Shibarium Nears 2 Million Addresses Amid Slowing Transactions, Is Shib Rally Ahead?

The post Shibarium Nears 2 Million Addresses Amid Slowing Transactions, Is Shib Rally Ahead? appeared first on Coinpedia Fintech News

Shibarium, the layer-2 solution for Shiba Inu, is showing steady growth despite a recent decline in transactions. The protocol is close to reaching 2 million registered addresses, with a current total of 1.81 million in just over 13 months. Although daily transactions have dropped from a high of 28,680 to 1,890, total transactions are approaching the 420 million mark. Other metrics, like contracts and gas usage, are still growing. This adoption could boost Shiba Inu prices, as SHIB has already seen a 2.77% increase, trading at $0.00001347.