Shiba Inucontinues to achieve impressive milestones with its layer two scaling solution called Shibarium. The network recently surpassed the impressive 3 million milestone in terms of blocks produced. Data from Shibariumscan reveals that a new block is added every few seconds.
The total number of addresses on the network is currently 1.3 million, while the total number of transactions has exceeded 330,000,000. However, the success has done little to move the price of SHIB, which is currently trading at a slight discount compared to 24 hours ago. cryptocurrency It fell 1.2%, in line with most of the market.
In any case, if conditions are suitable, such developments can positively affect the price. Shiba Inu’s team recently unveiled an update to the cremation mechanism, which is now expected to be fully automatic.
Shibarium The more transactions are made on it (and therefore the more blocks are added), the more SHIB will be burned. This results in deflation, which is known to positively impact the price of remaining tokens.
