Shiba Inu's Blockchain Has Reached Two Important Milestones

Shiba Inu's blockchain has now reached two important milestones in terms of the number of active wallets and the number of transactions. Shibarium, the official blockchain of the Shiba Inu ecosystem, has recently reached two significant milestones, indicating its increasing popularity in the cryptocurrency space. According to the latest data from Shibariumscan, Layer-2 blockchain has exceeded 600 million transactions and surpassed 2 million unique wallets. In the past month, user engagement on Shibarium has surged as more individuals flock to the platform to explore various decentralized finance (DeFi) protocols. This increase in activity is evident when the number of wallets interacting with the blockchain reaches an impressive milestone of 2 million. Official Shiba Inu accounts have officially celebrated this achievement on X, emphasizing the dedication and enthusiasm of the community. As of now, Shibarium has recorded 2,001,471 active wallets. In addition to the milestone wallet, the transaction volume of Shibarium has also grown significantly, recently reaching a total of 617,132,427 transactions. It is noteworthy that user activity surged on November 5, when the trading volume reached approximately 465.2 million. Since then, this number has surged by 32.69%, indicating a strong growth rate in daily operations, currently averaging about 4.75 million transactions. Shibarium not only excels in the number of wallets and transactions but also achieves many other notable achievements. On December 5, the total value locked (TVL) on this platform reached an all-time high of $10.4 million, with K9 Finance DAO leading the way with $4.49 million. Other DeFi protocols, including ShibaSwap, WoofSwap, and ChewySwap, respectively contribute $3.97 million, $1.16 million, and $610,279 to the TVL. Moreover, the number of user accounts on Shibarium has increased by 14.52% in the past month, rising from 184,194 to 210,953. The demand for the network has also surged, as evidenced by the total volume of gas used, which has surged from 13.56 trillion on November 7 to 18.52 trillion today. These impressive statistics reflect a significant increase in user interaction and activity on Shibarium, reinforcing the company's position as a prominent player in the Layer 2 blockchain space.