📢 The ProPicks AI strategy to watch when Tech rally slows down. It did 2X the S&P in July!Unlock AI Insight

Shibarium Achieves New High as This Important Metric Spikes

Published 2023-09-20, 07:11 a/m
© Reuters.  Shibarium Achieves New High as This Important Metric Spikes
SHIB/USD
-

U.Today - Layer-2 blockchain Shibarium has managed to achieve yet another substantial milestone as the network keeps expanding and increasing its utility. This time, it is the block section that has demonstrated spiking numbers.

Block production keeps rising

According to the Shibariumscan explorer, since the start of September, the has pushed the total number of blocks above the 728,000 level. This indicates an almost double rise compared to the beginning of the month, when the overall block count stood at 500,000.

Now, each new block takes around five seconds to generate on Shibarium.

Another important metric is demonstrating a rise too, albeit a slow one: the total count of transactions has closely approached the three million level, thus far reaching 2,953,493 transfers. The number of wallets connected to the Shibarium network has remained still so far, holding at 1,246,767.

Over the past few days, the has fallen below the 45,000 level after reaching a peak of 200,880 on Sept. 13.

SHIB's major partner teases major update

As reported by U.Today earlier, the Italian-based fast food chain of restaurants Welly's is about to upgrade its website. The news was spread on the X app by one of the developers from the IT team.

Welly's is an early investor into SHIB and decided to ink a partnership at the start of 2021. Welly's undertook a total rebranding, picking SHIB as its mascot, and started accepting SHIB tokens for its fast-food meals.

Last year, Welly's planned to open a restaurant in a new location, which it did not reveal to the public.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.