Shibarium Nears 200 Million Addresses as Adoption Milestone Draws Closer

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Shibarium, the layer-2 Ethereum scaling solution from the Shiba Inu ecosystem, is rapidly approaching a significant adoption milestone that could further validate its growing relevance in the crypto space. According to updated data from Shibariumscan, the protocol is just thousands of addresses away from surpassing the 200 million mark, a landmark moment in its development trajectory.

Shibarium Address Count Poised for a Breakthrough

The total number of registered addresses on the Shibarium network has now reached 199,199,906, placing it just 800,094 short of hitting 200 million. This milestone would solidify Shibarium’s place among the most actively used blockchain scaling solutions.

Shibarium has already proven its ability to reach and surpass key milestones. Just in March, the protocol recorded its one billionth transaction, a notable accomplishment for a project initially built around a meme coin. That momentum has continued, with Shibarium now averaging four million transactions per day and totaling over 1.12 billion transactions to date.

SHIB Ecosystem Expands with New Product Rollouts

Beyond transaction metrics and address growth, the Shiba Inu development team has remained committed to expanding the ecosystem through innovative tools and products. A recent major development includes the launch of the SHIB App Store, which provides a dedicated platform for developers to publish and promote their blockchain-based apps and utilities.

This app store initiative underscores Shibarium’s ambition to become more than just a high-throughput transactional network. It aims to support a thriving ecosystem of developers, dApps, and services that collectively contribute to an enhanced user experience and long-term utility.

As the team continues rolling out new features, expectations remain high for further breakthroughs in 2025. More projects are reportedly in the pipeline, all designed to foster a stronger community and more sustainable network growth.

SHIB Price Reaction and Market Outlook

While Shibarium’s usage metrics signal strong network health, the SHIB token itself has seen modest fluctuations in the short term. At the time of writing, SHIB was trading at $0.00001361, down 3.72% over the past 24 hours.

However, SHIB has gained over 10% in the last seven days, thanks in part to increased SHIB burn activity, a deflationary mechanism that reduces supply and can bolster price over time. As the burn rate accelerates and new features roll out on Shibarium, bullish sentiment continues to build around the token’s future valuation.

With nearly 200 million addresses and over 1.1 billion transactions processed, Shibarium has proven its potential as more than just a meme-based extension. The protocol’s evolution, marked by aggressive network growth, functional dApp infrastructure, and rising SHIB burns, is laying the groundwork for serious adoption.

As Shibarium inches closer to its next major milestone, all eyes will be on how the ecosystem balances scalability, innovation, and community-driven value creation in the coming months.