The Layer 2 network of the popular altcoin Shiba Inu (SHIB), Shibarium, has seen a significant leap with over 130 million users and the industry’s lowest transaction fee. Data shows that Shibarium has managed to maintain the sector’s lowest transaction fee while surpassing 130 million users.
Shiba Inu’s Shibarium Stands Out: Leaves Competitors Behind
According to Shiba Inu developer Kaal Dhairy, the network’s success in surpassing 130 million users with the lowest transaction fees is also a significant achievement. The developer stated that the network reached 130 million users faster than other networks. According to Dhairya, Shibarium’s success is the result of the team’s extremely meticulous and careful work.
Current data indicates that the significant increase in Shibarium’s users distinguishes it from other blockchains in terms of growth rate and cost efficiency. With 130 million users, Shibarium has left almost all competitors behind. While Polygon maintains its lead with 161 million users, it is followed by BNB with 77 million and Avalanche C-Chain with 60 million. Other networks such as Fantom, Celo, Gnosis, Arbitrum One, and zkSync Era have lower figures.
While producing a record number of users, Shibarium also managed to do so with lower transaction fees compared to other networks.
Other Significant Developments Raising Expectations for Shibarium
In addition to all this, Shibarium is preparing for a significant hard fork. This hard fork is expected to significantly increase the network’s transaction speed. The network currently performs an impressive 200 transactions per second, but the hard fork aims to further increase this number and strengthen Shibarium’s position in the market.
This development particularly indicates Shibarium’s determined stance on solving scalability issues as it strives to compete against many large networks such as Ethereum (ETH) and Bitcoin (BTC). Market observers focus on the direct impact that success on this front could have on SHIB’s price.
