SHIB Adoption Surges—Shiba Inu Exceeds 1 Billion Transactions

With Shibarium achieving this milestone in less than two years of operation, industry experts have highlighted that this feat underscores Shiba Inu‘s community active participation, the network’s sustainability, and the overall robustness of the ecosystem.

According to our research, Shibarium was launched on August 16, 2023. The network has been in operation since then. Compared to Bitcoin and Ethereum, which have all processed more than 1 billion transactions, Shibarium only needed 593 days to achieve this mark. To appreciate this better, it is important to note that it took Bitcoin 15 years to achieve this milestone.

Shiba Inu is also expected to see more participation as the team unveils another major update – the Shibarium Token Asset Repository. As previously mentioned in our report, this feature would increase the visibility of tokens within the ecosystem.

Lucie, a Shiba Inu marketing lead, has also confirmed that the new update would redefine the ecosystem as token holders would have the ability to share photos and important data across different networks including Puppynet, Ethereum, and Sepolia.

Shiba Inu (SHIB) Price Analysis

SHIB has been struggling recently to hold above a crucial support level as it has declined by in the last seven days and in the last 90 days. However, the asset is making an attempt to bounce back from its current level as it surged by in the last 24 hours to trade at $0.0000129.

Earlier, a TradingView analyst identified as “The Hunters_Company” hinted that the asset could be preparing for a bullish breakout. Basing his prediction on historical data, the analyst highlighted that SHIBs movement within a falling wedge pattern came to an end in early 2024. However, the asset took a nosedive to find support at a key price range, presenting an important entry point for investors.

According to him, SHIB currently faces a crucial resistance level at $0.00001693. Breaking this barrier would send the price to $0.00002485. However, he believes that this point marks a mid-level performance. Per his observation, SHIB can hit $0.00004022 and subsequently move to $0.00007380 on a good cycle.

The second quarter of 2025 (Q2 2025) is expected to be a great period for the asset as the ecosystem prepares for the launch of SHIB Pay. However, experts estimate a 14% decline for the asset in June, as outlined in our recent blog post.