Shibarium Nears 5 Million Blocks, Boosting Shiba Inu Prospects

Shibarium, the layer-2 blockchain of the Shiba Inu ecosystem, is nearing 5 million blocks, indicating increased validator activity. However, SHIB's price remains stagnant at $0.000024, and network activity has declined, with fewer transactions and new addresses. Despite a slight increase in the price of Bone ShibaSwap (BONE), Shibarium's Total Value Locked (TVL) has decreased, suggesting limited market confidence in the blockchain's potential for gains.