No, Shiba Inu is not on his way to the moon yet. The road remains strewn with disappointments for SHIB fans, but Shytoshi Kusama's team has not said its last word. As always, a trump card is up the sleeve: Shibarium. This layer 2, intended to revolutionize the Shiba Inu ecosystem, continues to progress, recently reaching an impressive new milestone with more than 430 million transactions processed. Decryption.
Shibarium continues to surprise SHIB traders
Despite a desertion of investors, Shibarium, the Shiba Inu scaling solution launched last year, has experienced a rapid rise with millions of daily transactions and an ever-growing user base. However, after a lull over the past two quarters, the network has picked up momentum in recent days. On October 22, 23 and 24 alone, nearly 10 million transactions were recorded.
This renewed activity made it possible to cross a new direction with a total of transactions exceeding 430 million.
To summarize this dynamic, the figures speak for themselves:
- Over 430 million total transactions;
- Nearly 2 million active crypto wallets;
- More than 7.5 million blocks processed.
These statistics demonstrate thecontinued enthusiasm for this L2 scaling solutiondespite the turbulence in the altcoin market. Shibarium adoption comes with constant improvements, with updates aimed at making the user experience ever smoother.
Shiba Inu: traders awaiting a revival for memecoin
If Shibarium has reached a new milestone, SHIB investors are not yet celebrating. The crypto-meme remains down 6% over the past weekdespite positive developments in infrastructure.
Moreover, the general sentiment on the market remains pessimistic: according to Santiment, SHIB was among the 10 cryptos most affected by bearish narratives on October 23a day when the overall market underwent a notable correction.
However, some analysts see this ambient pessimism as an opportunity: “ Markets often go against majority expectations, which could pave the way for an unexpected rally for those who choose to buck the trend. »
Traders therefore hope a rebound in the price of Shiba Inu, stimulated by the advances of Shibarium and efforts to boost the ecosystem.
To conclude, this is not the first time that Shiba Inu layer 2 stands out. At the end of September, Shibarium had already exploded the counters with more than 7 million blocks processed and a sharply increasing burn rate.
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