Shiba Inu Could Reach: Since starting in August 2023, the Shibarium network, which is a type of blockchain made for the Shiba Inu system, has become really popular. Lots of transactions have happened, reaching hundreds of millions, and more and more projects are being made on the network.
The Shibarium network keeps growing really fast. It doubled its users in less than three months.
Since starting in August 2023, the Shibarium network, which is a type of blockchain designed for the Shiba Inu ecosystem, has become very popular. Lots of transactions have happened, reaching hundreds of millions, and more projects are being made using this network.
Earlier this week, the Shibarium network counted more than 63,000 total accounts. This shows that the number of user accounts has doubled since the beginning of December, when there were about 30,000 accounts.
Shibariumscan shows how many accounts are connected to the network. These accounts are called externally owned accounts and each has its own private key. This helps measure the number of users on the network.
Looking at the information above, we see that Shibarium has quickly gained many users in the blockchain industry. People are joining because they like that it offers low fees for transferring tokens and using decentralized apps (dApps) within the Shiba Inu ecosystem.
Developers Also Double Down on Shibarium
Apart from more people using it, the Shibarium network is also seeing a big rise in the number of smart contracts made by developers. Smart contracts are like the basic building blocks for many decentralized apps. They carry out specific tasks automatically when certain conditions are met by users.
Since December 1, Shibarium has made 749 new smart contracts. At least two new contracts are added to the network every day during this time, and the most added in one day was 59 on January 21.
As more people start using Shibarium, the price of Shiba Inu (SHIB) is likely to go up because developers are getting rid of some tokens that users spend on gas fees. The team has already destroyed more than 43.55 billion tokens, and they plan to destroy even more to make the prices go higher.
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