Shibarium Gears Up To Clock 400 Mln Transactions Amid SHEboshi’s First Listing
Highlights
- Shibarium's total transaction figure is gearing up to attain the 400 million mark.
- The network's TVL also approached the $1 million level.
- SHEboshi recently got listed on CoinW, marking a major achievement for the community.
Shiba Inu’s L2 network, Shibarium, seems to be causing quite a stir in the crypto world. Notably, recent on-chain data reveals a remarkable surge in total transactions within the network, inching closer to 400 million. This surge has piqued the interest of crypto traders and investors alike, especially with the Shiba Inu community announcing a slew of upgrades for Shibarium.
Shibarium’s Total Transactions Near 400 Million
Adding to the optimism surrounding Shibarium, DeFiLlama’s data suggested that the network has been approaching the $1 million mark in Total Value Locked (TVL) recently. These developments closely align with the Shiba Inu community’s plans to enhance the token’s ecosystem, including the upcoming launch of SHEboshi, Shiboshi utility, and KNINE.
Moreover, the development comes after CoinW announced the listing of SHEboshi, which is its first exchange listing. As of the latest update, Shibarium‘s TVL stands at $970.463, with total transactions reaching 374.03 million. Whilst, the daily transaction volume stood at $2.78 million.
Meanwhile, the hype around KNINE and SHEB is unwavering as the Shiba Inu community braces to embrace these investment options. The optimism was boosted owing to the recent CoinW listing as the community expects further crypto exchange listings for Shiba Inu’s Sheboshi.
Also Read: Shiba Inu Weekly Burn Soars 100%, SHIB To Hit $0.001?
SHEboshi’s Debut On CoinW
Amid Shibarium’s growing success, Shiba Inu’s official X account highlighted a significant milestone achieved by SHEboshi, which is a unique DN404 token that combines features from both ERC-20 and ERC-721 standards on the Ethereum network. In an announcement made on Friday, February 23, it was revealed that SHEboshi swiftly secured its inaugural listing on an exchange within less than 24 hours after its complete sale.
Notably, the Dubai-based crypto platform CoinW was the first to list the token on Friday at 13:00 (UTC), offering it under the trading pair SHEB/USDT within CoinW’s MEME & NFT arena. Although trading for SHEB commenced yesterday, deposits and withdrawals of the token were temporarily suspended until today, February 24, 2024, at 06:00 a.m. UTC.
Also Read: Mass Migration of Shiba Inu (SHIB) Holders To Mollars (MOLLARS) Token Presale
- Coinbase CEO Says Market Structure Bill Will Pass by Year-End Despite Government Shutdown
- Breaking: Trump To Meet China’s President On October 30, Bitcoin Bounces
- Breaking: Trump Pardons Binance’s Changpeng “CZ” Zhao, BNB Spikes
- Peter Schiff Challenges Binance Founder CZ to Debate as Bitcoin Vs. Gold Rivalry Heats Up
- Robinhood Lists HYPE As Hyperliquid Flips CZ Backed Aster In Perp DEX Volume
- Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide
- Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?
- Ethereum Price Poised for Breakout as Wyckoff Re-Accumulation Meets BlackRock’s $110M Purchase
- BNB Price Prediction as Analysts Eye $1500 Ahead of Fresh Coinbase and Robinhood Listings
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
