Shibarium Crosses 700 Million Transactions Milestone, Launches Token Asset Repository Update

Shiba Inu’s Layer 2 solution, Shibarium, has now crossed a major milestone with over 700 million transactions processed on the network. This marks a significant achievement for the network, which has quickly become a central part of the Shiba Inu ecosystem.

In another development, Shiba Inu has also rolled out a new update with the launch of the Shibarium Token Asset Repository. This new feature is designed to enhance the visibility of tokens within the ecosystem, allowing owners to showcase their tokens more effectively across the Ethereum, Sepolia, Shibarium, and Puppynet networks.

Shibarium’s Milestone: 700 Million Transactions

Shibarium has been rapidly expanding its network since its launch. According to Shibascan, the network has now processed 730,134,884 transactions, highlighting the scalability of the Layer 2 solution.

The total number of wallet addresses on the network has also reached 1,889,804, and the daily transactions now average 4.7 million. This milestone marks a substantial achievement in the journey of Shibarium, showcasing its technical capabilities and strong community adoption.

Shibarium developer Kaal Dhairya celebrated the achievement, stating: “Shibarium just fetched 500 million transactions—proof of pack is unstoppable. Here’s to more tail-wagging milestones ahead.” The Shiba Inu community has been closely following the perkembangan of the network with excitement as it continues to grow.

Shiba Inu Marketing lead Lucie took to her X account to announce the new update on the Shibarium:

The Shibarium Token Asset Repository is here to redefine the SHIB ecosystem as we venture further into the future.

With this update, token holders are now able to share photos and relevant data throughout the Ethereum, Sepolia, Shibarium, and Puppynet networks, ultimately simplifying the presentation of token data.

Each network will now have its folder for token images, making updates easier and enhancing visibility.

This update is likely to have a significant impact on the Shiba Inu ecosystem. By centralizing the management of tokens, this feature provides a streamlined mechanism for tokens to gain exposure. As the Shiba Inu ecosystem continues to expand, this feature positions Shibarium as a key tool for future development.

Shiba Inu Community Reaction

The Shiba Inu community has been abuzz with excitement following the latest update from the team. Lucie, a member of the Shiba Inu team, shared the news on X (formerly Twitter), sparking discussions and celebration among the community members.

On the market side, Shiba Inu saw a massive 50% surge in price, briefly pushing its market cap back above $13 billion. While the price has dipped slightly since then, SHIB remains up 2.7% on the week, showing resilience in a volatile market.

With the new Token Asset Repository live and Shibarium hitting 700 million transactions, Shiba Inu is clearly gaining momentum. This update adds another layer of utility to the ecosystem, which could help drive further adoption and growth.