Exciting times for Shibarium, Shiba Inu’s Layer-2 blockchain! It’s on the cusp of a huge achievement: hitting 1 billion total transactions. Data from ShibariumScan reveals the network has already processed a staggering 992,561,156 transactions. That means it’s just a hair’s breadth away – roughly 8 million transactions – from reaching the coveted 1 billion milestone.

What’s fueling this rapid climb? A recent surge in daily transactions, that’s what! In just the last 24 hours, Shibarium saw a whopping 3.84 million transactions. This impressive jump clearly indicates growing network activity and user engagement.

And the good news doesn’t stop there! ShibariumScan also reports healthy growth across other key metrics. The total number of blocks has soared past 10 million, currently standing at an impressive 10,188,747. Plus, the total number of addresses has reached a massive 191,626,796.

Looking ahead, Shibarium is poised for even more exciting developments. One major step is its evolution into a roll-up hub. This will empower developers to build and launch their own custom Layer-3 rollups directly on Shibarium.

Each of these rollups will carry out their transactions on Shibarium and utilize BONE as gas. This is a significant upgrade for BONE, expanding its utility from a token to a fundamental asset for new chains within the ecosystem. Furthermore, Shibarium will act as a data availability layer, securely storing and providing access to rollup data. This innovative architecture enables multiple chains to run smoothly side-by-side, all while staying interconnected.

Ultimately, the grand vision is to create a modular and seamlessly interoperable ecosystem. In this future, Shibarium will become both the execution engine and the data backbone.

With all this exciting momentum, everyone in the crypto space is watching Shibarium closely as it approaches the 1 billion transaction mark. Reaching this milestone will solidify its position as a vital component in the Shiba Inu universe.

SHIB’s latest price action

Turning our attention to Shiba Inu (SHIB) itself, we’ve seen a shift in price action. After an impressive five-day run, reaching peaks of $0.00001567, SHIB experienced a reversal. It appears profit-taking by traders has initiated a pullback, causing SHIB’s price to dip.

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Following this strong upward surge, Shiba Inu looks to be heading for its third day of consecutive losses. During Saturday’s trading, the price even touched a low of $0.0000125. This downward trend highlights the inherent volatility of the crypto market and the selling pressure as traders secure their profits from the earlier gains.

As of now, SHIB is down 3.61% in the past 24 hours, trading at $0.0000128, effectively erasing its weekly gains and leaving it just slightly up by 0.49% over the last seven days.