Shiba Inu's Wild Ride: Price Dips 5% as Shibarium Hits 1 Billion Transactions!

SHIB Takes a Hit, But Shibarium Soars

Hang onto your hats, crypto fans! Shiba Inu's price just took a nosedive, dropping nearly 5% in the last 24 hours. That's right, SHIB is now trading at a measly $0.0000122. Ouch! Over the past week, this Ethereum-based token has been on a downward spiral, losing almost 18%, and it's down 13% in the last month. Talk about a rough patch!

Shibarium's Billion-Transaction Milestone

But wait, there's a silver lining! Shibarium, the layer 2 solution built on Ethereum to boost the Shiba Inu ecosystem, just hit a mind-blowing milestone. For the first time ever, Shibarium's total transaction volume has soared past 1 billion! That's right, since its launch in August 2023, this powerhouse has processed a whopping 1.005 billion transactions. And get this – it only took Shibarium about two years to reach this incredible feat, while Bitcoin took a whopping 15 years to hit the same number. Shibarium is on fire!

Shiba Inu's Trading Volume Surges

After Shibarium's epic milestone, Shiba Inu saw a sudden spike in trading activity. In the last 24 hours, its trading volume shot up nearly 20% to a cool $229 million. It's like Shibarium's success is giving SHIB a much-needed boost!

Shibarium's Impressive Stats

As of April 2, Shibarium is crushing it with a daily transaction volume of 4.05 million and an average block time of just 5 seconds per transaction. That's lightning fast! The ecosystem is buzzing with over 194 million addresses engaging with the system and more than 10.25 million blocks. Shibarium is the place to be!

Shibarium's TVL and DEXs on the Rise

At the end of March, Shibarium's TVL skyrocketed by 24% to $2.5 million. Within the ecosystem, ShibaSwap's TVL jumped 37%, while WoofSwap and ChewySwap soared by 31% and 20% respectively. It's a DeFi party in Shibarium! Meanwhile, the Shiba Inu token took another hit, falling 20% from its peak. It's a rollercoaster ride for SHIB holders!

Disclosure: This article is for your entertainment and education only. It's not investment advice, so don't go betting the farm based on what you read here!