After overcoming initial setbacks, Shibarium, an Ethereum (ETH) layer-2 (L2) network backed by Shiba Inu (SHIB) tokens, has experienced a remarkable surge in metrics. With over 820,000 new wallet addresses and more than 90,000 daily transactions, Shibarium has demonstrated its appeal to users seeking faster, cheaper, and more private off-chain transactions while leveraging the security of the underlying Ethereum blockchain. Shibarium Emerges Strong Shibarium operates as a layer-2 network built on the Ethereum blockchain, aiming to enable faster, more cost-effective, and privacy-focused off-chain transactions while leveraging Ethereum’s security features. Related Reading: Bitcoin Freefall Alert: On-Chain Metrics Expose Vulnerability, Targets $23,000 The recent increase in Shibarium’s metrics carries significant implications for the Shiba Inu project and its native token, SHIB. Furthermore, the growing number of wallet addresses and daily transactions within the network indicates an expanding user base and increased interest in the SHIB token. On the same note, the rapid growth of Shibarium’s user base demonstrates its potential to enhance scalability and drive wider adoption of the Shiba Inu project. By addressing Ethereum’s scalability limitation ..
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