Shibarium, the Layer-2 scaling solution dedicated to the Shiba Inu cryptocurrency, has achieved a remarkable milestone by surpassing three million blocks in its recent development journey.
This achievement is underlined by the platform’s impressive statistics, showcasing over 332.896 million transactions and garnering 1.35 million wallet addresses.
One of the notable features of Shibarium is its outstanding performance metrics, including an average block time of just 5 seconds and practically zero gas fees, emphasizing its efficiency in both throughput and cost-effectiveness. Additionally, the platform’s daily transaction volume has surged to an impressive 2.46 million.
The growing popularity of Shibarium is further underscored by a remarkable 254% surge in new account activity over a concise three-day period.
This surge has propelled the total number of contracts to 15,004, highlighting the robust development activities taking place on Shibarium. At present, the platform supports an extensive range of 8,979 tokens and boasts a total account count of 63,225.
Shibariumscan has reported a substantial increase in daily new accounts, surging from 24 on February 1 to 61 on February 3, bringing the cumulative total to an impressive 63,162. Such a surge in network usage often indicates potential price movements in related cryptocurrencies.
Interestingly, it’s worth noting that the primary cryptocurrency within the Shibarium ecosystem is not SHIB but BONE. BONE serves crucial roles, including usage in gas tolls and validator stakes, and stands to potentially benefit from the surge in account activity. At the time of reporting, the token’s market capitalization had seen a 0.63% increase.