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Shiba Inu: Shibarium reaches new milestone by processing 4 million transactions on the network

Fast Take
  • Shibarium reached yet another new milestone recently
  • The network reached a new record in transaction volume
  • Shibarium surpassed the 4 million transaction mark
image: SHIBARIUM
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O shibarium, the layer 2 blockchain network of Shiba Inu (SHIB), reached another new milestone recently, reaching a new record in transaction volume.

The network registered a new historical record (ATH) by surpassing the 4 million transaction mark, according to data from Shibariumscan explorer, em November 21st. At the time of publication, the survey shows that the total number of transactions is 4.009.983.

The data observed highlights the continued great growth of the network's user base blockchain layer 2 Shiba Inu.

It is worth noting that the substantial growth of Shibarium, the Shiba Inu Layer 2 blockchain, experienced significant milestones even just a few months after its official release.

The team behind the official Shiba Inu (SHIB) account announced on November 16 that the Layer-2 Shibarium solution has achieved a new milestone by becoming one of the top five most active networks on the NOWNodes platform.

At the time of publication, the Shiba Inu price was quoted at US$0,00000821, down 4.5% in the last 24 hours. The cryptocurrency recorded a trading volume of US$151.781.674 in this same period.

Read also   Cardano on the rise: Blockchain increases 38% in volume

Shibarium Boosts Inflow of Large Shiba Inu Owners

O Shiba Inu project (SHIB), has shown progress in 2023. With their eyes wide open, investors following the movement of the 'whales' noticed a colossal jump of 1.600% in the net flow of these large holders. For those who are not in the know, this data is a kind of thermometer that measures the heat of transactions, adding the entries and subtracting the exits from the 'heaviest' addresses on the network.

When talking about net positive flow, it's as if whales are blowing bubbles of optimism to the surface. They dive deep and emerge with more SHIB in their 'portfolios', indicating that they are accumulating more of the asset. On the other hand, if this number goes downhill, it is a sign that whales may be lightening their portfolios.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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