Dog-themed altcoin project Shiba Inu (SHIB) launched its native blockchain network Shibarium weeks ago. Although the launch of Shibarium was quite problematic at first, investors showed interest in the new network. The total number of daily wallet transfers in the blockchain network has approached 100,000. The total number of wallets on the Layer-2 network has exceeded 1 million recently.
According to statistics, a block occurred every 5 seconds on the cryptocurrency network. The total number of blocks reached 450 thousand. The total number of transfers in the Shibarium network has reached 938 thousand 971 as of now.
The official Twitter account, LUCIE, which shares updates on the Shiba Inu ecosystem, announced that Shibarium has been opened to stablecoins such as USDT, USDC and DAI. This development may lead to increased interest in the layer 2 network.
#Shibarium now utilizes stablecoins such as $DAI, $USDT, $USDC, and several other tokens. You can check this on https://t.co/elTxSe0372 pic.twitter.com/28ekBAsk8U
— 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium (@LucieSHIB) September 3, 2023
SHIB Price
Despite the developments in the Shibarium network, the altcoin unit of the Shiba Inu ecosystem, SHIB, has been underperforming in recent days.
Although the joke-themed cryptocurrency has surpassed the $.1100 level in the past weeks, the rise has not been permanent. SHIB is currently changing hands at $.772.
