tl;dr
Shibarium, Shiba Inu's layer-2 blockchain solution, has experienced significant growth since its launch, processing millions of transactions and blocks while increasing wallet adoption. The protocol has undergone upgrades for better performance, wallet compatibility, faster processing, and a token-b...
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Shibarium has experienced significant growth since its launch, processing millions of transactions and blocks while steadily increasing wallet adoption. The protocol has introduced upgrades for better performance, wallet compatibility, faster processing, and a token-burning mechanism to reduce SHIB supply and potentially increase value. Shiba Inu’s layer-2 blockchain solution officially went live in August, aiming to reduce transaction fees, improve speed, and enhance scalability. The protocol has hit milestones, with over 500 million transactions processed and over 8 million total blocks. Wallet addresses are close to reaching 2 million, and several upgrades have been implemented, including a new user interface, quicker block processing times, and a burning mechanism.
Shibarium’s development is seen as a key factor that could trigger a price resurgence for Shiba Inu, with the token’s price currently up nearly 4% and trading at around $0.00002493. The departure of Gary Gensler as Chairman of the US Securities and Exchange Commission has sparked a major bull run among altcoins, with Ripple’s XRP being one of the biggest gainers. The community expects a quick settlement and less uncertainty in the legal battle between Ripple and the SEC.
TL;DR
- Shibarium has shown significant growth since its launch, processing millions of transactions and blocks while steadily increasing wallet adoption.
- The protocol has introduced upgrades for better performance, wallet compatibility, faster processing, and a token-burning mechanism to reduce SHIB supply and potentially increase value.
ANOTHER TARGET REACHED
Shiba Inu’s layer-2 blockchain solution officially went live in August. It aims to reduce transaction fees, improve speed, and enhance scalability. The protocol hit milestones with over 500 million transactions processed and over 8 million total blocks. Wallet addresses are close to reaching 2 million, and several upgrades have been implemented, including a new user interface, quicker block processing times, and a burning mechanism.
Shibarium’s development is considered one of the key elements that could trigger a price resurgence for Shiba Inu, with the token’s price up nearly 4% on a daily scale and currently trading at around $0.00002493. The community expects positive market movements for altcoins following Gary Gensler’s decision to step down as Chairman of the US Securities and Exchange Commission.
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