SHIB Exposure: Top Exchange Takes Shibarium to 40 Million New Users

Shibarium, Shiba Inu’s layer-2 blockchain solution, has been integrated into Bitget Wallet, a prominent non-custodial wallet with over 40 million users across 168 countries. This development is expected to enhance Shibarium’s utility and accessibility for the broader crypto community.

Integration Confirmed

Bitget Wallet recently added Shibarium to its list of supported blockchains. The news came to light through a post shared on X by Shibarium Update, a channel dedicated to Shiba Inu developments. The post included a screenshot as evidence of the integration and confirmed that users can now access the blockchain’s features through the wallet.

Notably, Bitget has not released an official statement regarding the integration. Furthermore, while the blockchain is supported on the Bitget Wallet, it has not yet been incorporated into the Bitget exchange.

Expanded Functionality for Users

The integration allows Bitget Wallet users to interact with it in various ways, including storing, transferring, swapping, and staking assets within the ecosystem. This new functionality is expected to encourage greater participation in the blockchain network, potentially boosting transaction volumes and user engagement.

Bitget Wallet, launched in May 2018, has established itself as a trusted platform for storing and managing cryptocurrency assets. Its significant user base provides an opportunity to expose Shibarium to millions of new users, further expanding the reach of the Layer-2 blockchain.

Recent Milestones

The Shibarium network has demonstrated consistent growth since its launch in August 2023. Recently, the blockchain surpassed two major milestones, including reaching over 2 million wallet addresses and exceeding 600 million total transactions.

As of now, the transaction count has risen to approximately 645.74 million, with an average daily transaction volume of 4.58 million. These statistics highlight the growing adoption of Shibarium, underscoring its potential as a major player in the blockchain space.

Adoption Among Wallets and Exchanges

Despite its progress, the integration into major crypto platforms remains limited. Only a few leading exchanges, such as Gate.io and BluBit, have incorporated Shibarium into their services. Additionally, wallets like Frontier and GroveX have integrated Shibarium into their platforms, while MetaMask users can access the blockchain via the Chainlist feature.

The community continues to advocate for broader adoption of the blockchain, urging major platforms like Binance, Coinbase, and Ledger to offer support. These efforts are part of a larger push to establish Shibarium as a widely accessible and versatile Layer-2 solution.

The integration of Shibarium into Bitget Wallet represents a pivotal step forward for the ecosystem. With Bitget’s extensive global user base, the move has the potential to drive significant growth and activity on the network. As the community continues to push for broader adoption across exchanges and wallets, the network’s trajectory remains promising.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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