Shiba Inu: Shibarium Set to Hit Big Utility Milestone


18 Sep 2023 4:45 PM

Shibarium triggers expectations as big utility milestone is set to be reached...

  • Shibarium, the Shiba Inu Layer-2 network, is approaching a significant utility milestone with nearly three million total transactions.
  • The daily transactions of Shibarium have shown a declining trend recently, but it is expected to reach the milestone in a few days.
  • Shibarium has achieved milestones such as 2,866,236 total transactions, 1,246,500 wallet addresses, and 695,663 total blocks since its relaunch in August.
  • The network utilization of Shibarium is currently low at 3.86%, indicating underutilization.
  • Lucie, a Shiba Inu team member, explains that Shibarium's contribution to Shib burns depends on its utilization, emphasizing the need for users to migrate from exchanges and start using Shibarium.

The article provides positive information about Shibarium's progress and potential for reaching a utility milestone. However, it also highlights the underutilization of the network.

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You May Ask

What is the current number of total transactions for Shibarium?How long is it expected to take for Shibarium to reach the desired milestone?What are some of the milestones achieved by Shibarium since its relaunch?What is the current network utilization of Shibarium?According to Lucie, what is necessary for initiating Shib burns in Shibarium?

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