Shiba Inu’s Shibarium Sees Growth in Wallet Addresses and Metrics

One sentence summary – Shiba Inu’s blockchain network, Shibarium, has seen a significant increase in wallet addresses, indicating a growing user base, while experiencing temporary issues with the block explorer, but remaining functional and unaffected, and maintaining an impressive average block time of 5 seconds per block, allowing for quick transaction confirmations; however, there has been a decline in the daily transaction graph, SHIB’s price has experienced multiple corrections and a recent decrease of over 3% in the last seven days, and the number of active addresses associated with SHIB has been relatively low, suggesting a potential decrease in user engagement and activity within the SHIB ecosystem, while LEASH has shown promising price performance and Bone ShibaSwap has seen a decrease in price over the last 24 hours.

At a glance

  • Shibarium, Shiba Inu’s blockchain network, has seen a significant increase in metrics, including the number of wallet addresses.
  • The total number of wallets on Shibarium has surpassed 60,000, indicating a growing user base and interest in the network.
  • Shibarium remained functional and unaffected despite a temporary issue with the block explorer.
  • The network’s average block time is impressive at 5 seconds per block, allowing for quick transaction confirmations and enhancing efficiency.
  • While the total number of transactions has increased, there has been a decline in the daily transaction graph, suggesting a potential decrease in transaction frequency.

The details

Shiba Inu’s blockchain network, Shibarium, has recently seen a significant increase in various metrics, including the number of wallet addresses.

The total number of wallets on Shibarium has now surpassed 60,000, indicating a growing user base and interest in the network.

Despite a temporary issue with the block explorer, Shibarium remained functional and unaffected.

Users were able to continue their transactions and activities on the network without disruption.

The network’s average block time has been consistently impressive, with an average of 5 seconds per block.

This fast block time allows for quick transaction confirmations and enhances the efficiency of the network.

However, while the total number of transactions has increased, there has been a decline in the daily transaction graph.

This suggests a potential decrease in the frequency of transactions over a given period.

In the cryptocurrency market

SHIB’s price has experienced multiple corrections and a recent decrease of over 3% in the last seven days.

This decline could be attributed to selling pressure, as evidenced by the high net deposits of SHIB on exchanges.

Sellers seem to have a significant presence in the market.

Furthermore, the number of active addresses associated with SHIB has been relatively low, indicating a potential decrease in user engagement and activity within the SHIB ecosystem.

Analyzing whale activity around SHIB, it appears that there has been less significant whale transaction count and a decrease in the supply held by top addresses.

This suggests that large-scale movements and activities of major holders have been relatively subdued in recent times.

Shibarium and the Shiba Inu ecosystem

have generated significant discussion and sentiment in the cryptocurrency community.

Additionally, LEASH, another token in the ecosystem known as the “Doge Killer,” has shown promising price performance, experiencing an uptick in value.

In contrast, Bone ShibaSwap, another token associated with Shibarium, has seen a decrease of nearly 2% in price over the last 24 hours, as indicated by its price chart turning red.

This recent decline may reflect a temporary setback for Bone ShibaSwap.

Overall, Shibarium’s growth in wallet addresses and other metrics showcases the increasing popularity of the network.

However, SHIB’s price corrections, selling pressure, and relatively low active addresses suggest a more nuanced market situation.

The Shiba Inu ecosystem, along with its associated tokens LEASH and Bone ShibaSwap, continues to attract attention and scrutiny within the cryptocurrency community.

This news brief is generated based on the provided facts and information and aims to be unbiased and neutral, presenting a comprehensive overview of the news story.

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A pixelated Shiba Inu surrounded by multiple small icons representing wallet addresses and metrics.

This section links each of the article’s facts back to its original source.

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ambcrypto.com
– Shiba Inu’s Shibarium has seen growth in wallet addresses and other metrics
– The block explorer for Shibarium was down, but the network itself was not
– Shibarium’s total number of wallets has crossed 60,000
The network has had an average block time of 5 seconds
Despite the increase in total transactions, there has been a decline in the daily transaction graph
– SHIB’s price has been experiencing multiple corrections and was down by over 3% in the last seven days
– SHIB’s net deposit on exchanges was high, indicating selling pressure
– SHIB’s active addresses were low
– Whale activity around SHIB was less, as seen from whale transaction count and supply held by top addresses
– Shibarium has generated discussion and sentiment around Shiba Inu
– Doge Killer (LEASH), another token in the ecosystem, has seen a promising uptick in price
– Bone ShibaSwap’s price chart turned red with a decrease of nearly 2% in the last 24 hours.

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