Shibarium Metrics Surge Despite Crypto Market Downturn
Shibarium, a L2 scaling solution by Shiba Inu, has experienced a significant increase in adoption despite the ongoing crypto market turmoil.
The network’s daily transaction activity has reached 416.86 million, with a spike in December 2023.
Since its mainnet launch in August 2023, the number of wallets has reached 1.78 million, and the network has minted a total block of 4.26 million at an average block time of 5.0 seconds.
The number of Shibarium accounts has crossed the 100,000 milestone, with 100,694 registered accounts. The total value locked across all Shibarium-based decentralized finance platforms is around $2.64 mn, with WoofSwap accounting for $1.75 mn.
Users have delegated over 22 million BONE tokens to Shibarium, with ShibArmy America being the top validator with 5.5 mn BONE staked.
(With inputs from Shikha Singh)
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