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Shiba Inu’s Layer-2 protocol Shibarium is under intense pressure to make an immediate impact on the meme coin ecosystem in regards to its potential adoption. Data from Shibarium Scan shows that the L2 protocol’s total daily transaction count skyrocketed from 9,230 on November 11 to 10,880 today.
An observable trend in this milestone is how the average block time has skyrocketed from the usual 5.0 to 5.1 seconds to 7.7 seconds. This shows that the more transactions logged on Shibarium, the more likely the TPS will skyrocket, a trend that can greatly impact its scalability potential.
Shibarium’s emergence as a Layer 2 platform hinged on the premise that it can make Ethereum more usable as a decentralized finance (DeFi) hub. While its first attempt was chaotic due to network congestion, its revival has been quite promising, but with one hurdle to overcome.
To reach its true potential, Shibarium developers will need to improve the flexibility of the TPS so that it does not increase irrationally with each jump in daily transaction growth. Shibarium should be designed so that your TPS remains stable or adjusts to a lower number when the network load exceeds what you are used to.
Shibarium milestones in the spotlight
Although Shibarium has its difficulties, it has also shown potential, as evidenced by the key milestones it has recorded since its inception.
The protocol has recorded a total transaction count of 3,904,747 and the total blocks produced have crossed the 1.62 million mark. For a relative newcomer in a niche with no infrastructure to achieve this volume is impressive and means a brighter future for Shiba Inu and its ecosystem in the face of a huge number of dApps that are projected to soon come to life on Shibarium.
Shytoshi Kusama has promised an impressive array of innovations and, with renewed optimism, the enigmatic community leader has assured everyone that SHIB is prepared for the next bull run.
