Shibarium, Shiba Inu’s Layer 2 protocol, continues to reach new heights, as evidenced by its skyrocketing adoption rate.In just two weeks, your scaling solution will Onboarded Breaking records with over 375,000 new wallets and an average of 1 million transactions per day, reflecting its popularity among cryptocurrency enthusiasts.

These milestones aim to address Ethereum’s high gas fees and improve transaction speeds, strengthening its position among the major players in the L-2 space. There are various tokens in the Shibarium ecosystem, each serving a different purpose such as utility, governance, and native tokens. Users can use these tokens for staking, trading, or rewards.

This surge in adoption has seen Shibarium as a key player in addressing Ethereum’s high gas fees and increasing transaction speeds for market participants dealing in ecosystem tokens such as Bone ShibaSwap (BONE), LEASH, and SHIB. This is happening at a critical time when you are consolidating your position.

One notable impact of adoption was a significant increase in transaction fees on BONE. The fee increased significantly from 10BONE on April 10th to 213BONE, representing a significant increase of over 2,000%. Additionally, Shibarium currently has over 1.4 million wallet addresses, and that number continues to grow after recent updates.

Shiba Inu becomes CDSA member

In this regard, Shiba Inu recently made history by joining the Content Delivery Security Association. [CDSA] Enhance your reach and explore opportunities for blockchain-enabled content distribution and business capabilities. CDSA’s prominent members include major technology and entertainment companies such as Apple and Netflix. A traditional nonprofit organization, CDSA has been known for best practices in entertainment, software and information technology distribution and storage since 1970.

This is the first time a layer 2 blockchain like Shiba Inu has partnered with CDSA and is touted to significantly strengthen its presence across the content development and distribution supply chain. The SHIB team provides expertise and insight on understanding and leveraging blockchain technology for CDSA members.