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Shiba Inu's Shibarium Skyrockets: Triples in Size in Just 24 Hours

Wed, 08/30/2023 - 09:34
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Gamza Khanzadaev
Shiba Inu's most hyped Layer 2 solution eyes jaw-dropping 300% surge in 24 hours
Shiba Inu's Shibarium Skyrockets: Triples in Size in Just 24 Hours
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In an astonishing turn of events, Shiba Inu's Shibarium has achieved an unprecedented feat by tripling its size within the last 24 hours. The highly anticipated network has demonstrated remarkable growth figures, propelling it into the spotlight once again.

Here's How Shibarium Bridge Works When Sending ETH: Source

Recent data from the explorer reveals that the Shibarium network has rapidly amassed an astounding 300,000 addresses, marking an exponential surge from the 100,000 addresses reported just yesterday by U.Today. This staggering threefold growth in a single day highlights the network's meteoric rise and the fervor surrounding it.

Beyond the impressive address count, the network's transaction activity is skyrocketing. The Shiba Inu network has already witnessed an unwavering surge, with transaction numbers soaring to a remarkable 520,000. Furthermore, the node validators, responsible for processing blocks, have diligently executed a staggering 370,000 blocks within a span of a few days, boasting an average processing time of five seconds per block.

Source: Shibariumscan

A noteworthy development within this thriving ecosystem is the introduction on the side of Unification, the pioneering blockchain start-up responsible for the construction of Shibarium. In a recent stride, Unification successfully activated its node, enabling individuals desiring participation in the Shiba Inu network to delegate their BONE tokens for staking purposes.

Shibarium Receives Major Boost as Shiba Inu (SHIB) Partner Launches Own Validator Node

The resilience and exponential growth of Shibarium and the Shiba Inu ecosystem at large stand as a testament to its ability to overcome initial hurdles. What began as a somewhat uncertain launch has now blossomed into a display of triumph and progress, reflecting the SHIB community's unwavering confidence in the project's potential.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.