This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Shiba Inu’s layer-2 solution, Shibarium, has achieved a significant milestone by surpassing 6 million transactions. This comes less than two weeks after crossing the 4 million transaction mark. The network’s daily transactions peaked at 43,690 on November 23. The surge in transaction volume has also led to a notable increase in SHIB token burns, with investors incinerating 82,887,109 tokens in 24 hours. This represents a substantial surge of 913.89% compared to the previous day. Despite these developments, the price of SHIB has not responded significantly. However, analysts remain optimistic about its future price trajectory, citing factors such as increasing utility, new tokens within the SHIB ecosystem, strategic partnerships, and growing mainstream interest. Shibarium itself continues to achieve milestones, with a recent record of 952 transactions within a five-second block. The network’s daily transaction volume has also seen a massive spike. Shibarium currently boasts over 1.27 million addresses, more than 1.88 million blocks mined, and supports over 8,500 tokens. However, its Total Value Locked (TVL) currently stands below $700K. Despite a brief peak above $700K, it has settled at $681,800.