Shiba Inu’s Shibarium Marks 1 Billion Transactions Milestone, But Why Is SHIB Price Still Struggling?
Shiba Inu’s layer-2 network, Shibarium, has surpassed one billion total transactions, indicating significant user activity and adoption since its launch in August 2023. The network has processed 1,012,261,457 transactions across 10,284,922 blocks and created 194,705,571 addresses. Daily transaction volumes often reach millions, with recent figures showing 2.75 million transactions in the last 24 hours. Despite this milestone, SHIB's price remains under bearish pressure, trading around $0.000012 and down 9.4% over the past week. The correlation between Shibarium's achievements and SHIB's price has weakened, with the broader crypto market experiencing a downturn since early March, exacerbated by external factors like Donald Trump’s tariffs announcement.
