{"id":565043,"date":"2023-12-12T22:00:09","date_gmt":"2023-12-12T22:00:09","guid":{"rendered":"https:\/\/uniquehot.com\/?p=565043"},"modified":"2024-06-11T14:43:08","modified_gmt":"2024-06-11T14:43:08","slug":"shiba-inu-news-shibarium-hits-another-major-milestone","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-news-shibarium-hits-another-major-milestone\/","title":{"rendered":"Shiba Inu News: Shibarium Hits Another Major Milestone"},"content":{"rendered":"

Shibarium, the Ethereum-based layer 2 blockchain solution from the <\/span>Shiba Inu team<\/span><\/a>, has achieved yet another major milestone, showcasing growing strength within the platform.<\/span><\/p>\n

Shiba Inu Shibarium’s Latest Important Milestone<\/span><\/h2>\n

The Shiba Inu layer 2 platform has recently crossed a significant milestone in terms of total transactions processed as total <\/span>transactions<\/span><\/a> have increased dramatically over the past few weeks.<\/span><\/p>\n

According to <\/span>Shibariumscan<\/span><\/a> – the network tracker, Shibarium has crossed over 90 million transactions performed in the platform since its introduction. Data from the network tracker shows that the number is currently sitting at approximately 90,677,816 as of the time of writing.<\/span><\/p>\n

Related Reading: Shibarium Transactions Sees 4,400% Explosion, Time For SHIB And BONE ATH?<\/a><\/div>\n

It is noteworthy that since December 2, the Shiba Inu blockchain has continuously maintained a whopping average of 7.5 million daily transactions. Currently, the total number of daily transactions revealed by the network’s tracker is totaled at 7.84 million transactions.<\/span><\/p>\n

The network’s activity appears to be growing significantly, reaching major milestones over the past few weeks. Earlier this month, the total number of transactions in Shibarium was sitting at 66 million, indicating over 35% increase since this month.<\/span><\/p>\n

Data from Shibariumscan also revealed an uptick in the network’s total blocks and wallet addresses. Shibarium’s total number of blocks is approximately 2,077,814, while the total number of wallet addresses is 1,305,042.<\/span><\/p>\n

This kind of surge in transactions means that millions of <\/span>BONE<\/span><\/a> tokens were spent on transaction fees. As a result of this, it prepares the stage for the much-anticipated <\/span>Shiba Inu token<\/span><\/a> burn.<\/span><\/p>\n

However, despite the recent surge in transactions, the Shiba Inu burn rate is still down in the past 24 hours. According to <\/span>Shibburn<\/span><\/a>, the SHIB token burn rate is down by 91% over the past 24 hours.<\/span><\/p>\n

It is worth noting that Shiba Inu recently saw its highest burn rate ever since the initiative was introduced. Last week, the project saw an astounding 7,686,774% increase in burn rate, destroying about 8.35 billion SHIB tokens.<\/span><\/p>\n

Shibarium Migrates To Sepolia Network<\/span><\/h2>\n

Last week, Shiba Inu <\/span>announced<\/span><\/a>\u00a0that Shibarium will be adopting the Sepolia network. The team pointed out that Shibarium Puppynet will be moved from the Goerli Network to the Sepolia Network.<\/span><\/p>\n

The goal of this adjustment is to be in line with more effective and scalable infrastructures, according to the team. Additionally, the transition will pave the way for more advanced solutions.<\/span><\/p>\n

Related Reading: Shiba Inu Set To Establish A New Era For Shibarium Burns<\/a><\/div>\n

Furthermore, the move is not merely a transition, but an upgrade that will enable a more efficient and user-friendly environment. This is because of the growing demands of the blockchain community, particularly in fields such as NFTs and DeFi.<\/span><\/p>\n

Sepolia provides a testing environment that is more stable and controlled, precisely replicating the <\/span>Ethereum<\/span><\/a> mainnet’s features and functionalities. Due to this, developers are guaranteed access to a dependable and consistent platform for testing their dApps and smart contracts. T<\/span>he team asserted that this strategic shift will become live on December 15, 2023.<\/span><\/p>\n

\"Shiba
SHIB trading at $0.0000096 on the 1D chart | Source: SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Shibarium, the Ethereum-based layer 2 blockchain solution from the Shiba Inu team, has achieved yet another major milestone, showcasing growing strength within the platform. Shiba Inu Shibarium’s Latest Important Milestone The Shiba Inu layer 2 platform has recently crossed a significant milestone in terms of total transactions processed as total transactions have increased dramatically over the past few weeks. According to Shibariumscan – the network tracker, Shibarium has crossed over 90 million transactions performed in the platform since its introduction. Data from the network tracker shows that the number is currently sitting at approximately 90,677,816 as of the time of writing. Related Reading: Shibarium Transactions Sees 4,400% Explosion, Time For SHIB And BONE ATH? It is noteworthy that since December 2, the Shiba Inu blockchain has continuously maintained a whopping average of 7.5 million daily transactions. Currently, the total number of daily transactions revealed by the network’s tracker is totaled at 7.84 million transactions. The network’s activity appears to be growing significantly, reaching major milestones over the past few weeks. Earlier this month, the total number of transactions in Shibarium was sitting at 66 million, indicating over 35% increase since this month. Data from Shibariumscan also revealed an uptick in the network’s total blocks and wallet addresses. Shibarium’s total number of blocks is approximately 2,077,814, while the total number of wallet addresses is 1,305,042. This kind of surge in transactions means that millions of BONE tokens were spent on transaction fees. As a result of this, it prepares the stage for the much-anticipated Shiba Inu token burn. However, despite the recent surge in transactions, the Shiba Inu burn rate is still down in the past 24 hours. According to Shibburn, the SHIB token burn rate is down by 91% over the past 24 hours. It is worth noting that Shiba Inu recently saw its highest burn rate ever since the initiative was introduced. Last week, the project saw an astounding 7,686,774% increase in burn rate, destroying about 8.35 billion SHIB tokens. Shibarium Migrates To Sepolia Network Last week, Shiba Inu announced\u00a0that Shibarium will be adopting the Sepolia network. The team pointed out that Shibarium Puppynet will be moved from the Goerli Network to the Sepolia Network. The goal of this adjustment is to be in line with more effective and scalable infrastructures, according to the team. Additionally, the transition will pave the way for more advanced solutions. Related Reading: Shiba Inu Set To Establish A New Era For Shibarium Burns Furthermore, the move is not merely a transition, but an upgrade that will enable a more efficient and user-friendly environment. This is because of the growing demands of the blockchain community, particularly in fields such as NFTs and DeFi. Sepolia provides a testing environment that is more stable and controlled, precisely replicating the Ethereum mainnet’s features and functionalities. Due to this, developers are guaranteed access to a dependable and consistent platform for testing their dApps and smart contracts. The team asserted that this strategic shift will become live on December 15, 2023. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":563968,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[86713,54512,1946,82423,83668,83667,87680,88130,84558],"class_list":["post-565043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-bone","tag-defi","tag-ethereum","tag-nfts","tag-shib","tag-shiba-inu","tag-shibarium","tag-shibburn","tag-shibusdt"],"acf":[],"yoast_head":"\nShiba Inu News: Shibarium Hits Another Major Milestone<\/title>\n<meta name=\"description\" content=\"Shibarium, the Ethereum-based layer 2 blockchain solution of Shiba Inu, has achieved yet another major milestone.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. 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