Shiba

Ethereum

Kusama

Shiba Inu

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<p dir="ltr">Shibarium, the Ethereum-based layer-2 scaling solution of the Shiba Inu ecosystem, has printed a major milestone on its mainnet.&nbsp;<a href="https://www.shibariumscan.io/" rel="noopener noreferrer nofollow">Per</a> data insights from Shibariumscam, Shibarium's total blocks have surpassed seven million. Per actual figures, this block count figures comes in at 7,101,728, a milestone breached after the sharp upticks recorded at intervals during the month.</p>
<h2 id="shibarium-stats-at-glance">Shibarium stats at glance</h2>
<p dir="ltr">Many metrics define the&nbsp;<a href="https://u.today/shibarium-hits-all-time-high-ath-in-this-defi-metric" rel="noopener noreferrer nofollow">growth and evolution</a> of the Ethereum layer-2 protocol. Over the past year, its average block time has soared from 4.0 to its current 5.0, proof of slower throughput.</p>
<p dir="ltr">However, the total transaction count has been steadily climbing, reaching 418,292,669. In a corresponding shift, total wallet addresses have topped 1,823,000. Shibarium has recorded a mix of upgrades and adoption in the past few months. However, most fundamental updates hardly translate into actual Shibarium or SHIB price metrics.</p>
<p dir="ltr">Earlier this month, Shiba Inu unveiled plans to launch the SHI stablecoin. This update triggered a rally in the price and daily transaction count of SHIB, but the growth was short-lived.&nbsp;</p>
<p dir="ltr">The on-chain data showed that daily&nbsp;<a href="https://u.today/shibarium-transactions-spike-267-in-days-shib-price-reacts" rel="noopener noreferrer nofollow">Shibarium transactions</a> have dropped from 11,230 as of Sept. 27 to 3,190 today. This lack of uniformity in Shibarium's growth metrics marks a bearish twist that stakeholders must watch.</p>
<h2 id="shiba-inu-in-mix">Shiba Inu in mix</h2>
<p dir="ltr">Overall, the Shibarium outlook has a major bearing on the performance of the underlying token. As of press time, Shiba Inu has pared its gains in the past week. It is changing hands for $0.00001822, down by 7.81% in 24 hours. Over the past week, the token has increased by more than 36%, underscoring that buyers are largely in charge.</p>
<p dir="ltr">It is hard to predict how Shiba Inu’s core growth metrics will perform in the long term. However,&nbsp;<a href="https://u.today/shytoshi-kusama-hints-coming-weeks-will-be-interesting-for-shib" rel="noopener noreferrer nofollow">Shytoshi Kusama</a> and the SHIB team are always unveiling new partnerships, projects and services, so investors will always have reasons to bet on the token.</p>

Shiba Inu's L2 Shibarium Breaks Crucial Milestone

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