- This remarkable staking number was fueled by the increasing number of validators.
- There have been more than 3.4M transactions on the network, and more than 1.25M users.
Bone ShibaSwap (BONE), has hit an ATH on the Shibarium layer-2 scaling solution, signaling the cryptocurrency’s promising future. Shibarium’s validator tracker shows that the number of staked BONE tokens has reached 26,020,173.6431. This remarkable staking number was fueled by the increasing number of validators that have signed up for the protocol.
According to the numbers, Shibarium’s smart contract network has reached a block height of 1,013,400 and there are now 12 validators.
Moving in Right Direction
Moreover, Shibarium continues to serve as an example of how far a Web3 ecosystem project might hope to shift its focus. To bring in decentralized apps that can bring the next 1 billion people into the digital currency ecosystem, Shibarium was developed.
Shibarium’s early logs revealed a congested network, highlighting the need to revamp the platform for greater scalability. While initial difficulties reduced enthusiasm. Recent increases in validator commitment to the protocol indicate that the protocol’s vision for the future is feasible.
Shibarium has been steadily progressing towards its important objectives over the previous few weeks, in addition to staking BONE. There have been more than 3.4 million transactions on the network. And more than 1.25 million users, according to statistics from Shibarium scan.
However, the Shiba Inu ecosystem is poised for a turnaround thanks to continued partnerships and well defined use cases that could assist boost the development in the long run, despite the previous struggles.
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