Fun

Shiba Inu Smashes Records—1 Billion Transactions And Counting

News Feed - 2025-04-02 08:04:56

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


The Layer-2 blockchain of a popular meme coin has achieved a remarkable feat processing over 1 billion transactions since its inception in 2023.


The significant milestone attained by Shibarium, the Layer-2 blockchain of Shiba Inu, could be an indication of the growing adoption of the token within the cryptocurrency space. Related Reading Could XRP Actually Reach $10,000? Expert Weighs In 1 day ago Shiba Inu Milestone: 1 Billion Transactions


Reports disclosed that in less than two years, Layer-2 blockchain Shibarium has already made a mark in the crypto space after the token has processed its 1 billionth transaction. 


Meme coin Shiba Inu only introduced Shibarium in August 2023 and four months before celebrating its second anniversary, its transaction volume has surpassed the 1 billion mark. Source: ShibariumScan


Analysts said that Shibarium achieved the incredible feat of 1 billion transactions yesterday, March 31, noting that the Layer-2 blockchain was able to reach that level after recording four million transactions daily.


As of writing, Shiba Inu’s blockchain has reached the record level with a current transaction volume of over 1.001 billion.


Market observers believed that Shibarium’s achievement suggested that the blockchain can handle high transaction volumes, which they attributed to the token’s robustness and the active participation of the blockchain community. Faster Than Bitcoin


Crypto analysts said that other blockchains like Bitcoin and Ethereum have already processed more than a billion transactions. However, they noted that what makes Shibarium’s achievement stand out is the speed at which it reached that remarkable feat.


Market observers compared Shibarium with other established blockchains that attained the same mark. They explained that Shibarium’s journey to attain 1 billion transactions is unique because the Layer-2 blockchain achieved it faster than the other blockchains. SHIB market cap currently at $7.5 billion. Chart: TradingView


For example, Bitcoin needed 15 years to reach 1 billion transactions, while Shibarium did it in less than two years.  Over 193 Milion Addresses


Aside from the milestone in transactions, the popular L2 blockchain also has more than 193.93 million blockchain addresses that have interacted with Shibarium since it was introduced in 2023.


According to Shibariumscan, Shiba Inu’s blockchain network boasted a total of 10.23 million mined blocks, with an average block time of 5.0 seconds.  Related Reading Pepe Whale Triggers Panic, Dumps 150 Billion Tokens As Price Falls 1 day ago


The Layer-2 blockchain was launched on August 16, 2023, after posting its first transaction. Early in its operation, the Shibarium faced technical issues that put it offline for two weeks after it was launched. It went online again in late August 2023 and has been operational ever since. 


Featured image from Gemini Imagen, chart from TradingView

News Feed

Marc Cuban wallet dumps NFTs, market volume drops 45%: Nifty Newsletter
Ezra Reguerra4 hours agoMarc Cuban wallet dumps NFTs, market volume drops 45%: Nifty NewsletterMarc Cuban has offloaded some NFTs, while overall NFT sales volume dropped by 45% in Q2.2210 Total views2 Total sharesListen
New Crypto and Blockchain Association Launches in Iran
New Crypto and Blockchain Association Launches in Iran A recently established crypto industry association in Iran has commenced activities under the country’s chamber of com
Google to Require Government Authorization to Provide Advertising Services for Financial Products in Spain
Google to Require Government Authorization to Provide Advertising Services for Financial Products in Spain Google, the web search and software monolith, has announced that it will
Players Can Now Win an HTC Exodus 1 Phone on Bitcoin Games
Players Can Now Win an HTC Exodus 1 Phone on Bitcoin Games Bitcoin Games is now offering players to win some extra crypto and an HTC Exodus 1 smartphone, just in time for Black F
Bitcoin activity drops to lowest level since 2010
Yohan Yun14 hours agoBitcoin activity drops to lowest level since 2010The lack of retail participation is suspected of dropping Bitcoin wallet activities as celebrity memecoins attract speculators away from more establis
William Suberg20 hours agoBitcoin UTXOs echoing March 2020 ‘black swan’ crash — New researchBTC price performance may be weathering a storm not seen since COVID-19 sparked a 60% drawdown three-and-a-half years ago.
$931 Million Bitcoin On The Move: Mt. Gox Sparks Market Jitters
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
An In-Depth Look at Olympus DAO Protocol and the Not-So-Stable Stablecoin OHM
An In-Depth Look at Olympus DAO Protocol and the Not-So-Stable Stablecoin OHM In mid-October, Bitcoin.com News reported on how decentralized finance (defi) or algorithmic stablecoi
Tristan Greene5 hours agoEU parliament votes overwhelmingly in support of DAC8 crypto tax reporting ruleThe measure received 535 votes for with 57 against and 60 abstentions in a plenary session.2000 Total views43 Total
Aethir launches decentralized cloud network on Ethereum mainnet
Josh O"Sullivan10 hours agoAethir launches decentralized cloud network on Ethereum mainnetAethir’s launch on the Ethereum mainnet brings attention to the role DePINs can play in the future of Web3 and a more decentrali
Arijit Sarkar3 hours agoBinance to launch Thai exchange in joint venture with local energy giantCrypto services from Binance and Gulf Energy’s joint venture, Gulf Binance, will initially be available to Thai residents
Chainlink integration adds transparency to 21Shares Ether ETF
Zoltan Vardai10 hours agoChainlink integration adds transparency to 21Shares Ether ETFThe integration aims to create more transparency for 21Shares’ Ether ETF, which could create more trust among investors.1309 Total v