top partner

for CFD


Shibarium, Shiba Inu’s layer-2 blockchain, has seen a surge in activity with daily new contracts increasing by over 3,000%, indicating significant network growth.
The network has achieved milestones, such as over 1.5 million total blocks and nearly 1.3 million wallet addresses, suggesting increasing adoption and utility.
Experts believe that Shibarium’s progress, alongside factors like mass adoption, regulatory developments, and the coin’s burning program, which recently eliminated over 173 million tokens, could lead to a bull run for the SHIB token.

Developments surrounding the popular memecoin – Shiba Inu – keep making the headlines as recently, most of the advancements were focused on the layer-2 blockchain Shibarium.

According to Shibariumscan, daily new contracts on the network have skyrocketed by over 3,000%. Specifically, there were 34 such contracts on November 6, whereas the figure has risen to 1,058 the following day.

The L2 scaling solution officially went live at the end of August and smashed multiple milestones since then. For example, the number of total blocks has soared above 1.5 million, while wallet addresses are inching towards 1.3 million.

Those willing to learn more about Shibarium’s purposes and specifics could take a look at the video below:

Numerous experts and Shiba Inu officials have suggested that the further advancement of the network could propel a bull run for SHIB. 

Other factors that might also play a role include mass adoption, regulatory clarity, technological innovation, and the successful execution of Shiba Inu’s burning program.

The memecoin project witnessed a 20,000 burn rate spike on November 7, when more than 173 million tokens were removed from circulation.


The post This Bullish Shiba Inu Metric Shoots 3,000%, Could It Trigger SHIB Price Rally? appeared first on CryptoPotato.

Read the full story: Read More“>

Blog powered by G6

Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.

For any inquiries, please contact [email protected]