{"id":20101,"date":"2024-11-13T08:13:06","date_gmt":"2024-11-13T08:13:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=20101"},"modified":"2024-11-13T08:13:06","modified_gmt":"2024-11-13T08:13:06","slug":"shiba-inus-shibarium-hits-an-important-milestone-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=20101","title":{"rendered":"Shiba Inu\u2019s Shibarium Hits an Important Milestone: Details"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Shibarium keeps making the headlines, with numerous indicators rising to record levels.<\/span>
\nDespite the protocol\u2019s progress, Shiba Inu\u2019s price is in the red today (November 13), dropping by approximately 17%.<\/p>\n

<\/a><\/h2>\n

The Major Achievement<\/span><\/h2>\n

Shiba Inu\u2019s layer-2 scaling solution has witnessed increased activity lately. Daily transactions on the network have been in the millions since the start of the month, with total transactions <\/span>hitting<\/span><\/a> 500 million on November 12, as the pseudonymous Marketing Strategist of Shibarium noted on X.<\/span><\/p>\n

Shibizens, cheers to 500 million transactions on Shibarium!<\/p>\n

Half a billion and counting\u2014keep it going!#Shibarium<\/a> \u2013 $BONE<\/a> pic.twitter.com\/NpQKUP3fXe<\/a><\/p>\n

\u2014 (@LucieSHIB) November 12, 2024<\/a><\/p>\n\n

Other Shibarium metrics close to reaching huge milestones are total blocks (7.8 million) and wallet addresses (almost 1.9 million).<\/span><\/p>\n

The protocol officially went live<\/a> in August 2023. Its <\/span>main<\/span> purpose is to foster the development of the Shiba Inu ecosystem by reducing transaction fees, improving speed, and enhancing scalability.<\/span><\/p>\n

Shibarium\u2019s team has unveiled several upgrades to optimize functionality over the past several months. In April, it <\/span>launched<\/span><\/a> a new user interface (UI) update, describing it as \u201cfaster, smoother, and more accessible than ever.\u201d\u00a0<\/span>It aims to improve compatibility with popular self-custody wallets such as MetaMask, Trust Wallet, Coinbase Wallet<\/span>, and others<\/span>.<\/span><\/p>\n

Shortly after, the developers <\/span>introduced<\/span><\/a> an update via a hard fork to implement quicker block processing times and empower the SHIB community.\u00a0<\/span>Last <\/span>but not least<\/span>, Shibarium <\/span>embraced<\/span><\/a> a burning mechanism called \u201cBurn Portal.\u201d <\/span>Its ultimate goal (similar to the original program) is to reduce the tremendous supply of SHIB tokens and <\/span>potentially<\/span> boost their valuation through scarcity.<\/span><\/p>\n

SHIB Price Outlook<\/span><\/h2>\n

The advancement of Shibarium is considered one of the crucial elements that could positively impact the price of Shiba Inu.<\/span><\/p>\n

While the popular meme coin has been at the forefront of gains in the last week, it experienced a substantial correction in the past 24 hours. Currently, SHIB is worth around $0.0000243, representing a 17% daily decline.<\/span><\/p>\n

<\/a>SHIB Price, Source: CoinGecko<\/p>\n

Its underperformance <\/span>coincides<\/span><\/a> with an overall pullback of the entire meme coin niche. Dogecoin (DOGE) is down 9%, <\/span>dogwifhat<\/span> (WIF) has plunged by 8%, while Pepe (PEPE), Popcat (POPCAT), Brett (BRETT), and Neiro (NEIRO) have nosedived by double digits.\u00a0<\/span><\/p>\n

The post Shiba Inu\u2019s Shibarium Hits an Important Milestone: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Shibarium keeps making the headlines, with numerous indicators rising to record levels. Despite the protocol\u2019s progress, Shiba Inu\u2019s price is in the red today (November 13), dropping by approximately 17%. The Major Achievement Shiba Inu\u2019s layer-2 scaling solution has witnessed increased activity lately. Daily transactions on the network have been in the millions since […]<\/p>\n","protected":false},"author":0,"featured_media":20102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-20101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/20101"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20101"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/20101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/20102"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}