The Shiba Inu cryptocurrency, renowned for its Shiba logo, has a clear vision for 2024: “Make Shibarium Great.” To drive Shibarium ever forward, the official Layer-2 blockchain launched on Aug. 16, 2023, meeting with immediate success. In a remarkable five months, it completed 255 million transactions and produced 2.5 million blocks, gathering 1,326,827 wallets in the process.
Since Dec. 2nd, daily transactions hovered near 5 million each day, and the costs of Elation, the Shibarium gas, rose in tandem. So, 8.2 billion SHIB tokens were burned, with just a portion of the 33 billion in collected gas fees. An interesting new feature of the burn portal kicks in this month, managing token supply in an automated fashion.
What’s more, the next hard fork for Shibaruim amplifies its transaction rate from 200 per second to a higher value. Despite not revealing the exact date, the Shiba Inu brand is already committed to development going forward, seeking yet more promise in the year ahead.
This initiative for Shirarium gripped the crypto community with curiosity, all in the initiative of making Shibarium great. What’s sure is that the presence of such ingenious innovations suggested by Shiba Inu yields to an inspiring role in the ever-evolving blockchain ecosystem.
