Shiba Inu News: Shibarium Reaches Milestone, Drops Ultra Bullish Update for SHIB Fans

• Shibarium surpasses 730M transactions and introduces the Token Asset Repository, driving ecosystem growth and scalability.
• New features and community excitement momentarily pushed SHIB’s market cap above $13B, highlighting adoption and resilience.

By surpassing 700 million transactions, Shiba Inu’s Layer 2 solution, Shibarium, has achieved a significant milestone, solidifying its growing role within the Shiba Inu ecosystem. With over 730 million transactions processed, Shibarium demonstrates impressive scalability, supported by a robust community and an average of 4.7 million daily transactions.

In a recent update by CNF, the Shiba Inu ecosystem was reported to be preparing for growth as a new token launch aligns with anticipated price movements. Additionally, the Shiba Inu network has registered nearly 1.9 million wallet addresses, underscoring the ecosystem’s expanding user base and increasing adoption.

The Upgrade of New Token Asset Repository

Alongside its transaction milestone, Shiba Inu introduced the Shibarium Token Asset Repository, a groundbreaking feature designed to enhance token visibility within the ecosystem. This repository enables token holders across Ethereum, Sepolia, Shibarium, and Puppynet to easily share and manage their tokens’ images and data.

The repository simplifies token management, providing a centralized platform for better exposure. This innovation is poised to significantly boost the Shiba Inu ecosystem’s development and overall growth.

Additionally, the Shiba Inu ecosystem games utilize SHIB assets. As shared in a recent tweet by Shibarium updates, new developments like Shiboshi and Sheboshi NFTs are enhancing utility and value.

The Shib ecosystem games utilize SHIB assets , including Shiboshi and Sheboshi NFTs, to enhance utility and value:

1.Shiba Eternity: A card game blending strategy with Shib lore, integrating Shiboshi NFTs.

2.Lap Dogs: A racing game featuring Shiboshis and Sheboshis for… pic.twitter.com/ZyI3uY0ylt

— Shibarium Updates (@Shibizens) January 9, 2025

Community Buzz and Market Update

Shiba Inu’s community has enthusiastically welcomed the new updates, celebrating the milestone with active discussions. The introduction of the Shibarium Token Asset Repository contributed to a 50% surge in SHIB’s price, briefly driving its market cap above $13 billion.

Although the price has dipped slightly since then, Shiba Inu remains up 2.7% for the week, demonstrating resilience and continued momentum despite broader market fluctuations. With Shibarium’s growth and innovative features, the Shiba Inu ecosystem is well-positioned for even greater adoption and expansion.

As of now, according to Coin Market Cap data, Shiba Inu (SHIB) is trading at $0.00002132, reflecting a 0.42% increase in the past day but a 6.06% decrease over the past week. See SHIB price chart below.

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