tl;dr
A recent tweet from Shibarium Updates highlights the layer-2 solution's upcoming milestones, including a record of 10,062,603 blocks generated with an average time of 5 seconds per block. The total transactions on Shibarium have reached 970,343,924, and wallet addresses linked to Shibarium stand at ...
Shibarium is reaching two crucial milestones with its layer-2 and layer-3 solutions. The layer-2 solution has generated 10,062,603 blocks with an average time of 5 seconds per block. Currently, Shibarium has seen 970,343,924 total transactions and boasts 183,161,552 wallet addresses. The upcoming layer-3 solution, developed in collaboration with Zama, will introduce Fully Homomorphic Encryption (FHE) to ensure user data protection and privacy. Additionally, the SHIB team plans to use its token, TREAT, on the layer-3 blockchain.
Shibarium's recent surge in activity has seen new milestones achieved, hinting at the potential for further highs. However, despite the impressive overall numbers, daily transactions on Shibarium experienced a sharp decline, plummeting from 2.38 million to 326,530 in just a few days. Amidst this, the layer-3 solution details have been unveiled, promising full user privacy through collaboration with Zama and the implementation of FHE.