Shiba Inu (SHIB) Achieves Major Adoption Milestone

• Shiba Inu (SHIB) gains almost 1,000 new holders within 24 hours, reaching 2,418,416 total holders.
• Despite recent challenges, SHIB’s holder community continues to expand, with over 10 million new wallets added recently.
• Shibarium, the awaited layer-2 scaling solution, faced halts after its mainnet launch due to high demand.

The meme-inspired cryptocurrency Shiba Inu (SHIB) continues to see its community of holders grow, even as developers work to relaunch the troubled Shibarium layer-2 network.

According to analytics site CryptEye, the number of SHIB holders has increased by nearly 1,000 in the past 24 hours. The current total sits at 2,418,416 holders.

This influx comes on the heels of SHIB adding over 10 million new wallets recently, per a report last week. The growth signals sustained interest despite recent setbacks.

Shibarium, Shiba Inu’s long-awaited layer-2 scaling solution, was forced to halt operations shortly after its initial mainnet launch due to overwhelming demand. But the lead developer of Shiba Inu, Shytoshi Kusama, has provided daily updates on efforts to restore functionality at greater capacity.

Kusama stated that after working with partners like Unification and Alchemy, Shibarium has now relaunched successfully in private testing mode. A public re-release appears imminent.

Shibarium puppynet continues its stride

Meanwhile, the Shibarium testnet, Puppynet, continues setting new records, recently crossing 33 million total transactions. Around 175,000 test transfers occur daily, showing strong activity.

Despite the technical difficulties, SHIB’s developers and community seem undeterred. The renewed expansion of holders and progress on Shibarium’s restoration signal optimism about the dog-themed coin’s future. If the layer-2 platform can reach full operability, it could unlock new utility for SHIB.