Key Takeaways
Shibarium, Shiba Inu’s Layer 2 network, crosses 1 million wallet addresses.
Over 700,000 transactions have been completed on the network.
Despite rapid adoption, the SHIB token faces potential price volatility.
Shiba Inu’s Layer 2 network, Shibarium, has crossed a significant threshold, boasting over 1 million wallet addresses and completing more than 770,000 transactions as of September 2, 2023. The data comes from Shibariumscan, the Shibarium network’s official block explorer. The milestone follows an announcement by Shiba Inu’s lead developer, Shytoshi Kusama, confirming that the Shibarium mainnet and its cross-chain bridges became fully operational on August 28, 2023.
Shibarium’s Strategy with Scalability Concern
Shibarium, a fork of Polygon, initially grappled with scalability issues. The network’s fail-safe mode was activated due to an unprecedented surge in user activity shortly after its launch. “Nearly…
