Shibarium outmatches Optimism & Arbitrum in this key milestone

Despite early struggles, Shiba Inu's Shibarium outperforms in various aspects. CoinGecko data shows Base, Optimism, zkSych, and Arbitrum as the fastest-growing layer2 blockchains. Shibarium attains 1M addresses milestone quicker CoinGecko revealed the timeframe it took leading layer2 platforms that attained 1 million active addresses.

Timeline of Arbitrum, Shiba-inu

According to the data provided for the public by the Shibariumscan explorer, Shibarium has smashed a ground-breaking new milestone as it total number of transactions continues to increase.

Shibburn wallet tracker has spotted an extensive increase in the Shiba Inu burn rate metric after several hundred million SHIB meme coins have been transferred out of the circulating supply.

Shiba Inu, one of the most popular meme coins within the cryptocurrency space, marked significant advancements today as the token noted a colossal surge in its burn rate. Notably, the sudden spike in the meme coin's burn rate caught significant attention among crypto market enthusiasts as it emerged within the market amid a price dip

Shibarium, the Layer-2 blockchain linked to the widely recognized meme coin Shiba Inu, is making notable strides. Recent data indicates a significant uptick in user engagement, marked by a substantial increase in both transactions and wallet growth.

Interestingly, this transfer happened during a period of significant token burning in the Shiba Inu ecosystem. In just 24 hours earlier this month, over 8.6 billion tokens were burned.

In the tumultuous world of cryptocurrency, few names have resonated as powerfully in 2023 as Arbitrum (ARB). The crypto juggernaut has rapidly ascended the ranks, outpacing industry stalwarts and marking its territory in the competitive landscape.

According to the Shibburn wallet tracker that accumulates data from Etherscan, the Shiba Inu community has managed to achieve impressive progress in setting SHIB meme coins on fire, and thus, it has removed nearly 20 billion SHIB from the circulating supply.

The Shiba Inu burn initiative begins the week with a positive sentiment as the project has witnessed a significant increase in its token burn rate over the last 24 hours. Shiba Inu Burn Rate Sees Notable Uptick On Monday, December 25, over a 5,000% increase in the last 24 hours has been observed in the Shiba Inu burn rate.

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu's (CRYPTO: SHIB), burn rate spiked over 5000% within the past 24 hours. A total of 53 million SHIB tokens have been permanently withdrawn from circulation.

According to a recent post by Lucie, the marketing specialist of Shiba Inu, SHIB burns will be handled in a more efficient way after the upcoming SHIB upgrade is implemented and the pressure on Bone ShibaSwap, which is used as gas on Shibarium, is minimized.