Shibarium Reaches Nearly One Million Blocks: Shiba Inu's Level 2 Blockchain Milestone
Date: 2023-10-03 Author: Dima Zakharov Categories: BLOCKCHAIN, IN WORLD
Shibarium Surpasses 933,156 Blocks
Shibarium, the level 2 blockchain of Shiba Inu, is steadily progressing, reaching a noteworthy milestone. According to Shibariumscan, the total number of blocks processed on the network has soared to an impressive 933,156. This achievement underscores the blockchain's growing activity and its vital role within the Shiba Inu ecosystem.
Rising Transactions and Wallets
In addition to the significant block count, the Shibarium network has witnessed a surge in transaction activity. Currently, there are a staggering 3,291,263 transactions recorded, highlighting the blockchain's increasing utility. Furthermore, the number of wallets in the Shiba Inu ecosystem has reached an impressive 1,251,882, indicating a growing user base.
Staking Assets Reach 27,239,313 BONE
One of the key metrics of any blockchain ecosystem is the total value of assets staked within it. In the case of Shibarium, the staking activity has resulted in a substantial sum of 27,239,313 BONE tokens being locked in the network. This demonstrates the community's commitment to the project and its confidence in the blockchain's capabilities.
Lucy's Insight into the Future
Lucy, a member of the Shiba Inu team, recently shared her perspective on the cryptocurrency market's future. She believes that the market will likely experience significant price fluctuations in Bitcoin (BTC) before witnessing a surge in interest (FOMO) from new investors. This influx of capital is expected to gradually flow into alternative cryptocurrencies, commonly referred to as "altcoins."
The Potential Altcoin Season
Lucy's remarks suggest the possibility of an "altcoin season," a phenomenon that typically follows a robust upward trend in Bitcoin's price. During this period, market participants seeking short-term gains often transition from Bitcoin into various altcoins.
However, for now, Bitcoin continues to dominate the crypto investor's attention. According to CoinShares, the previous week saw a notable influx of investments into digital assets, totaling $21 million. Out of this, a significant portion, $20 million, flowed into Bitcoin, reaffirming its central role in the cryptocurrency market.
