of utility that developers and users participating within the Shiba Inu ecosystem experience.
Infrastructure Expansion Continues
ShibariumScan reports that the network has established more than 10 million blocks while reaching 10,188,747 blocks in its current count. Network adoption continues to grow based on the expanding number of unique addresses, which has surpassed 191 million at present. The network has experienced a continuous rise in adoption and infrastructure development based on these numbers.
Looking ahead, Shibarium is expected to introduce support for custom Layer-3 rollups. These rollups will settle transactions on Shibarium and utilize BONE as the gas token, extending its functionality beyond standard utility use. This change will position BONE as a foundational asset for supporting multiple new chains.
Shibarium to Serve as Data Availability Layer
In addition to serving as a transaction layer, Shibarium will function as a data availability layer. This will enable rollup chains to store and access their data efficiently while operating independently but staying linked to the network. The system is designed to allow various chains to function in parallel under a shared modular ecosystem.
The rising activity on Shibarium has led the SHIB native token to suffer from decreased popularity. The price of Shibarium reached its highest point at $0.00001567 but users took profits out of their positions, leading to a market decrease. The market value of SHIB hit $0.0000125 which was restored as $0.0000128 when trading at a 3.61 percent decrease over one day. Recent positive weekly trends from Shiba Inu did not last because of a price correction that occurred.
