Business
Data offered by Shibarium Explorer revealed that overall transactions on the layer-2 blockchain solution have reached almost two million.
Recall that the community constructed on Ethereum that aims to increase transaction velocity, decrease prices, and elevate Shiba Inu above its rivals went are living approximately two weeks ago.
Business Shibarium Eyes a Contemporary Milestone
According to the entity, the exact total number of daily transactions on Shibarium (as of the moment) stands at 1,951,468.
The number of mined blocks has already surpassed the 500K milestone and is inching closer to 600,000, whereas the wallet addresses hit over 1.1 million and continue rising.
The aforementioned numbers near much less than a month after the L2 scaling solution saw the light of day. It’s far considered a key part of a broader plan that aims to position Shiba Inu as a leading blockchain mission by decreasing prices and bettering transaction velocity.
Business Most SHIB Holders are Underwater
Despite Shibarium’s launch and the sure information surrounding it, the designate of Shiba Inu (SHIB) has been on a downtrend in the past few weeks. The memecoin currently trades at approximately $0.00000710, a 12% decline compared to the pick 14 days ago (per CoinGecko’s data).
As CryptoPotato reported earlier today, the designate decline has affected the majority of SHIB holders. An analysis by IntoTheBlock showed that only 11% of such traders are currently sitting on unrealized profit.
The situation is rather similar when observing other memecoin holders, together with those that have disbursed funds in Floki Inu (FLOKI), Dogelon Mars (ELON), or Pepe (PEPE).
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