Shiba Inu’s Layer-2 Blockchain Shibarium Achieves One Billion Transactions
Shiba Inu’s Layer-2 blockchain Shibarium has reached an incredible milestone as it officially processes its one billionth transaction. According to reports, this feature was attained by recording a daily transaction count of 4 million.
At press time, Shibarium’s total transaction volume had reached 1,002,008,504, recorded a total block of 10,236,117, and had 193,941,765 total addresses. Also, the total number of accounts found on Shibarium is more than 248,608. However, only 917 are active. Mathematically, this is an 89.01% decline compared to the previous day, which had 8,346 active accounts. As we discussed earlier, the Shiba Inu investors have also crossed 1.5 million.
Source: Shibariumscan
How Shibarium Stands Against Bitcoin
With Shibarium achieving this milestone in less than two years of operation, industry experts have highlighted that this feat underscores Shiba Inu’s community active participation, the network’s sustainability, and the overall robustness of the ecosystem.
According to our research, Shibarium was launched on August 16, 2023. The network has been in operation since then. Compared to Bitcoin and Ethereum, which have all processed more than 1 billion transactions, Shibarium only needed 593 days to achieve this mark. To appreciate this better, it is important to note that it took Bitcoin 15 years to achieve this milestone.
Shiba Inu is also expected to see more participation as the team unveils another major update – the Shibarium Token Asset Repository. As previously mentioned in our report, this feature would increase the visibility of tokens within the ecosystem.
Lucie, a Shiba Inu marketing lead, has also confirmed that the new update would redefine the ecosystem as token holders would have the ability to share photos and important data across different networks including Puppynet, Ethereum, and Sepolia.
Shiba Inu (SHIB) Price Analysis
SHIB has been struggling recently to hold above a crucial support level as it has declined by 3.9% in the last seven days and 38% in the last 90 days. However, the asset is making an attempt to bounce back from its current level as it surged by 5% in the last 24 hours to trade at $0.0000129.
Earlier, a TradingView analyst identified as “The Hunters_Company” hinted that the asset could be preparing for a bullish breakout. Basing his prediction on historical data, the analyst highlighted that SHIB’s movement within a falling wedge pattern came to an end in early 2024. However, the asset took a nosedive to find support at a key price range, presenting an important entry point for investors.
According to him, SHIB currently faces a crucial resistance level at $0.00001693. Breaking this barrier would send the price to $0.00002485. However, he believes that this point marks a mid-level performance. Per his observation, SHIB can hit $0.00004022 and subsequently move to $0.00007380 on a good cycle.
The second quarter of 2025 (Q2 2025) is expected to be a great period for the asset as the ecosystem prepares for the launch of SHIB Pay. However, experts estimate a 14% decline for the asset in June, as outlined in our recent blog post.