The number of daily transactions on Shibarium, Shiba Inu’s Layer-2 blockchain solution, is steadily increasing, demonstrating the platform’s continuous usefulness.
Now, there are about 200,000 daily transactions, which is a respectable number for a protocol that is less than a month old.
On August 28, Shibarium was relaunched, according to Shiba Inu leader Shytoshi Kusama. Shibarium was running before this statement, however it was in a private mode. The announcement day witnessed 66,540 daily transactions on Shibarium.
The road has been on an increasing trend from the Aug. 28 launching date, with daily transactions presently stabilising at around to 200,000 since Sept. 11. On September 13, Shibarium recorded 200,880 daily transactions.
Given its present rate of growth, Shibarium’s future is still bright. Shibarium has received 2,533,656 total transactions, 1,245,793 wallet addresses, and 623,978 total blocks, according to the Shibarium scan.
At 21.68%, the network utilisation suggests that Shibarium may take on more workload than it is now handling without failing.
It should be remembered that the Layer-2 solution had its operations grown by over 1,500% days after Shibarium’s first debut, which saw it halt owing to a tremendous inflow of users, while steps were taken to assure its resilience should such insane traffic occur again.
The Shibarium block height is presently 626,656 according to information from the Shib.io website. There are 12 total validators, a Heimdall Block Height of 563,546, and a total stake of 27,121,209 BONE.
At the time of writing, SHIB has slightly increased in value over the previous day to $0.00000725.
