Shibarium, the Ethereum-based layer-2 scaling solution of the Shiba Inu ecosystem, has printed a major milestone on its mainnet.

Per data insights from Shibariumscam, Shibarium's total blocks have surpassed seven million. Per actual figures, this block count figures comes in at 7

Shibarium, the Ethereum-based layer-2 scaling solution for the Shiba Inu ecosystem, has hit a new milestone on its mainnet. According to data from Shibariumscam, Shibarium's total blocks have now crossed the seven million mark.

The specific block count, as per the latest figures, stands at 7,101,728, which was reached following several notable surges in block increments throughout the month.

A quick glance at Shibarium's stats

Various metrics serve to highlight the growth and development of the Ethereum layer-2 protocol. Throughout the year, its average block time has seen a slight increase from 4.0 to the current 4.9 seconds, indicating a slower throughput.

On the other hand, the total transaction count has been steadily rising and now sits at 418,292,669. Correspondingly, the total wallet addresses have also seen an increase, reaching 1,823,000.

Over the last few months, Shibarium has witnessed a combination of adoption and upgrades. However, most of the key updates have minimal direct impact on the actual Shibarium or SHIB price metrics.

Earlier in the month, Shiba Inu announced plans to launch the SHI stablecoin. This development caused a brief surge in SHIB's daily transaction count and price, but the growth was short-lived.

The on-chain data also reveals a notable decline in daily Shibarium transactions, which fell from 11,230 on Sept. 27 to 3,190 at the time of writing. This lack of uniformity in Shibarium's growth metrics presents a bearish twist that is being closely monitored by interested parties.

Shiba Inu in the mix

In general, the performance of the underlying token is heavily influenced by the outlook for Shibarium. At press time, Shiba Inu was showing a decline in its gains over the past week. It was trading at $0.00001822, marking a drop of 7.81% over the last 24 hours. However, over the past week, the token had managed to secure gains of over 36%, indicating that buyers were largely in control.

As we look to the future, it remains to be seen how Shiba Inu's core growth metrics will fare in the long term. Nevertheless, with Shytoshi Kusama and the SHIB team continuously announcing new partnerships, projects and services, there will never be a shortage of reasons for investors to keep their eyes on the token.