Shibarium Onboarding 1K Projects Could Start a Historic Bull Rally?

• Shibarium plans to onboard 1,000 projects, fostering strategic partnerships.
• Shibarium surpasses 300M transactions, resilient amid market challenges.

In a recent announcement on the X platform, Lucie, the marketing lead for the Shiba Inu ecosystem, shed light on the vision of the team behind Shibarium, a popular Layer-2 scaling solution. The team aims to onboard 1,000 projects to the L2 network in the future and forge strategic partnerships with top firms to enhance Shibarium’s adoption.

Since its launch in August 2023, Shibarium has garnered attention from prominent projects. Noteworthy additions to the network include K9 Finance (K9), which also signals a growing interest. Moreover, leading exchanges such as Gate.io and GroveX have also added support for it.

In the future, #Shibarium aspires to onboard 1000 projects with numerous partnerships. Remember, supporting new projects doesn’t mean canceling existing ones.

Stay Wellystrong as a community during challenging times. If you’ve come this far, why waste so many months by giving…

— 𝐋𝐔𝐂𝐈𝐄 | Shibarium (@LucieSHIB) January 28, 2024

Shibarium Performance

Despite the recent market volatility, Shibarium has demonstrated resilience, surpassing 300 million total transactions. Over seven consecutive weeks, the network processed between 1.7 million and 7.5 million transactions daily, highlighting its robust infrastructure. As of now, Shibarium boasts a total of 317.45 million transactions, with 2.88 million blocks minted and an average block time of 5.0 seconds.

The total value locked (TVL) on Shibarium currently stands at $803,084, experiencing a decline from the $1.3 million peak shortly after its public relaunch in August. Lucie, acknowledging the challenges posed by the recent crypto market downturn, urged Shiba Inu community members to remain patient and resilient. She provided financial tips, emphasizing the importance of conducting due diligence before investing and investing only what one can afford to lose.

Amidst the market turbulence, its native token, SHIB price, has seen a 2% decline in the past 24 hours and a 15% decrease in the past month. The community believes that Lucie’s call for patience and adherence to responsible investment practices reflects the team’s commitment to weathering market fluctuations and ensuring the long-term success of Shibarium and the broader Shiba Inu ecosystem.