- Shibarium has reached 101,395 wallets on the platform.
- SHIB has experienced a surge of over 2.26% in the last 24 hours.
Shibarium, the layer-2 blockchain for Shiba Inu (SHIB), has reached a significant milestone after its relaunch. Recently, Shibarium has surpassed 100,000 wallets on the platform, with more than 35,000 coming within 24 hours of its relaunch. Moreover, the memecoin Shiba Inu has shown a notable surge.
According to Shibariumscan, the Shibarium Blockhain’s explorer, the total wallet addresses on Shibarium have crossed the 100,000 mark. At the time of writing, it had reached 101,395 wallet addresses. Adding to that, the total blocks reached 347,546, with an average block time of 5.0 seconds. Moreover, the total transactions on the blockchain have reached 433,904, with 66K transactions in the last 24 hours.
Shibairum is the most anticipated project by the memecoin Shiba Inu. After a long wait, the layer-2 blockchain launched on August 16. Following the initial launch, Shibarium faced technical issues and backlash from the crypto community. Recently, on August 28, Shibarium was relaunched after its initial public release after solving the technical glitches.
Shibarium’s Relaunch Boosts SHIB’s Price
Shytoshi Kusama, the lead developer and co-founder of Shiba Inu, has released a blog post after the relaunch. He mentioned that the relaunch proved that the funds are always safe. The absence of massive servers for support raised concerns about the stability of Shibarium. However, the relaunch boosted confidence among the crypto community.
The relaunch of Shibarium resulted in the platform hitting a remarkable milestone of 100,000 wallets. On the other hand, Shiba Inu has experienced a surge in the last 24 hours following the relaunch of Shibarium. At the time of writing, Shiba Inu is trading at $0.00000816, with a surge of over 2.26% in the last 24 hours. The trading volume of SHIB has experienced an increase of around 51.03%, according to CoinMarketCap.
However, the relaunch didn’t impact Shibarium’s governance token. Bone ShibaSwap (BONE) has experienced a decline of over 2.23% in the last 24 hours. At the time of writing, BONE has been trading at $1.28. Do you think BONE will experience a surge? Tweet to us at @The_NewsCrypto and let us know your thoughts.
