ShibariumAlthough it struggled with many problems with its launch, it managed to increase its adoption. Data provided by Shibariumscan revealed a staggering 678.18% increase in the number of newly approved contracts. This increase brought the total number of confirmed contracts on the layer-2 network to a historical high of 428.
As seen in the chart, the total number of contracts confirmed on September 1 was recorded as 55. However, the Shibarium network has trended steadily upward since then. This remarkable rise can be attributed to the sudden increase in newly confirmed contracts, which witnessed a staggering 533% increase in just a 24-hour period on September 18. While just a day ago the number was only 3, it quickly rose to 19.
As we reported as Koinfinans.com, there has been a significant increase in the total number of contracts. Currently, the total number of contracts in Shibarium has reached 9,917. Other statistics, such as total transactions, are also approaching 3 million. Additionally, there are 1,246,744 wallet addresses in the L2 network.
Total Assets Locked in Shibarium Network Is Decreasing
While the rest of the network appears to be improving, a decline in the total value locked in Shibarium has been noted. In August, TVL on the network peaked at $1.47 million but has been on a gradual decline since then. Currently, the total value of the L2 protocol has dropped significantly to $599,032.
In addition, there are a total of 13 projects within Shibarium; DogSwap and MARSWAP are notable decentralized exchanges that contribute significantly to the overall numbers. Each of these platforms has a TVL of over $200,000. Meanwhile, Shiba Inu was trading at $0.000007386, up 1.22% on the day as of press time.