According to current statistics, Shibarium, the layer-2 scaling solution for the Shiba Inu blockchain, is progressing.
Users of a recently released transaction scanner may now search by address, transaction hash, block, or token using Shibariumscan.io.
Shytoshi Kusama, the chief developer of the Shiba Inu game, has declared Shibarium “ready for prime time.”
The platform has completed over 712,000 transactions across 408,484 blocks, according to the most recent data, with an average block time of 5.0 seconds.
The ecosystem also has 822,231 wallet addresses, or close to 1 million, with a 1.91 Gwei petrol tracker at the moment.
Shibarium and DeFiLlama
Shibarium is a relatively new cryptocurrency, but according to information provided by DeFiLlama, a well-known DeFi protocol tracker, its total value locked (TVL) is already estimated to be $1.18 million.
With various rates of daily and weekly changes, DogSwap, MARSWAP, WoofSwap, Woof Finance, and Shibex are now the top projects by TVL in the ecosystem.
Shibarium’s path thus far hasn’t been altogether straightforward, despite the upbeat indicators. As previously mentioned, the mainnet encountered technical difficulties, including problems with its cross-chain bridge locking up Ethereum and its RPC going unavailable. The price of Shiba Inu momentarily fell as a result of these technological problems. Furthermore, Shiba Inu as a whole has recently endured what locals refer to as “FUD attacks”—scare tactics intended to undermine investor trust.
Shibarium has clearly advanced since its recent inception, striking a balance between hope and prudence.
