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Shibarium adds over 36,000 wallets a day since launch

source-logo  finbold.com 19 September 2023 15:18, UTC

In little over a month since the launch of Shibarium, the layer 2 blockchain created by the developers of the Shiba Inu (SHIB) ecosystem, it has already attracted massive interest, not just in terms of transactions but also in regard to the number of new wallets added.

Specifically, Shibarium has added 1,246,666 cryptocurrency wallets since its inception, which means that it has been growing larger by roughly 36,667 new addresses every day, according to the latest data obtained by Finbold from the Shibariumscan explorer on September 19.

As for the number of transactions on the blockchain, it has neared 3 million (specifically 2,910,761) by the time of publication, growing by over 500,000 since Finbold’s previous report from September 13, or in just six days, averaging at 85,611 transactions per day.

Following the launch in mid-August, Shibarium went through a restart shortly after, prompted by its failure to effectively manage the massive influx of incoming traffic that occurred during its mainnet introduction at the Blockchain Futurist Conference in Toronto.

BONE price analysis

Meanwhile, the price of BONE, the token dubbed “the passport to Shibarium” by the leading Shiba Inu ecosystem and ShibaSwap decentralized exchange (DEX) developer Shytoshi Kusama, was at press time trading at $0.8079, down 0.35% on the day, as well as declining 4.43% across the week and dropping 31.81% the past month.

For the time being, BONE’s smart contract remains under the control of Kusama and his development team, with a standing promise of relinquishing this control to the community sometime in the future.

Shiba Inu price analysis

As for the token that has originated with the entire ecosystem, the price of SHIB at present stands at $0.0000073919, recording an increase of 0.63% in the last 24 hours and gaining 1.43% across the past seven days while still holding onto the 11.9% decline on its monthly chart, according to the recent information.

All things considered, thanks to the SHIB community and developers, Shibarium continues to demonstrate continuous and significant growth, setting new records, as evident in the new wallets being created every day, as well as the number of transactions it facilitates.

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