Shiba Inu (Shiba) news

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.

READ MORE Shiba Inu (SHIB) Faces Critical Juncture as Market Dynamics Shift

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.

Important Notice: Disclaimer Regarding Financial Advice
The information presented in this article is intended solely for informational purposes and should not be considered as financial advice. disclaims any responsibility for investment decisions made by individuals relying on the information provided herein. It is highly recommended to consult with a qualified professional or financial advisor before making any investment decisions. Your financial well-being is crucial, and seeking expert guidance ensures that your investment choices align with your individual financial goals and risk tolerance.

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