- Shibariumscan’s upgrade highlights the dominance of deposits over withdrawals, indicating user trust in layer-2 solutions.
- Blockscout’s collaboration enhances Shibarium’s visibility, offering transparency into fund movements between Ethereum and Shibarium.
- Shibarium witnesses exponential adoption, with soaring transaction volumes and wallet counts, bolstering its market presence.
Shibariumscan, the trusted blockchain explorer for the Shiba Inu layer-2 network Shibarium, has received a significant upgrade from Blockscout, enhancing its usability and transparency. This update comes amidst Shibarium’s sustained adoption growth, maintaining its position at the forefront of attention in the cryptocurrency sphere.
Blockscout, renowned for its open-source blockchain explorer and analytics platform for Ethereum-based networks, has bolstered Shibariumscan with a new feature termed the L1 <-> L2 window. This window allows users to delve into fund movements between the Ethereum layer-1 network and the Shibarium layer-2 network, thereby providing enhanced visibility into the network’s dynamics.
The recent update introduces two crucial tabs: “Deposits (L1 -> L2)” and “Withdrawals (L2 -> L1).” The former showcases transactions where users bridge their tokens from Ethereum to Shibarium, while the latter details transactions involving the movement of assets from Shibarium back to Ethereum. Notably, Shibariumscan data reveals a stark contrast between the number of deposits and withdrawals, indicating a predominant preference among users to retain assets on the L2 network.
Since the inception of Shibarium, users have executed 27,847 deposits and 6,816 withdrawals, underscoring the network’s growing utilization. These statistics underscore Shibarium’s increasing popularity and the community’s confidence in its capabilities as a viable layer-2 solution.
Reacting to the latest update, Kaal Dhairya, a prominent Shibarium developer, lauded Blockscout’s commitment to innovation and collaboration. Dhairya emphasized the importance of such partnerships in enhancing the visibility and functionality of blockchain networks, urging other emerging and established projects to leverage Blockscout’s services.
Meanwhile, Shibarium continues to witness exponential growth in adoption, with over 408 million transactions recorded within a week of surpassing the 400 million mark. The network’s wallet count has surged to 1.375 million, reflecting a burgeoning user base, while the Total Value Locked (TVL) has reached an all-time high.
The current Shiba Inu price stands at $0.00002813, with a 24-hour trading volume of $2,417,531,388. Despite a 16.75% decrease in the last 24 hours, Shiba Inu maintains a formidable market cap of $17,865,675,813, with a circulating supply of 589,289,410,812,691 SHIB coins.
The latest update to Shibariumscan underscores Blockscout’s commitment to enhancing transparency and usability in the burgeoning Shiba Inu ecosystem. As Shibarium continues to gain traction, such improvements are poised to further solidify its position in the cryptocurrency landscape.
