{"id":568245,"date":"2024-01-05T19:00:50","date_gmt":"2024-01-05T19:00:50","guid":{"rendered":"https:\/\/ktsl888.com\/?p=568245"},"modified":"2024-06-11T07:08:48","modified_gmt":"2024-06-11T07:08:48","slug":"shiba-inu-shibarium-milestone","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-shibarium-milestone\/","title":{"rendered":"Shiba Inu’s Shibarium Hit Major Milestone Amid Rapid Network Recovery"},"content":{"rendered":"

The Shiba Inu Layer 2 Shibarium network<\/a> is recovering once again after the festivities of the holidays have died down. This time around, the layer 2 network is celebrating a major milestone after a couple of months of impressive outperformance.<\/p>\n

Shibarium Network Crosses 250 Million Transactions<\/h2>\n

The Shibarium network has now crossed<\/a> a total of 250 million transactions that have been processed since it was launched last year. This latest milestone coincides with a significant recovery in the network\u2019s daily transactions which had plunged at the start of the new year.<\/p>\n

Related Reading: Crypto Analyst Predicts Cardano Price Jump In January \u2013 Here\u2019s The Target<\/a><\/div>\n

As NewsBTC reported on Thursday<\/a>, the average daily transactions on the network had fallen around 50% from the 7 million average to 4 million. This decline would persist for at least two days, on January 2 and January 3, where an average of 4 million transactions were carried out.<\/p>\n

\"Shibarium<\/p>\n

Source: ShibariumScan<\/pre>\n
However, there has since been another jump in the number of transactions processed by the network. Currently, the daily transactions for Friday are sitting at 6.19 million at the time of writing. This translates to a 50% jump from the numbers recorded over the last few days.<\/p>\n
The total number of blocks produced has also risen rapidly at this time as well. As the data shows, there are now over 2.84 million blocks produced on the Shibarium network<\/a>. If the daily transactions on the Shiba Inu layer 2 network continue to rise, then the total number of blocks produced could cross 2.5 million before the month is over.<\/p>\n
\"Shiba<\/p>\n
SHIB bulls losing control | Source: SHIBUSDT on Tradingview.com<\/a><\/pre>\n
Shiba Inu Burn Rate Mounts A Comeback<\/h2>\n
The transactions carried out on the Shibarium network<\/a> are not the only thing making a comeback at this time. The Shiba Inu burn rate <\/a>is also seeing a significant surge after being subject to a slow start to the year.<\/p>\n
Related Reading: Shibarium Transactions Crash Almost 50%, Shiba Inu Price Wobbles<\/a><\/div>\n
According to data<\/a> from the burn tracking website Shibburn, there have been more than 4.2 million SHIB tokens<\/a> burned in the last day. This figure translates to a 244% surge in the burn rate over this time, continuing the trend that was registered on Thursday.<\/p>\n
The rise in the Shiba Inu burn rate shows that interest is not only localized to the Layer 2 network alone. But also, community members continue to work together in their bid to reduce the total circulating supply of the meme coin.<\/p>\n
In the year 2023, the total number of SHIB tokens<\/a> burned through this initiative has come out to more than 76 billion. However, this figure is minute compared to the over 400 trillion supply of the SHIB token, showing a need to ramp up burning.<\/p>\n
Featured image from NewsBTC, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Shiba Inu Layer 2 Shibarium network is recovering once again after the festivities of the holidays have died down. This time around, the layer 2 network is celebrating a major milestone after a couple of months of impressive outperformance. Shibarium Network Crosses 250 Million Transactions The Shibarium network has now crossed a total of 250 million transactions that have been processed since it was launched last year. This latest milestone coincides with a significant recovery in the network\u2019s daily transactions which had plunged at the start of the new year. Related Reading: Crypto Analyst Predicts Cardano Price Jump In January \u2013 Here\u2019s The Target As NewsBTC reported on Thursday, the average daily transactions on the network had fallen around 50% from the 7 million average to 4 million. This decline would persist for at least two days, on January 2 and January 3, where an average of 4 million transactions were carried out. Source: ShibariumScan However, there has since been another jump in the number of transactions processed by the network. Currently, the daily transactions for Friday are sitting at 6.19 million at the time of writing. This translates to a 50% jump from the numbers recorded over the last few days. The total number of blocks produced has also risen rapidly at this time as well. As the data shows, there are now over 2.84 million blocks produced on the Shibarium network. If the daily transactions on the Shiba Inu layer 2 network continue to rise, then the total number of blocks produced could cross 2.5 million before the month is over. SHIB bulls losing control | Source: SHIBUSDT on Tradingview.com Shiba Inu Burn Rate Mounts A Comeback The transactions carried out on the Shibarium network are not the only thing making a comeback at this time. The Shiba Inu burn rate is also seeing a significant surge after being subject to a slow start to the year. Related Reading: Shibarium Transactions Crash Almost 50%, Shiba Inu Price Wobbles According to data from the burn tracking website Shibburn, there have been more than 4.2 million SHIB tokens burned in the last day. This figure translates to a 244% surge in the burn rate over this time, continuing the trend that was registered on Thursday. The rise in the Shiba Inu burn rate shows that interest is not only localized to the Layer 2 network alone. But also, community members continue to work together in their bid to reduce the total circulating supply of the meme coin. In the year 2023, the total number of SHIB tokens burned through this initiative has come out to more than 76 billion. However, this figure is minute compared to the over 400 trillion supply of the SHIB token, showing a need to ramp up burning. Featured image from NewsBTC, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":568258,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,89178,83667,89181,91070,89157,86437,87680,89267,89179,84562,84558],"class_list":["post-568245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-news","tag-shiba-inu","tag-shiba-inu-burn","tag-shiba-inu-layer-2-network","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibarium","tag-shibarium-network","tag-shibarium-news","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nShiba Inu's Shibarium Hit Major Milestone Amid Rapid Network Recovery<\/title>\n<meta name=\"description\" content=\"The Shiba Inu Layer 2 Shibarium network is recovering once again after the 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu’s Shibarium Hit Major Milestone Amid Rapid Network Recovery","url":"http:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-shibarium-milestone\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-shibarium-milestone\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/Shiba-Inu-Shibarium-Small.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/Shiba-Inu-Shibarium-Small.jpeg?fit=320%2C247"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shib news","shiba inu","shiba inu burn","shiba inu layer 2 network","shiba inu news","shiba inu price","shibarium","shibarium network","shibarium news","shibusd","shibusdt"],"dateCreated":"2024-01-05T19:00:50Z","datePublished":"2024-01-05T19:00:50Z","dateModified":"2024-06-11T07:08:48Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu’s Shibarium Hit Major Milestone Amid Rapid Network Recovery\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-shibarium-milestone\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-shibarium-milestone\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/Shiba-Inu-Shibarium-Small.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/Shiba-Inu-Shibarium-Small.jpeg?fit=320%2C247\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shib news\",\"shiba inu\",\"shiba inu burn\",\"shiba inu layer 2 network\",\"shiba inu news\",\"shiba inu price\",\"shibarium\",\"shibarium network\",\"shibarium news\",\"shibusd\",\"shibusdt\"],\"dateCreated\":\"2024-01-05T19:00:50Z\",\"datePublished\":\"2024-01-05T19:00:50Z\",\"dateModified\":\"2024-06-11T07:08:48Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/Shiba-Inu-Shibarium-Small.jpeg?fit=320%2C247","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/568245"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=568245"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/568245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/568258"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=568245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=568245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=568245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}