Shiba Inu’s Layer-2 Solution Shibarium Sees Over 2 Million Transactions in Days

The Shibarium testnet has seen a surge in transactions in recent weeks, with over 14 million transactions processed since its inception on March 11.

This is a significant increase from the number of transactions processed on the Ethereum mainnet, which is currently around 1 million per day.

The surge in transactions on the Shibarium testnet could be due to a number of factors, including the low cost of transactions and the increased activity from the Shiba Inu community.

Shibarium is a layer-2 solution that is designed to provide users with faster transaction speeds and lower fees compared to other blockchains. This makes it a more attractive option for users who are looking to avoid the high fees associated with Ethereum.

The increased activity from the Shiba Inu community is also likely contributing to the surge in transactions on the testnet.

The Shiba Inu community is one of the most active and engaged communities in the cryptocurrency space, and they are eager to test out the new layer-2 solution.

The surge in transactions on the Shibarium testnet is a positive sign for the future of the project. It shows that there is a lot of interest in the project and that users are willing to test it out. The success of the testnet will be a major step towards the launch of the mainnet, which is expected to happen later this year.

In addition to the surge in transactions, the Shibarium testnet has also seen a significant increase in the number of wallet addresses.

Currently, there are over 16 million wallet addresses on the testnet. This is a significant increase from the number of wallet addresses on the Ethereum mainnet, which is currently around 800,000.

The increase in the number of wallet addresses is another positive sign for the project. It shows that there is a growing interest in the project and that users are starting to adopt the new layer-2 solution.