Shiba Inu Layer-2 Scaling Solution Shibarium Surpasses Major Milestone as $SHIB Price Soars

Shiba Inu’s layer-2 scaling solution, Shibarium, has achieved a significant milestone by processing over 400 million transactions since its launch. Shibarium is designed to enhance the Shiba Inu ecosystem by providing faster and more cost-effective transactions. Data from Shibariumscan reveals that the layer-2 scaling solution has processed these transactions across 3.54 million blocks, with over 1.36 million wallet addresses created on the network. Daily transaction volumes on Shibarium have fluctuated between 1.3 million and over 4 million in recent weeks. This achievement comes at a time when the price of the Shiba Inu meme-inspired cryptocurrency has been skyrocketing, increasing by over 160% in the past week and more than 245% in the last 30 days, benefiting from a broader rally in the cryptocurrency market. Notably, a cryptocurrency whale recently shifted their portfolio from a popular meme-inspired cryptocurrency that experienced a 900% increase in value over the past year to invest in SHIB. This move resulted in a gain of $3.49 million and involved diversifying holdings into various cryptocurrencies, including 75.9 billion Shiba Inu tokens valued at approximately $893,000. The investor’s strategic shift indicates a belief in the potential for significant upside in SHIB compared to their previous investment.