Shiba Inu's Layer-2 network Shibarium has officially surpassed one billion total transactions, marking a significant milestone in network adoption. The scaling solution enhances transaction speed and reduces costs, fueling user engagement across the ecosystem.
User Growth Accelerates
On-chain data reveals that the total number of SHIB holders has exceeded 1.585 million, a new all-time high. In April 2026, approximately 24,000 new wallets joined the network, with the most significant single-day spike of 10,718 users occurring on April 25. Although growth has slightly moderated, the steady influx reflects renewed interest amid improving market conditions.
Shibarium's Role
Shibarium serves as the core scaling solution for Shiba Inu, offering lower fees and faster confirmations. The 1 billion transaction milestone demonstrates real-world usage and lays the groundwork for future applications such as DeFi and NFTs. Incentive mechanisms like BONE tokens further encourage participation.
Market Outlook
SHIB's price saw a modest 0.90% uptick, aligning with the positive fundamentals. However, recent data also show significant outflows: over 49 billion SHIB were withdrawn from exchanges in late May, indicating potential long-term holding behavior. The Shibarium burn rate spiked 1,034% in May, removing 27 million SHIB in a single surge, reinforcing deflationary pressure.
Overall, Shibarium's transactional milestone and expanding user base provide a solid foundation for Shiba Inu's next growth phase. Whether the momentum can attract mainstream adoption remains a key narrative to watch.