Shiba Inu’s Layer 2 scaling solution, Shibarium, is rapidly gaining traction, and it’s now on the verge of hitting a significant transaction milestone. Over the past few weeks, Shibarium has seen remarkable growth, with daily transaction counts averaging 4 million. This surge is pushing the network towards its next major milestone of 480 million total transactions.

As of now, 479,540,254 transactions have been recorded, and at the current pace, the 480 million mark will likely be surpassed within hours. This milestone reflects the growing popularity of Shibarium, which continues to evolve as a vital component of the Shiba Inu ecosystem.

Shibarium and Shiba Inu’s Growth: A Parallel Journey

The momentum behind Shiba Inu (SHIB) has been accelerating as well. With the November bullish rally in full swing, SHIB has experienced steady price growth. Currently priced at $0.00001909, SHIB saw a 1.49% increase in the past 24 hours, and the price has jumped 10.71% in the last week. Over the last month, the token has experienced a 7.45% rise, fueling excitement within the community.

This surge in SHIB’s price is not just a result of speculative trading; it’s also tied to the growing use and adoption of Shibarium. As more users flock to Shibarium to take advantage of its low fees and fast transactions, the protocol’s performance metrics are continuing to rise, setting the stage for more growth.

Shiba Inu’s Potential to Break Resistance Levels

While the overall trading volume has remained steady, SHIB is edging closer to a critical resistance level at $0.00002. If this price barrier is broken, there could be a significant surge in both the price of SHIB and the number of Shibarium transactions, leading to even higher milestones for the Layer 2 protocol. This would mark another exciting phase for the Shiba Inu ecosystem.

Shibarium’s Milestone and Its Growing Impact

In terms of adoption and user engagement, Shibarium has already made a strong impression. The protocol has broken several milestones over the past year, setting a strong foundation for even more growth in the coming months. One of the most notable events came in Q4 2023, when Shibarium recorded over 11 million daily transactions at its peak.

This rapid growth has solidified Shibarium as a key player in the blockchain space. The recent transaction boom is a testament to the scalability and potential of the protocol, which is expected to continue to expand as more users and developers integrate into the Shiba Inu ecosystem.

Total Value Locked (TVL) Is Poised for Growth

While Shibarium’s transaction count is impressive, there’s another metric that is equally important for its long-term success: the Total Value Locked (TVL). As of the latest data from DeFiLlama, Shibarium’s TVL stands at $4.48 million. Although this figure is still modest, it reflects the network’s growing capacity to handle larger transaction volumes.

As adoption continues to increase and more decentralized finance (DeFi) projects are discovered on Shibarium, the TVL is expected to rise significantly. This increase in TVL would further demonstrate the value that Shibarium is adding to the broader DeFi ecosystem, and would likely attract even more users and developers to the network.

Shibarium’s Future Looks Bright

The rapid growth of Shibarium and the Shiba Inu ecosystem highlights the potential for continued success. With 480 million transactions on the horizon, the Layer 2 protocol is showing no signs of slowing down. As more users adopt Shibarium and the Shiba Inu community rallies around it, there is a strong likelihood that both SHIB’s price and Shibarium’s transaction volume will continue to rise.

The next few months will be critical for Shibarium as it seeks to expand its Total Value Locked and further establish itself as a major player in the blockchain space. The exciting trajectory of Shiba Inu and its Layer 2 solution could lead to more milestones, more adoption, and more significant growth.