EddieJayonCrypto
11 Aug 25
The Shibarium network has processed over 1.5 billion transactions, with more than 267,000 unique addresses and nearly 12.5 million blocks generated. Designed to reduce fees, speed up transactions, and improve scalability for the Shiba Inu ecosystem, Shibarium could positively impact SHIB token price...
The Shibarium network has achieved a significant milestone by processing over 1.5 billion transactions to date. The number of unique addresses interacting with the network exceeds 267,000, while nearly 12.5 million blocks have been generated. Shibarium is engineered to lower transaction fees, speed up processing times, and enhance scalability for the Shiba Inu ecosystem. Experts believe that these advancements could positively influence the price of SHIB tokens. Notably, Bitcoin advocate Jeremie Davinci highlighted that Shibarium provides utility by enabling various applications to run on its chain, but the ecosystem currently lacks active usage and applications that incentivize token use. He suggests that solving this issue could propel Shiba Inu's value significantly higher.
Despite this technical progress, the SHIB token price remains in the red on a daily basis, trading around $0.00001313. However, several indicators hint at a potential upward trend. The token’s burn rate has surged by more than 150%, with approximately 750,000 SHIB tokens sent to a null address. While the dollar value of these burns is currently minimal, the ongoing removal of tokens from circulation could increase scarcity and boost value over time, assuming demand holds steady. Additionally, monitoring SHIB’s exchange netflow reveals that outflows have outpaced inflows during the past week, suggesting investors are moving holdings off centralized exchanges into self-custody wallets. This behavior typically diminishes immediate selling pressure and can be a bullish signal for price stability or growth.