Shibarium, the Layer-2 blockchain linked to Shiba Inu, has achieved significant milestones, marking its continued growth in the cryptocurrency space. Recent statistics from Shibariumscan indicate that the network has now processed over 600 million transactions and surpassed 2 million unique wallets. These accomplishments highlight the rising adoption of Shibarium within the decentralized finance (DeFi) ecosystem.
Over the past month, the blockchain has experienced a notable surge in user activity, attracting crypto enthusiasts who are actively exploring its decentralized protocols. This upward trajectory led to a milestone where wallet interactions with the network exceeded 2 million. The Shiba Inu community, known for its active engagement, celebrated this achievement across social media platforms, commending the collective commitment that contributed to Shibarium’s progress.
Current data reflects that Shibarium now hosts 2,002,531 wallets, demonstrating its growing popularity. Alongside this, the blockchain has recorded a remarkable increase in transaction volumes, surpassing the 600 million mark to stand at 618.2 million transactions. This growth has been particularly pronounced over the last month, as network activity escalated sharply.
On November 5, Shibarium’s total transaction count was approximately 465.2 million. In the span of just over a month, this figure surged by 32.69%, reaching 617.3 million. Daily transaction volumes on the platform average around 4.73 million, signaling high levels of activity and consistent user demand.
Record TVL and Rising Network Demand
Shibarium has also experienced growth in its Total Value Locked (TVL), a key metric reflecting the value of assets secured within its protocols. On December 5, the network recorded its highest-ever TVL, hitting $10.4 million. This achievement was primarily driven by several platforms operating within Shibarium’s ecosystem.
K9 Finance DAO emerged as the leading contributor with $4.49 million in TVL, followed by ShibaSwap, which secured $3.97 million. Other notable contributors include WoofSwap, with $1.16 million, and ChewySwap, which added $610,279 to the network’s total value.
User accounts on the platform also grew substantially during the same period. The number of accounts increased by 14.52% within a month, rising from 184,194 to 210,953. This growth underscores the increasing interest and participation in Shibarium’s ecosystem.
At the same time, the platform’s gas usage, which serves as an indicator of network demand and activity, has seen a significant rise. Between November 7 and the latest update, Shibarium’s total gas usage surged from 13.56 trillion to 18.52 trillion units. This sharp increase highlights the expanding utilization of the network in a relatively short timeframe.
A Growing Presence in the Blockchain Space
The recent achievements of Shibarium, from record-breaking transaction volumes and wallet growth to its highest-ever TVL, underline its emerging importance in the blockchain landscape. The network’s consistent progress reflects the efforts of a robust ecosystem and a dedicated user base that continues to drive adoption.
Shibarium’s success demonstrates its ability to handle growing demand while maintaining high levels of engagement. The combination of increasing transactions, expanding user accounts, and rising value locked positions the Layer-2 network as a key player within the broader crypto and DeFi sectors.
The growth trajectory of Shibarium highlights both its technical capabilities and the commitment of the Shiba Inu community. As the platform continues to scale, its milestones indicate strong potential for further adoption and expansion in the rapidly evolving blockchain space.
