{"id":27053,"date":"2024-12-09T19:19:49","date_gmt":"2024-12-09T19:19:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=27053"},"modified":"2024-12-09T19:19:49","modified_gmt":"2024-12-09T19:19:49","slug":"shiba-inus-shibarium-reaches-a-new-milestone-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=27053","title":{"rendered":"Shiba Inu\u2019s Shibarium Reaches a New Milestone: Details"},"content":{"rendered":"

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

Shibarium has processed over 500M transactions and introduced key upgrades to boost the Shiba Inu ecosystem.
\nAnalysts suggest Shibarium\u2019s progress could be one of the factors sparking a SHIB rally.<\/p>\n

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

Shibarium Keeps Progressing<\/h2>\n

Shiba Inu\u2019s layer-2 scaling solution officially launched in August last year. Since then, it has achieved numerous milestones. As <\/span>CryptoPotato<\/span><\/em> reported<\/span><\/a> in November, the total number of transactions processed on the protocol has surpassed 500 million.\u00a0<\/span><\/p>\n

According to the latest data, the number of wallet addresses also reached a psychological level, <\/span>crossing<\/span><\/a> 2 million. <\/span>Total blocks are <\/span>on the way of tapping<\/span> an impressive peak<\/span>, too<\/span>, currently standing at approximately 8.3 million.<\/span><\/p>\n

Shibarium\u2019s ultimate goal is to foster the development of the Shiba Inu ecosystem by improving speed, reducing transaction costs, and enhancing scalability. Over the past several months, the network underwent several upgrades.<\/span><\/p>\n

In April, the team\u00a0<\/span>launched\u00a0<\/span><\/a>a new user interface (UI) update, describing it as \u201cfaster, smoother, and more accessible than ever.\u201d The development improved compatibility with popular self-custody wallets such as MetaMask, Coinbase Wallet, Trust Wallet, and more.<\/span><\/p>\n

Shortly after, the team <\/span>introduced<\/span><\/a> an update through a hard fork to empower the community of developers and innovators and implement quicker block processing times.<\/span><\/p>\n

Shibarium also <\/span>adopted<\/span><\/a> a burning mechanism. While the effort differs from the original program, its goal is the same: to reduce the tremendous circulating supply of Shiba Inu (SHIB) tokens, potentially making them more valuable via scarcity.<\/span><\/p>\n

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

Some analysts believe Shibarium\u2019s advancement could trigger a rally for the popular meme coin. SHIB has charted substantial gains in the past month but is down around 7% in the past 24 hours. Its underperformance coincides with a broader correction of the entire digital asset market.<\/span><\/p>\n

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

Bitcoin (BTC) dropped<\/a> below $100K, while ETH plunged to $3,800. Other well-known cryptocurrencies recording losses today (December 9) include Cardano (ADA), Binance Coin (BNB), Ripple (XRP), Dogecoin (DOGE), and many more.<\/span><\/p>\n

However, some market observers believe SHIB\u2019s recent downtrend could be soon replaced by another bull run.<\/span> X user Whales HQ <\/span>claimed<\/span><\/a> the token is \u201con the verge of a massive breakout.\u201d\u00a0<\/span><\/p>\n

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

TL;DR Shibarium has processed over 500M transactions and introduced key upgrades to boost the Shiba Inu ecosystem. Analysts suggest Shibarium\u2019s progress could be one of the factors sparking a SHIB rally. Shibarium Keeps Progressing Shiba Inu\u2019s layer-2 scaling solution officially launched in August last year. Since then, it has achieved numerous milestones. As CryptoPotato reported […]<\/p>\n","protected":false},"author":0,"featured_media":27054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27053","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\/27053"}],"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=27053"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/27054"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}