Shibarium Blockchain Hits Record 1 Billion Transactions! What Is the Impact on SHIB Price?

The Shibarium blockchain has announced the completion of 1 billion transactions within just two years. Launched in August 2023, the network achieved this figure on March 31, 2025. This rapid growth highlights the increasing interest in Shibarium and adoption. The network has handled transactions in large numbers, which has contributed to its growth. On its way to 1 billion transactions, Shiba also witnessed a whopping 4 million transactions in a day.

The network now has over 10 million blocks created and nearly 194 million unique wallets interacting. This makes the Shibarium blockchain a major player in the Layer-2 blockchain circuit. This feat makes Shibarium one of the fastest-growing blockchains in the world. It has been able to reach this number in just 593 days. On the other hand, Bitcoin took 15 years for the same. This highlights Shibarium’s exponential growth in the crypto landscape.

Shibarium Plans Future Developments and Expansions

Beyond its current success, the Shibarium blockchain is set to undergo several performance upgrades. The platform aims to evolve into a Layer-3 roll-up hub. This will allow developers to deploy custom rollups directly onto the network. These rollups will use $BONE as the primary gas token, further cementing its role as a foundational asset within the ecosystem. Also, Shibarium plans to serve as a data availability layer. This will allow multiple L3 chains to operate at the same time.

Shiba Inu To Benefit from Shibarium’s Success

The milestone has sparked bullish sentiments among investors for Shiba Inu’s future. While SHIB’s recent performance has been volatile, experts believe that Shibarium’s growing consumer base will play an important role in the long run. Given this, let’s take a look at the SHIB price analysis for the last 24 hours and try to analyze possible patterns and trends. SHIB price prediction at the end!

SHIB Price Analysis: Shiba Inu Commences Slow Climb

SHIB commenced trading at $0.00001247. An early death cross took the SHIB price downwards. But it rubberbanded back to find resistance at the $0.00001255. A death cross formed at 2:20 UTC as the SHIB price ventured downward to $0.00001213. The price action reversed, and the coin faced resistance at $0.00001231. Failure to break the resistance again caused a downtrend, leading SHIB to find support at $0.00001198. However, with a 10:20 UTC golden cross, SHIB started climbing up again, but failed to go beyond $0.00001231. With rapid action on the MACD, SHIB plunged, and then jumped skyward to break resistance, only to face rejection again at $0.00001255. 

Chart 1 – Published on Tradingview, April 1, 2025

As SHIB continued to consolidate around the resistance, it found support at $0.00001231. The 22:55 golden cross instigated a strong upward trend as SHIB travelled all the way up to $0.00001278, with the RSI reporting overbought levels. The coin faced temporary rejection at the $0.00001278 mark. But two attempts later, it spiked across the resistance, establishing a new one at $0.00001297. But, SHIB failed to cross this hurdle and consequently succumbed to the rising selling pressure. It slumped back to find support at $0.00001266.

SHIB Price Prediction: Will SHIB Move to $0.000013 Today?

SHIB price analysis reveals that the coin has had its first positive day in a while. While the $0.00001297 gives strong resistance, SHIB has a support level close by to work with. Also, the RSI showed oversold levels, prompting a comeback. So, if buying pressure persists, SHIB could be testing the $0.00001297 level soon. However, if it fails to break across, future price action will depend on how quickly SHIB finds support.