Shiba Inu’s Layer 2 solution, Shibarium, has impressively produced 500,000 blocks in little over a week since its introduction, as seen by Shibariumscan, achieving a key milestone.
Shibarium, however, has also broken other records in such a short amount of time. Shibarium has quickly risen to fame and has already broken several records. As a result, the Shiba Inu network has more than 1.18 million addresses, demonstrating its extensive use in the cryptocurrency community. It is even more incredible that the network previously exceeded the desired one million transaction threshold and that this figure is still rising, having increased by an extra 20%.
Investigating the protocol’s performance further yields fascinating information. Over 7,000 coins and 9,000 smart contracts are now available on Shibarium, with 305 of them being confirmed. This rich ecosystem demonstrates the platform’s capacity for development and expansion.
Block by block
Shibarium is distinguished by one of its unique qualities: its quick block manufacturing. Impressively, blocks develop every five seconds on average. Over 17,000 new blocks are typically made every day, but there can occasionally be swings, as was the case yesterday when production fell to only a third of its average output.
Shibarium has established itself as a powerful participant in the Shiba Inu ecosystem and wider blockchain scene because to its quick growth and impressive statistics. Shibarium is clearly on the verge of becoming a force to be reckoned with as it continues to set records and draw attention from the public, portending bright prospects for the SHIB ecosystem’s future.
