Shibarium, the Layer 2 network on Ethereum (CRYPTO:ETH) created by the Shiba Inu (CRYPTO:SHIB) team, has demonstrated impressive growth following its launch in 2023.

As it continues to be utilised, the platform is nearing a significant milestone, having achieved a remarkable 50% increase in daily transactions.

This surge is bringing Shibarium close to reaching 420 million transactions, highlighting its rapid adoption and the expanding interest within the crypto community.

This performance not only underscores the network's technical achievements but also marks its growing relevance in the decentralised finance (DeFi) ecosystem.