Shibariumcontinues to attract new users and dApp creators to accelerate its use. So far, this Layer-2 blockchain built on top of the Ethereum chain by SHIB developers has reached a significant new milestone regarding transaction throughput. This development comes as SHIB has taken another price hit in the last 24 hours.
Shibarium Reaches a New Milestone
According to Shibariumscan, Shibarium has a major new achievement as it has surpassed 411 million transactions. This metric currently shows a total of 411,019,727 transactions. More than 3 million transfers have been added in the last few days.
This new groundbreaking milestone was achieved despite daily transaction volume remaining at a low of 1.03 million, down 4-fold since February 20, when 4.2 million transfers occurred per day. Recently, Shibarium signed a strategic partnership with K9 Finance. SHIB leader Shytoshi Kusama and SHIB lead developer Kaal Dhairya have been appointed as K9 official advisors as K9 launches its native coin, KNINE, on Shibarium.
SHIB Price Suffered Major Damage
The second largest meme cryptocurrency in terms of market cap Shiba Inu, essentially trailing the leading crypto Bitcoin and making new price highs when BTC does so. Therefore, when Bitcoin price reverses, SHIB reverses along with the majority of the altcoin market. None of the technical developments and frequent and ambitious upgrades that the SHIB team has made in Shibarium and the SHIB ecosystem in general have led to a significant price increase, unlike Bitcoin’s recent all-time highs. Since Bitcoin corrected after reaching a historical high of $73,750 two days ago, the Shiba Inu price has also been falling. Over the last two days, SHIB has dropped more than 18%, falling from $0.00003485 to $0.00002866.
Koinfinans.com As we reported, Bitcoin and the Shiba Inu were mentioned by a host on the popular finance-themed “Eye on Your Money” show broadcast by KUTV in Utah this week. As one of the most popular TV networks in the country, it gave BTC and SHIB massive exposure to US television audiences. However, this remarkable event did not positively affect Bitcoin or Shiba Inu prices.
