Dogecoin’s (DOGE) rival Shiba Inu (SHIB) has basically We are experiencing waves of great strength.
according to data From Glassnode, the number of addresses holding SHIB has been growing virtually non-stop, recently hitting new all-time highs despite prices trading mostly flat.
Glassnode data shows that the number of SHIB addresses is now just above the 3,145,000 mark.
On-chain data also shows a steady rise in unique addresses, or addresses that have non-zero balances and are not part of a cluster controlled by a single entity, currently over 1.3 million at the time of writing. indicates that
Shiba Inu’s on-chain strength comes as the project prepares to roll out Shibarium, which aims to help Shiba Inu scale, similar to Polygon (MATIC) on Ethereum.
The pseudonymous Shytoshi Kusama, lead developer and titular figure in the Shiba Inu community, recently announced the launch of a new portal to boost adoption of Shibarium.
Kusama “Joined Sibarium” Portal is designed to be a hub for developers, content creators, business owners, and job seekers who want to contribute to the Shiba Inu ecosystem.
He said hope The new site will make it easier for anyone looking to build on Shibarium to collaborate.
“Ideally, this intake system will allow us to find the best projects and connect them with other people who can help or help them. I can.
This will allow you to extend your reach with Shibarium’s professional companies and reset the business relationships you have been linked to in the past. Finally, it helps you find the right validator. ”
At the time of writing, the Shiba Inu is trading at $0.00001284, up 3.4% on the last day.
Featured Image: Shutterstock/ZinetroN/Andy Chipus
