Shibarium Shiba Inu is Gearing Up for a Crypto Revolution in 2024, What Does It Look Like?
The rising cryptocurrency Shiba Inu, recently revealed their ambitious plans for 2024. With the development of Shibarium, a Layer-2 blockchain solution, Shiba Inu aims to make a significant impact. In just under five months after its launch, Shibarium has already made achievements that have surprised many industry observers.
Shibarium: Rapid Progress in Crypto Transactions
Since its debut on August 16, 2023, Shibarium has successfully handled over 255 million transactions and has generated nearly 2.5 million blocks. With 1.32 million active wallet addresses, the platform shows tremendous growth potential. Since December 2, 2023, the platform has recorded an average of 5 million transactions per day, an impressive achievement for such a young platform. Shibarium not only stands out in transaction volume, but also in token burning innovation. By burning more than 8.2 billion SHIB tokens, the platform has managed to reduce the supply of tokens in circulation, a tactic designed to increase the value of the token in the long run.
Shibarium Development Strategy in 2024
Source: X
To increase the prominence of Shibarium, the Shiba Inu team plans to launch an automated token burning portal. This portal will automatically burn SHIB tokens based on predefined rules. The implementation of this automated burning system is scheduled to take place this month, marking a new chapter in Shibarium's development. In addition, the team is also focusing on increasing Shibarium's scalability through the upcoming hard fork. With a current capacity of 200 transactions per second, the planned hard fork is expected to expand Shibarium's block capacity. This will facilitate the processing of more transactions, strengthening Shibarium's position in the crypto market. Through a carefully planned strategy, Shibarium is set to not only improve its performance, but also to cement Shiba Inu's position in the crypto industry. The year 2024 is expected to be a crucial year for Shibarium, with various innovations and improvements that the crypto community is looking forward to.
