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Shiba Inu (SHIB) Hits Major Record Again, Shibarium Sentiment at Play?

Thu, 08/03/2023 - 13:03
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Godfrey Benjamin
Meme coin Shiba Inu has recorded massive growth in its total address count
Shiba Inu (SHIB) Hits Major Record Again, Shibarium Sentiment at Play?
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The Shiba Inu (SHIB) ecosystem has continued to print additional milestones with just a few days left for the launch of Shibarium on the mainnet. According to an update shared earlier by the official Twitter handle of the protocol, as backed by data from crypto analytics platform IntoTheBlock (ITB), the total number of wallet addresses resident on the Shiba Inu network has hit a new all-time high (ATH).

Per the data, there are now a total of 3.51 million addresses on Shiba Inu, a figure that has been on a constant uptrend since the protocol was introduced about three years ago. Per the data, there are a total of 2.27 million addresses with zero balances on the network, while addresses with domiciled funds in them are pegged at 1.24 million.

Shiba Inu (SHIB) Giveaway Announced, Here's What It's For

Shiba Inu Address Count
SHIB Addresses. Source: IntoTheBlock

The growth in the number of wallet addresses did not come as a surprise in any way, seeing as the meme coin has been growing in popularity in recent times. The launch of Shibarium on testnet has undoubtedly solidified interest in the Shiba Inu ecosystem, as it introduces a whole new utility that users in the broader decentralized ecosystem can relate to.

Shibarium boost

As noted, Shibarium has served as a major catalyst to the growth of the total addresses on Shiba Inu  as preceded by momentous records in the Puppynet testnet. After the broad success of Puppynet, the community is now gearing up for the mainnet launch, slated to go live at the forthcoming Blockchain Futurist Conference in a few days.

Shibarium Smashes New Milestone as Exciting Times on Horizon

Many people are backing Shiba Inu in a bid to be among the first beneficiaries of whatever perks might be reserved for early supporters of the Shibarium protocol. The positive sentiment around Shibarium has notably accounted for the record milestone being celebrated today.

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About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on, Cryptonews and Coingape, among others.