Shibarium's Layer-2 blockchain is rapidly approaching a major milestone — 1 billion total transactions

Shiba Inu's Layer-2 blockchain, Shibarium, is rapidly approaching a major milestone — 1 billion total transactions.

Shiba Inu's Layer-2 blockchain, Shibarium, is rapidly approaching a major milestone - 1 billion total transactions. According to data from ShibariumScan, the network has already processed over 992 million transactions, with just under 8 million to go.

The surge in activity is clear, with 3.84 million transactions recorded in the last 24 hours, signaling more people are engaging with the network.

Shibarium's progress goes beyond transactions. The network has now surpassed 10 million total blocks, reaching 10,188,747, and the number of total addresses stands at 191.6 million. These figures highlight the increasing adoption and use of the Shiba Inu ecosystem.

Attention is also turning to Shibarium's future developments. Plans are to transform the platform into a Layer-3 roll-up hub, allowing developers to deploy custom rollups that will settle on Shibarium. These rollups will use BONE as gas, reinforcing its role as a key utility token.

Furthermore, Shibarium aims to be a data availability layer, supporting several chains running in parallel and interconnected in a modular, scalable framework.

In other news, Shiba Inu's price (SHIB) has seen volatility. After reaching a high of $0.00001567, SHIB has encountered three days of price declines due to profit-taking activity. At the time of writing, SHIB trades at $0.0000128, showing a 3.61% decrease over the last 24 hours and nearly erasing its weekly gains.

Despite this setback, Shibarium's momentum underscores its role in the broader Shiba Inu ecosystem and may factor into investors' long-term outlook. As Shibarium nears the 1 billion transaction milestone, it continues to emerge as a key player in the development of Layer-2 blockchain technology.