The blockchain at Layer-2 As the readings of its key parameters keep hitting new highs, the usefulness of shibarium keeps growing. In terms of utility, shibarium has set a number of stunning new benchmarks in the last five days.
Meanwhile, the SHIB price dropped again, adding another zero, after failing to break over the barrier level of $0.00001004.
Shibarium reaches epic milestones
Shibarium has added an incredible amount of transactions over the last five days, according to the Shibariumscan explorer. It started out at 223,929,052 on Saturday, Dec. 30, and has now increased to 256,620,883. That is a 33 million transfer surge in less than a week. Of those, 254.704 million transactions have been confirmed thus far; the remaining transactions are still awaiting completion.
The overall number of blockchain wallets linked to this network is the second significant Shibarium measure that showed growth. After adding almost 6,000 wallets, it hit 1,326,849 and is presently at 1,320,704.
In addition, there have been more daily transactions on Shibarium than there were on Wednesday, when it dropped to 4.37 million from 7.84 million at the end of December. The cumulative daily transaction count is 6.19 million as of the time this article is written, reflecting a two-day rise.
SHIB fails to hold away from new zero
The second-largest meme-inspired cryptocurrency, SHIB, has made a few efforts to reclaim the $0.00001 level that it lost due to Bitcoin’s 7% drop, following the dramatic 14% price decline that it suffered on Wednesday.
SHIB lost out on the chance as a 3% decline eclipsed its 9.94% rise. The well-known meme currency is trading at $0.00000970 as of this writing.
An article released by Matrixport that made predictions and said it expected the SEC would reject all spot Bitcoin ETFs for the time being was the reason behind the decline of the price of Bitcoin. This led to a massive number of liquidations in the bitcoin market right after, eliminating holdings worth $730 million.
The creator of the Shibarium-friendly PawZone marketplace recently told U.Today that he thinks SHIB or PAW spot ETFs may be introduced to the market when a Bitcoin ETF is approved.
