Shiba Inu, the dog-themed cryptocurrency, and Shibarium, its layer 2 scaling solution, have achieved notable milestones, reflecting growing interest and adoption of the Shiba Inu ecosystem.
Shiba Inu, the dog-themed cryptocurrency, and Shibarium, its layer 2 scaling solution, have achieved notable milestones, reflecting growing interest and adoption of the Shiba Inu ecosystem.
Shiba Inu’s price, market capitalization, and trading volume have skyrocketed in the past week, with prices jumping approximately 300% to reach highs of $0.00004575 on March 5 before falling. Shiba Inu’s profitability increased before remaining at 72% at the time of publication.
According CoinMarketCap According to data, SHIB, the Shiba Inu’s native cryptocurrency, is currently trading at $0.0000332, up 0.85% in the last 24 hours.
Shiba Inu has erased some of its weekly gains and is currently up 21.72% in the last 24 hours. During the price surge, Shiba Inu re-entered the top 10 cryptocurrencies, a feat it still maintains today. Shiba Inu is now the 10th largest cryptocurrency, with a market capitalization of 19.64 billion.
Accompanying the massive price increase is an increase in SHIB addresses, so the cryptocurrency has reached a new milestone.
According In the block The data, total addresses, which refers to all addresses ever created and that at one point had SHIB, including those that still have it, has reached a new high of 3.88 million. Of these, 1.29 million currently hold SHIB and have a SHIB balance.
Shibarium breaks TVL milestone
Shibarium, Shiba Inu’s layer 2 solution, has seen phenomenal growth since its launch in late August 2023. Shibarium’s latest milestone was achieved in terms of TVL, which remains near record peaks.
On March 5, when Shiba Inu catapulted to highs of $0.000045, the total value locked for Shibarium reached a new high of $2.25 million.
Shibarium currently has a total value locked of $1.8 million, according to DefiLlama Statistics. According to Shibarium Scan Explorer, Shibarium’s total transactions are now 406,253,484. The total blocks have reached 3,618,856 and the wallet addresses are at 1,374,155.
