Shibarium Surpasses 130 Million Inscriptions, Emerges as Leader in Efficiency
Shibarium, the layer-2 scaling solution dedicated to Shiba Inu, has achieved a monumental milestone, surpassing 130 million inscriptions. This accomplishment stands as a testament to both its rapid growth and unparalleled cost efficiency, securing its position as a frontrunner in the industry.
The impressive feat was highlighted by Kaal Dhairya, a pivotal figure in the Shiba Inu development team. Dhairya took to Twitter to celebrate the achievement, emphasizing Shibarium’s unparalleled speed in reaching this landmark. His tweet echoed pride in the team’s ability to maintain the lowest gas fees while scaling rapidly, positioning Shibarium at the forefront of blockchain innovation.
As everyone is parading their chains, thought $SHIB and #SHIBARIUM should also be on this dashboard, in terms of numbers we have hit 130M+ inscriptions in less time then any of the chains while maintaining lowest gas fees and not going down, proud of the SHIBARIUM team for making… https://t.co/uhQRWDX8Qk
— Kaal (@kaaldhairya) December 19, 2023
Recent data showcases Shibarium’s exponential surge in inscriptions, setting it apart as a frontrunner in terms of growth rate and cost-effectiveness. Surpassing 130 million inscriptions, Shibarium has significantly outpaced several leading blockchains, establishing a league of its own in the space.
When compared to its competitors, Shibarium’s strides are noteworthy. Polygon, a prominent player in the blockchain sphere, leads with a substantial 161 million inscriptions, closely followed by BNB with 77 million and Avalanche C-Chain with 60 million. Notably, Shibarium’s achievement is remarkable considering its lower transaction costs, a crucial metric defining success in the blockchain ecosystem.
The efficiency and speed exhibited by Shibarium have propelled it beyond the competition, with networks like Fantom, Celo, Gnosis, Arbitrum One, and zkSync Era reporting comparatively lower inscription figures. Shibarium’s ability to scale rapidly while maintaining cost-effectiveness places it in a unique position, resonating with the core principles of blockchain technology.
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