Though Shiba Inu's ecosystem continues to expand, SHIB’s price drops by 2%.
This news came weeks after the blockchain finally launched Shibarium. Therefore, the layer-2 also must have played its part in helping Shiba Inu increase its adoption on a global scale.’s data pointed out that the total number of wallets of Shibarium reached 1.25 million, while the total number of transactions touched 3 million. At the time of writing, the layer-2 had produced 776k blocks with an average block time of five seconds.
High development activity around blockchain in bear markets is generally perceived as a positive thing. This is so because new updates and developments help build trust and confidence in a crypto.
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