Summary
TLDR: Shiba Inu has outperformed Bitcoin and Ethereum this year, with its SHIB token price increasing by 246%. This milestone is attributed to the growing adoption of Shibarium, an Ethereum Layer 2 network, which has seen over 412 million transactions and over $2 million in assets locked. Developers are urging the community to increase network use for further growth and adoption.
Key Points
1. Shiba Inu has outperformed Bitcoin and Ethereum in terms of price performance this year, with SHIB token’s price skyrocketing by 246%.
2. The milestone was achieved amid the Shibarium network reaching a record number of transactions, solidifying its position in the blockchain industry.
3. The community’s adoption and use of Shibarium have been key factors in Shiba Inu’s price success, with the network exceeding 412 million transactions and showcasing resilience against other Layer 2 networks.