Shibarium Nears 1 Billion Transactions as SHIB Price Sees Pullback

Shiba Inu’s Layer-2 blockchain, Shibarium, is rapidly approaching a major milestone—1 billion total transactions. According to data from ShibariumScan, the network has processed over 992 million transactions, with just under 8 million left to hit the 1 billion mark. The surge in activity is evident, with 3.84 million transactions recorded in the last 24 hours alone, signaling rising network engagement.

Shibarium's growth extends beyond transactions. The network has now surpassed 10 million total blocks, reaching 10,188,747, while the number of total addresses stands at a staggering 191.6 million. These figures reflect increasing user adoption and the expanding utility of the Shiba Inu ecosystem.

Shibarium’s future developments are also driving attention. Plans are underway to transform the platform into a Layer-3 roll-up hub, enabling developers to deploy custom rollups that settle on Shibarium. These rollups will use BONE as gas, strengthening its role as a core utility token. Additionally, Shibarium aims to serve as a data availability layer, supporting multiple chains operating in parallel and interconnected within a modular, scalable framework.

Meanwhile, Shiba Inu’s price (SHIB) has experienced volatility. After peaking at $0.00001567, SHIB has faced three consecutive days of losses due to profit-taking. At the time of writing, SHIB is trading at $0.0000128, down 3.61% in the past 24 hours and nearly wiping out its weekly gains. Despite the pullback, Shibarium's momentum highlights its growing importance in the broader Shiba Inu ecosystem and may influence long-term investor sentiment.

With the 1 billion transaction milestone in sight, Shibarium is positioning itself as a major force in the evolving world of Layer-2 blockchain solutions.