Given the successful release of the Layer 2 Shibarium blockchain at the beginning of the week, Shiba Inu is now experiencing an incredible week.
Shibarium was live and functioning smoothly, according to a final scaling update made by Shiba Inu head Shytoshi Kusama at the very beginning of the week. Kusama also attested to the Shibarium-ETH bridge’s functionality.
As per typical, when fresh market events occurred, whales or huge holders moved their cash in the manner that was anticipated.
Shiba Inu inflows increased by a staggering 1,173% in the days after the Shibarium relaunch, according to statistics from IntoTheBlock. The IntoTheBlock Large holdings Inflow statistic monitors money entering addresses associated with whales or large holdings.
On August 31, over 4.35 trillion SHIB poured into whale wallets, causing Shiba Inu to experience significant inflows. This was a factor in the sharp increase of big holder inflows.
On August 31, an unidentified SHIB whale shifted over $38 million worth of tokens in an unusual transaction. A total of $4,642,530,677,374 SHIB worth $38,057,145 was exchanged between unidentified wallets, according to cryptocurrency data tracker Whale Alert.
Shibarium attracts 1 million wallets
Shiba Inu’s Layer 2 blockchain, Shibarium, has surpassed a tremendous adoption milestone with over 1 million wallets.
This information is brought up by Shibarium1, a member of the Shiba Inu team, who also adds that Shibariumscan, the blockchain explorer, has a new appearance.
According to the most recent statistics from blockchain explorer Shibariumscan.io, which reveals that there are already 1,005,459 interacting wallets, the Shibarium network is seeing astounding growth.
Additionally, the number of transactions on Shibarium has significantly increased. The network has completed 418,693 blocks and 765,912 transactions altogether.
