Shibarium Unveiled: Elevating Shiba Inu’s Transaction Efficiency and Scalability
Shibarium, a second-layer scaling solution developed for the cryptocurrency Shiba Inu, has made its debut. Engineered to enhance transaction efficiency and scalability within the Shiba Inu ecosystem, the platform has already processed over 334 million transactions and attracted 1.35 million wallet addresses.
With an impressive block time of just 5 seconds and virtually zero gas fees, Shibarium showcases outstanding productivity and cost-effectiveness. Additionally, its daily transaction volume has reached a notable figure of 2.46 million.
A Closer Look at Shibarium Statistics
Approximately 332.613 million transactions have been handled, with a slightly higher average block time at 49.581 seconds. The platform has processed a total of 15,004 contracts, indicating robust development activity on Shibarium.
The total number of accounts stands at 63,225, supporting a diverse array of 8,979 tokens. These figures affirm the core system’s capability to accommodate various applications and distinctive tokens.
Shiba Inu’s Performance Overview
Shiba Inu continues to demonstrate resilience and growth, currently priced at $0.000008903, reflecting a 1.77% increase over the past day according to CoinGecko. This performance helps maintain its market capitalization at $5.25 billion, securing its position at 18th place among cryptocurrencies.
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In comparison to other meme coins, Shiba Inu stands out prominently in the market. While Dogecoin (DOGE), its closest competitor, boasts a market capitalization of over $11 billion, Shiba Inu surpasses newcomers like Bonk (BONK) and Pepe (PEPE) with market capitalizations of $634 million and $381 million, respectively.
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