Shibarium, the Ethereum layer-2 network developed by Shiba Inu, has crossed a significant transactional threshold, surpassing 2 million transactions and supporting over 1.1 million wallet addresses
, Shibarium is part of Shiba Inu's broader strategy to expand into the metaverse and gaming applications, and it offers cheap settlements for DeFi applications built on top of it.
After a slew of initial hiccups—such as software bugs that left millions of dollars in limbo—the platform seems to have stabilized after putting additional fail-safes in place. In spite of Shibarium's early success, the price of the Shiba Inu token remains subdued. According to the latest CoinGecko data, SHIB is priced at $0.00000702, down 4% on the day and down 8.1% over the week.
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