The Layer-2 blockchain of a well-liked meme coin has achieved a exceptional feat processing over 1 billion transactions since its inception in 2023.
The numerous milestone attained by Shibarium, the Layer-2 blockchain of Shiba Inu, may very well be a sign of the rising adoption of the token throughout the cryptocurrency area.
Shiba Inu Milestone: 1 Billion Transactions
Stories disclosed that in lower than two years, Layer-2 blockchain Shibarium has already made a mark within the crypto area after the token has processed its 1 billionth transaction.
Meme coin Shiba Inu solely launched Shibarium in August 2023 and 4 months earlier than celebrating its second anniversary, its transaction quantity has surpassed the 1 billion mark.
Analysts stated that Shibarium achieved the unbelievable feat of 1 billion transactions yesterday, March 31, noting that the Layer-2 blockchain was in a position to attain that degree after recording 4 million transactions day by day.
As of writing, Shiba Inu’s blockchain has reached the file degree with a present transaction quantity of over 1.001 billion.
Market observers believed that Shibarium’s achievement urged that the blockchain can deal with excessive transaction volumes, which they attributed to the token’s robustness and the lively participation of the blockchain neighborhood.
Sooner Than Bitcoin
Crypto analysts stated that different blockchains like Bitcoin and Ethereum have already processed greater than a billion transactions. Nonetheless, they famous that what makes Shibarium’s achievement stand out is the velocity at which it reached that exceptional feat.
Market observers in contrast Shibarium with different established blockchains that attained the identical mark. They defined that Shibarium’s journey to achieve 1 billion transactions is exclusive as a result of the Layer-2 blockchain achieved it sooner than the opposite blockchains.
For instance, Bitcoin wanted 15 years to succeed in 1 billion transactions, whereas Shibarium did it in lower than two years.
Over 193 Milion Addresses
Apart from the milestone in transactions, the favored L2 blockchain additionally has greater than 193.93 million blockchain addresses which have interacted with Shibarium because it was launched in 2023.
In line with Shibariumscan, Shiba Inu’s blockchain community boasted a complete of 10.23 million mined blocks, with a median block time of 5.0 seconds.
The Layer-2 blockchain was launched on August 16, 2023, after posting its first transaction. Early in its operation, the Shibarium confronted technical points that put it offline for 2 weeks after it was launched. It went on-line once more in late August 2023 and has been operational ever since.
Featured picture from Gemini Imagen, chart from TradingView