Shiba Inu Blockchain Activity Spikes as Verified Contracts Hit New All-Time High 

Shiba Inu’s L2 blockchain Shibarium continues to record widespread adoption as the number of transactions, wallets, and verified contracts spike tremendously.

Shibarium, Shiba Inu’s Layer-2 blockchain, has continued to record impressive performance. The network has been seeing rapid growth in various aspects, ranging from number of new wallets to total transactions. 

Total Transactions Surpass 3.45M as Wallets Crosses 1.25M

Fresh stats on Shibarium show that the L2 blockchain has processed a staggering 3.45 million transactions since its mainnet launch on August 16, 2023. At the time of writing this line, the total transactions stood at 3,452,883 (3.45 million).

Meanwhile, the number of daily transactions has been hovering around 10K since October 9. According to the data, the number of transactions processed on Shibarium over the past 24 hours is currently around 10,940.

In addition, the data also shows that over 1.254 million addresses have interacted with Shibarium since its launch.

Slow Growth of Registered Accounts

Furthermore, the network currently boasts 27,293 registered accounts. It is worth noting that the number of new accounts on Shibarium has been growing at a slow pace due to the ongoing bear market. Per the data, only 32 new accounts registered on Shibarium over the past day.

Out of the 27,293 registered accounts, only 622 were active in the past 24 hours. This represents a surge of 18.97% over the past week.

At press time, Shibarium has produced 1,164,803 (1.16 million) blocks. Shibarium’s average block time is 5.0 seconds, which makes the network rank among the fastest Ethereum L2 scaling solutions.

Verified Contracts Hit New ATH

Interestingly, the number of verified contracts on Shibarium hit a new all-time high (ATH) today. Verified contracts on the network hit 710, increasing by 18.4% in just one week.

It bears mentioning that verified contracts help to enhance the dissemination of the contract’s information and core objectives. Currently, the contract growth on Shibarium has reached 11,284, with an average of 60 new contracts daily.

Number of BONEs Staked Slumps

Meanwhile, the number of Bone ShibaSwap (BONE) staked on the network has slumped from over 27 million recorded on September 14 to around 26M.

Presently, the Shiba Inu community has staked a total of 26,033,926 BONE tokens across 12 validators, with Unification leading the pack. Per the data, Unification holds an astounding 5,369,708 (5.36 million) BONE in its pool.

Unification is closely followed by ShibArmy America, ShibArmy Europe, and ShibArmy Asia, which hold 4M BONE, 3.04M BONE, and 2.84M BONE tokens.

Also, ShibArmy Oceania, Ryoshi Labs, and ShibArmy Africa hold over 2M BONE tokens in their respective pools. The remaining validators, including Chainmasters, Burn Baby Burn, Dojo, 42069, and Shib of the Round Table, hold less than 1M BONEs in their pools.