Shibarium, the layer-2 solution for the Shiba Inu blockchain, continues to make remarkable strides just days after its launch on the mainnet. With a surge in wallet activity and impressive numbers for transactions and block production, Shibarium is establishing itself as a promising platform.
Shibariumscan, the blockchain explorer for Shibarium, reports that the number of interacting wallet addresses on the L2 blockchain has exceeded 51,000, with wallets currently active. This surge in wallet addresses with thousands of new addresses in a few hours, led to projections of reaching 100,000 wallets in the coming days.
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Impressive Milestones in Transactions and Block Production
In addition to the increase in wallet activity, Shibarium has also achieved notable milestones in transaction count and block production. The mainnet has recorded a total of 148,181 transactions, with 286,258 blocks produced at an average block time of five seconds. Just yesterday, Shibarium set a new record for daily transactions, reaching an astonishing 100,905.
Despite facing technical issues that temporarily halted activity, Shibarium has shown resilience and has successfully resumed block production. The development team has implemented important features, including monitoring and auto server reset capabilities, to prevent similar technical issues caused by high traffic in the future.
With these optimizations, Shibarium aims to surpass the performance of its testnet. The data from Puppyscan, which tracks Shibarium Beta on Puppynet, reveals that over 17 million wallet addresses have connected to the platform. Puppynet has also produced 2,219,000 blocks at an average time of 6.8 seconds.
Increasing BONE Staking
In a parallel development, Shiba Inu ecosystem’s marketing specialist, Lucie, shared details about BONE staking. Users have staked an impressive 15,327,440.0901 (15.2 million) BONE tokens, as revealed in a screenshot attached to the tweet.
Lucie also mentioned that users can stake their BONE on Ethereum without the need to bridge their tokens onto Shibarium. Additionally, she provided insights into BONE delegation for Shibarium users.
What is $BONE delegation for Shibarium
(Yes! it's done on ethereum, you don't need to bridge your tokens)
Delegating Bone to validators involves entrusting them with the responsibility of safeguarding your asset. In appreciation for your trust, validators reward you with… pic.twitter.com/mVcwmj0gEY
— 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium (@LucieSHIB) August 25, 2023
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The rising number of staked BONE tokens highlights the community’s engagement with Shibarium and its commitment to participating in its growth.
As Shibarium continues to perform optimally, it is poised to surpass previous records, solidifying its position as a robust and promising layer-2 solution for the Shiba Inu blockchain.
Growing Excitement and Future Prospects
The rapid growth and impressive statistics of Shibarium have generated significant excitement within the Shiba Inu community and the wider cryptocurrency space. As more users join the platform and explore its capabilities, the future prospects for Shibarium appear promising.
The ongoing scaling efforts, combined with the dedication of the development team and the community’s involvement, indicate a positive trajectory for Shibarium’s continued success.
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