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Shiba Inu‘s (SHIB) Layer 2 network Shibarium continues to attract the attention of the crypto world since its launch. Recent on-chain data shows a notable increase in total transactions, nearing the 400 million mark. This surge is associated with a series of anticipated upgrades announced for the Shiba Inu community, including the release of SHEboshi, Shiboshi utility, and KNINE.
Growth Continues on Shibarium
On-chain data for the Layer 2 network Shibarium presents exciting figures. Recent on-chain data indicates a significant increase in the total number of transactions on the Layer 2 network, approaching 400 million. The increase in total transactions on Shibarium coincides with data from DeFiLlama showing that the total value locked (TVL) on the network is nearing $1 million.
These developments are linked to the Shiba Inu community’s efforts to expand the token ecosystem and introduce new features to enhance user experience and functionality.
Excitement for “SHEboshi” in the Shiba Inu Community
CoinW’s recent announcement of listing SHEboshi has increased optimism surrounding Shibarium, marking its first cryptocurrency exchange listing. As of the latest update, Shibarium’s TVL stands at $970,463, with a total transaction count of 374.03 million and a daily transaction volume of $2.78 million. The community awaits new cryptocurrency exchange listings for Sheboshi, aiming to increase accessibility and liquidity for Shiba Inu investors.
The launch of SHEboshi represents a significant milestone for the Shiba Inu community. SHEboshi stands out as a unique DN404 token that combines features of both ERC-20 and ERC-721 token standards on the Ethereum network.
Despite the excitement surrounding SHEboshi’s listing, deposit and withdrawal operations for the token were temporarily suspended following its initial launch on CoinW. However, trading for SHEB has commenced, marking an important step for the token’s liquidity and accessibility.
The rapid cryptocurrency exchange listings for SHEboshi highlight the growing interest and demand for Shiba Inu’s innovative offerings in the crypto world, further strengthening its position in the cryptocurrency market.
