New Shibarium Milestone Inch Away: Details

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onclick='gEvent("copy","shareSlide");copyToClipboard(this)' aria-label="Copy link"></button> </div> </div> <div class="article__body"> <div class="article__main"> <div class="article__main-head"> <div class="article__short"> <div class="humble article__short-humble"> <div> <a href="/latest-cryptocurrency-news" hreflang="en">News</a> </div> </div> <div class="humble article__short-humble"> Sat, 23/11/2024 - 15:45 </div> </div> <div class="article__main-btns"> <div class="article__fontSize"> <div class="btn--light article__fontSize-toggle"></div> <div class="article__fontSize-menu"> <div class="article__fontSize-item"> <div class="article__fontSize-btn" data-size="article-small"></div> </div> <div class="article__fontSize-item"> <div class="article__fontSize-btn" data-size="article-medium"></div> </div> <div class="article__fontSize-item"> <div class="article__fontSize-btn" data-size="article-large"></div> </div> </div> </div> <div class="article__listen"> <audio class="article__listen-audio" src="/tts/?page=60000" preload="none"></audio> <button class="btn--light article__listen-btn" aria-label="Play/pause audio"></button> </div> </div> </div> <div class="article__img--wrap"> <img class="article__img" src="/sites/default/files/styles/736/public/2024-11/54174.jpg" alt="New Shibarium Milestone Inch Away: Details"> </div> <figcaption title="https://www.freepik.com/free-ai-image/stock-trading-workplace-background_81438615.htm#fromView=image_search_similar&page=1&position=2&uuid=e2dbffcb-d0c6-47ae-9ae7-3b2293e57326">Cover image via <a href="https://www.freepik.com/free-ai-image/stock-trading-workplace-background_81438615.htm#fromView=image_search_similar&page=1&position=2&uuid=e2dbffcb-d0c6-47ae-9ae7-3b2293e57326">www.freepik.com</a></figcaption> <div class="disclaimer"> <p class="disclaimer_text">Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.</p> </div> </div> <div class="article__gnews"> <a class="article__gnews-body" href="https://news.google.com/publications/CAAqBwgKMMy2lQsw3ZqrAw?hl=en-US&gl=US&ceid=US:en" target="_blank"> <div class="article__gnews-text">Read U.TODAY on</div> <div class="article__gnews-title">Google News</div> </a> </div> <div class="article__content"> <p dir="ltr"><a href="https://u.today/crucial-shibarium-update-launches-as-shib-gains-spotlight">Shibarium</a>, the Shiba Inu (SHIB) Layer-2 protocol, appears set to hit a new milestone amid sustained adoption in the crypto space. This adoption has led to an increase in the number of Shibarium wallet addresses.</p><p dir="ltr">As more users embrace the network, the number of wallet addresses has surged considerably and is now about to reach 1.9 million.</p><h2>Growing utility and network appeal</h2><p dir="ltr">According to <a rel="nofollow" target="_blank" href="https://www.shibariumscan.io/">data</a> from Shibariumscan, the total wallet address now is 1,899,389. This shows that with an additional 611 addresses, Shibarium would reach the 1.9 million milestone. This suggests the growing engagement within the Shiba Inu ecosystem.</p><p dir="ltr"><div class="article__related"> <div class="article__related-flame">Related</div> <div class="category-item"><a class="category-item__img-wrapper" href="https://u.today/33-trillion-shiba-inu-shib-support-losing-steam-whats-happening"><img alt="33 Trillion Shiba Inu (SHIB) Support Losing Steam: What's Happening?" class="category-item__img" src="https://u.today/sites/default/files/styles/300/public/2024-11/54138.jpg" width="240" height="136"></a> <div class="category-item__info"> <div class="category-item__head humble__row"> <div class="humble humble--time">Fri, 11/22/2024 - 12:29</div> </div><a class="category-item__title-link" href="https://u.today/33-trillion-shiba-inu-shib-support-losing-steam-whats-happening"> <div class="category-item__title">33 Trillion Shiba Inu (SHIB) Support Losing Steam: What's Happening?</div></a> <div class="category-item__footer"><a class="humble humble--author" href="/arman-shirinyan"><img class="humble__img" src="https://u.today/sites/default/files/styles/130x/public/2021-08/8992.jpg" alt="Arman Shirinyan">Arman Shirinyan</a></div> </div> </div> </div></p><p dir="ltr">The rising wallet address indicates that more users have joined the Shibarium network, suggesting that the Shiba Inu ecosystem has continued to grow an army of loyal community members.</p><p dir="ltr">Given that Shibarium supports native tokens such as SHIB, LEASH and BONE, the increasing number of wallet addresses could soon lead to increased activity.</p><p dir="ltr">For instance, this massive wallet count might increase token transactions, staking and governance decisions. All these could enhance the utility of the ecosystem’s tokens and improve the value of SHIB.</p><h2>Shibarium surpasses major block milestone</h2><p dir="ltr">Meanwhile, the wallets have been actively transacting; the total <a href="https://u.today/shibarium-to-hit-fresh-transaction-milestone-in-hours">transaction</a> volume currently stands at 551,059,737. Additionally, the daily transaction on Shibarium is 4.67 million, representing an average of more than 2.5 transactions per wallet.</p><p dir="ltr">As recently <a href="https://u.today/shibarium-close-to-major-block-milestone">reported by U.Today</a>, Shibarium was on track to hit a major total block milestone of 8 million blocks. As of this writing, the protocol has surpassed it, and the total number of blocks now registered is 8,032,699.</p><p dir="ltr"><div class="article__related"> <div class="article__related-flame">Related</div> <div class="category-item"><a class="category-item__img-wrapper" href="https://u.today/shibarium-to-hit-fresh-transaction-milestone-in-hours"><img alt="Shibarium to Hit Fresh Transaction Milestone in Hours" class="category-item__img" src="https://u.today/sites/default/files/styles/300/public/2024-11/53768.jpg" width="240" height="136"></a> <div class="category-item__info"> <div class="category-item__head humble__row"> <div class="humble humble--time">Fri, 11/08/2024 - 09:48</div> </div><a class="category-item__title-link" href="https://u.today/shibarium-to-hit-fresh-transaction-milestone-in-hours"> <div class="category-item__title">Shibarium to Hit Fresh Transaction Milestone in Hours</div></a> <div class="category-item__footer"><a class="humble humble--author" href="/godfrey-benjamin"><img class="humble__img" src="https://u.today/sites/default/files/styles/130x/public/2022-12/29301.jpg" alt="Godfrey Benjamin">Godfrey Benjamin</a></div> </div> </div> </div></p><p dir="ltr">This validates Shibarium's linear growth progression over the past year.</p><p dir="ltr">In the cryptocurrency market, SHIB has grown by 10.61% in the past 24 hours to <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/currencies/shiba-inu/">trade</a> at $0.00002739. SHIB’s market volume has soared by a massive 122.29% to $3.24 billion as the ecosystem experiences heightened interest.</p> </div> <div class="article__panel"> <div class="article__tags btns-spacer"> <a class="btn btn--hash-tag" href="/shibarium">#Shibarium</a> <a class="btn btn--hash-tag" href="/shiba-inu">#Shiba Inu</a> </div> </div> </div> </div> <div class="article__author -hr-"> <div class="article__author-label">About the author</div> <a class="article__author-user" href="/godfrey-benjamin"> <img width="224" height="140" alt="article image" src="https://u.today/sites/default/files/2022-12/29302.jpg" loading="lazy" class="article__author-img" /> <div class="article__author-name">Godfrey Benjamin</div> </a> <div class="article__author-desc"><p>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. 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