Shibarium Approaching New Milestones

A recent tweet from the Shibarium Updates account highlighted two significant milestones for the layer-2 solution, Shibarium, concerning transactions and wallet addresses.

Recent Achievements

According to the tweet, Shibarium has seen increased activity, reaching a milestone of 10,062,603 blocks generated, with an average block formation time of five seconds.

> Shibarium Update – March 22, 2025
> 🔷 Total Blocks: 10,062,603
> 🔷 Average Block Time: 5.0s
> 🔷 Total Transactions: 970,343,924
> 🔷 Wallet Addresses: 183,161,552
> 🔷 Gas Tracker: 3.7 Gwei
> 🔸 Daily Transactions: 326.53K
> — Shibarium Updates 📢 (@Shibizens) March 22, 2025

Shibarium is on track to reach new all-time highs in total transaction counts and wallet connections, aiming for one billion transactions and 200 million wallets. Notably, daily transactions plummeted from 2.38 million to 326,530 this week.

Upcoming Shibarium L3

The Shibarium Updates account also revealed details about the layer-3 solution currently under development. The SHIB team is collaborating with Zama to incorporate Fully Homomorphic Encryption (FHE) for enhanced user data protection. This aims to ensure complete privacy while utilizing fast and private rollups.

> Shibarium L3 will bring private, fast rollups powered by FHE
> Your info will stay encrypted, even while it’s being used — pure privacy.
> With Zama’s tech, Web3 will feel like real financial freedom.
> — Shibarium Updates 📢 (@Shibizens) March 21, 2025

The SHIB team plans to use its token, TREAT, for the layer-3 network. Earlier in 2024, SHIB lead Shytoshi Kusama announced raising $12 million from major sponsors to support this development.