Shibarium, the official blockchain of the Shiba Inu ecosystem, has achieved two incredible milestones in terms of number of wallets and total transactions.
The popular Layer 2 blockchain continues to capture the attention of the broader cryptocurrency community due to its numerous achievements. fresh data shibariumscan shows that the network has reached milestones of over 600 million transactions and over 2 million wallets.
The last month has been marked by an increase in user activity on Shibarium as users flocked to the L2 blockchain to interact with various DeFi protocols.
Number of wallets exceeds 2 million
As a result, the number of wallets that have interacted with the blockchain since its inception has surged to 2 million. Shibarium achieved this feat yesterday as the official Shiba Inu-related account celebrated the X milestone.
Shibarium Updates, for example, characterized this milestone as a testament to the strength and passion of the community.
Congratulations to Shibari Omu! 🎉
Reaching a major milestone — Sybarium has officially surpassed 2 million wallets!
🚀🐾 This incredible growth is a testament to the strength and passion of our community.
Build, innovate and reach greater heights… pic.twitter.com/8zHcTk0zOR
— Shibarimumu latest information📢 (@Shibizens) December 6, 2024
At the time of writing, Shibarium currently boasts a total of 2,001,471 (2 million) wallets.
Shibarimumu exceeds 600 million transactions
Moreover, the total number of transactions recently exceeded 600 million, reaching 617,132,427 (617,130,000) at the time of this writing.
It should be mentioned that user activity on Shibarium gained momentum last month, especially on November 5th. At the time, transaction volume was 465.2 million.
Interestingly, the number has jumped to 617.3 million, an increase of 32.69% from the 465.2 million registered on November 5th. Currently, Shibarium's daily trading volume is 4.75 million.
Other great milestones
Additionally, L2 Network has recorded other amazing feats over the past week. On December 5, Shibarium's Total Value Locked (TVL) soared to an all-time high (ATH) of $10.4 million.
According to our predictions, K9 Finance DAO came out on top in terms of Shibarium's TVL, with a value of $4.49 million. Other DeFi protocols such as ShibaSwap, WoofSwap, and ChewySwap had TVLs of $3.97 million, $1.16 million, and $610,279, respectively.
Meanwhile, the number of Shibarium user accounts jumped 14.52% in one month, from 184,194 to 210,953.
Notably, Shibarium's network demand, reflected in total gas usage, has also surged significantly over the last month, increasing from 13.56 trillion on November 7th to 18.52 trillion now.
These impressive statistics indicate a significant spike in user activity on prominent layer 2 blockchains.
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