Shibarium stands out as one of the fastest L2 blockchains in the industry. With an average block time of just 5 seconds, it’s no wonder that the crypto community is buzzing about its potential.
SHIB GUY, a prominent figure in the crypto community, recently took to Twitter to highlight Shibarium’s impressive speed. He tweeted, “Shibarium has an average block time of only 5 seconds, making it one of the fastest L2 blockchains in the crypto industry!” Such rapid transaction times are crucial in digital currencies, where speed often equates to efficiency and user satisfaction.
What you'll learn 👉
SHIB’s Potential Breakout
SHIB KNIGHT, another influential voice in the crypto sphere, hinted at a potential breakout for the SHIB token. In a recent tweet, he mentioned, “SHIB potential target. It breaks the downtrend and follows the formation. Let’s see.” This suggests the token might be on the verge of a significant uptrend, exciting many in the ShibArmy.
Shibburn, a platform dedicated to tracking the number of SHIB tokens burned, reported that a whopping $342,020,540 SHIB tokens were burned in the past 24 hours from 18 transactions. For those unfamiliar with the concept, token burning is a strategy used by crypto projects to reduce the number of tokens in circulation, potentially increasing scarcity and value.
Bone ShibaSwap: Staking and Earning
Bone ShibaSwap, another key player in the Shiba ecosystem, announced that nearly 17 million $bone tokens are now staked in Shibarium. This showcases the trust and confidence users have in the platform and the potential rewards they can reap. With such a significant amount staked, users can expect to generate substantial returns, especially given the platform’s promise of a 450% yield.
Tired of missing hot new listings because your favorite exchange is banned in the US? 🇺🇸
With RocketXchange you can finally trade on Kucoin, ByBit and more without registration or KYC! 🙌
Simply connect your wallet to access every coin. No VPN needed.
Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.
Take your trading to the next level with:
- Instant access to banned CEXs 🚫
- No KYC required 🙅♂️
- Trade on your terms – no registration required
- Maintain full custody – tokens stay in your wallet
- Access liquidity across leading DEXs and CEXs
- Bridge assets quickly between any blockchain
Escape CEX limits today with RocketXchange!
Show more +The Shiba ecosystem continues to grow and evolve, with Shibarium leading the charge in speed and efficiency. As more tokens get burned and staked, and $SHIB potentially breaks its downtrend, the future looks bright for the ShibArmy.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
