Summary
TLDR: Shibarium, a layer-2 blockchain for Shiba Inu (SHIB), has reached over 3 million transactions in just two months, showing increased user engagement. This could impact the price of SHIB, with potential for a 21% surge if a breakout occurs. Additionally, the Shiba Inu ecosystem is expanding with the introduction of NFTs and utility tokens.
Key Points
1. Shibarium, a layer-2 blockchain tailored for the Shiba Inu (SHIB) meme coin, has achieved significant milestones with over 3 million total transactions in just two months, indicating expanding utility and user engagement.
2. The platform has experienced a surge in daily transactions, reaching 3 million, which is a peak not seen since January 28. The number of wallets engaging with Shibarium has also grown to 1,358,320, showing broader adoption of the platform.
3. The increase in Shibarium’s Total Value Locked (TVL) and the anticipation around SHEboshis non-fungible tokens (NFTs) and KNINE utility tokens have contributed to the recent growth of the Shiba Inu ecosystem. Investors are closely monitoring these milestones as they may impact the price of the Shiba Inu (SHIB) coin, potentially leading to a breakout with a surge of over 21%.