Language
Shiba Inu (SHIB) Hits Major Record Again, Shibarium Sentiment at Play?

News

HomeHome / News / Shiba Inu (SHIB) Hits Major Record Again, Shibarium Sentiment at Play?
search
RECENT NEWS

Jul 17, 2023

Reddit Woman Doesn't Want To Split Lottery Winnings

Jul 05, 2023

Signalis: Magpie Box and Computer Antenna puzzle guide

Jun 15, 2023

History with ‘Hud’: Story behind Cape Fear’s two remaining lighthouses

Jun 11, 2023

13 Unlucky Reasons Why You Get Blurry Photos

Aug 18, 2023

Robot Operating Systems Market 2023 Growth Drivers and Future Outlook

SEND YOUR INQUIRY
SUBMIT

Jul 25, 2023

Shiba Inu (SHIB) Hits Major Record Again, Shibarium Sentiment at Play?

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The Shiba Inu (SHIB) ecosystem has continued to print additional milestones with just a few days left for the launch of Shibarium on the mainnet. According to an update shared earlier by the official Twitter handle of the protocol, as backed by data from crypto analytics platform IntoTheBlock (ITB), the total number of wallet addresses resident on the Shiba Inu network has hit a new all-time high (ATH).

Per the data, there are now a total of 3.51 million addresses on Shiba Inu, a figure that has been on a constant uptrend since the protocol was introduced about three years ago. Per the data, there are a total of 2.27 million addresses with zero balances on the network, while addresses with domiciled funds in them are pegged at 1.24 million.

The growth in the number of wallet addresses did not come as a surprise in any way, seeing as the meme coin has been growing in popularity in recent times. The launch of Shibarium on testnet has undoubtedly solidified interest in the Shiba Inu ecosystem, as it introduces a whole new utility that users in the broader decentralized ecosystem can relate to.

As noted, Shibarium has served as a major catalyst to the growth of the total addresses on Shiba Inu as preceded by momentous records in the Puppynet testnet. After the broad success of Puppynet, the community is now gearing up for the mainnet launch, slated to go live at the forthcoming Blockchain Futurist Conference in a few days.

Many people are backing Shiba Inu in a bid to be among the first beneficiaries of whatever perks might be reserved for early supporters of the Shibarium protocol. The positive sentiment around Shibarium has notably accounted for the record milestone being celebrated today.

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on Blockchain.news, Cryptonews and Coingape, among others.

Once a day we send: