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Shiba Inu's Shibarium records new ecosystem milestone; Understand

Fast Take
  • Shibarium's Substantial Growth Has Experienced Significant Milestones
  • The Layer-2 Shibarium solution has become one of the five most active networks on the NOWNodes platform
  • It is worth noting that Shibarium is driving the flow of large SHIB holders
Shiba Inu whales increase trading volume by 266%
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The substantial growth of shibarium, the blockchain Shiba Inu Layer 2 has experienced significant milestones even just a few months after its official launch.

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.

"Wow! Reaching new heights Shibarium has just entered the Top 5 most active networks on NOWNodes and we are just getting warmed up,” the team wrote.

 

NOWNodes highlighted that, as Shibarium enters the Top 5 most active networks on the platform, there is an increase in the Shibarium RPC Node's usability capabilities. “This is a necessary step to welcome more requests and calls and integrate partners with greater volume”, stressed.

It should be noted that the Shibarium is driving the flow of large Shiba Inu keepers. The Shiba Inu (SHIB) project has shown progress in 2023. With 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.

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Why Is Shiba Inu Cryptocurrency Still Worth It in 2023?

A Shiba Inu, a cryptocurrency that quickly went from being a simple meme coin to becoming one of the favorites in the crypto community, it is once again making headlines. This time, the focus is far from its humorous side: it is Shibarium, its innovative blockchain of layer 2.

Recent data from Shibariumscan, a respected data source, indicates an impressive increase in Shibarium network activity. On November 6, the network registered 34 new contracts. In one day, that number jumped to 1.058, marking unprecedented growth.

Since its launch in late August, Shibarium has consistently broken barriers. The total number of blocks exceeded 1,5 million, highlighting the robustness and scalability of the network. Wallet addresses are almost reaching 1,3 million, a clear sign of growing adoption and engagement in the Shiba Inu community.

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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