Shiba Inu (SHIB) Transaction Volume Crosses 10M

Shiba Inu’s Shibarium Hits 10M Transaction Volume Milestone

The total number of Puppynet Shiba Inu Shibarium transactions has been seen over the 10 million mark, a sign of massive adoption and usage among community members.

Shibarium is an Ethereum based layer 2 solution built for the Shiba Inu ecosystem. Although the mainnet is not ready, the team made its Puppynet test network available to the public several weeks ago.

According to Puppyscan, Puppynet has completed 10.3 million transactions and processed 921,214 blocks as of press time. The average block time is 5 seconds, and the network’s wallet addresses are over 15 million.

Shiba Inu Shibarium Details (Source: Puppy scan)

Meanwhile, the network’s daily transactions have increased since mid-May. The network has averaged more than 300,000 daily transactions since May 12.

Over 3 billion SHIB burned

Meanwhile, the increase in network activity means more utility for Shiba Inu and an increase in SHIB’s burn rate. Over the past seven days, more than 3 billion SHIB tokens have been burned, according to Shibburn data.

The SHIB supply has decreased slightly due to the burns in recent weeks, although it is still over 589.3 trillion tokens.

Provision of SHIB
SHIB Supply (Source: Shibburn)

Community Twitter Wants to Integrate Integration

The Shiba Inu community has encouraged Twitter’s new CEO, Linda Yaccarino, to integrate the sign into the network and offered support to help make this happen.

A prominent figure in the ShibArmy community, Ragnar Shib, tweeted, “Any problem with @Shibtoken with twitter let us know. We have the most loyal, helpful and largest community in the crypto world.”

Although there is no certainty about integration, the community is excited that Yaccarino follows SHIB’s official account and other crypto projects.

SHIB Price Performance

Meanwhile, Shiba Inu’s price is down 18% over the past 30 days and is trading for $0.00000872 as of press time, according to Topcripto data. IntoTheBlock’s data also showed that most holders are currently at a loss.

The price performance is surprising considering the range of activities and developments within its ecosystem.

SHIB Price Performance
SHIB Price Performance (Source: Topcripto)

However, despite the rise of newer memecoins like PEPE, Shiba Inu remains a popular digital asset on the crypto market.

Denial

Adhering to Trust Project guidelines, Topcripto is committed to unbiased, transparent reporting. This news article aims to provide accurate and timely information. However, readers are advised to independently verify facts and consult a professional before making any decisions based on this material.

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