A leading exchange now brings Shibarium to 40 million new users which will enhance Shibarium’s utility and accessibility across the crypto community.
Shibarium, the layer-2 blockchain solution developed by Shiba Inu, has recently been integrated into Bitget Wallet, a leading non-custodial wallet boasting over 40 million users across 168 countries.
This integration is poised to significantly enhance the utility and accessibility of Shibarium for the wider cryptocurrency community.
Integration Announcement
The news of Shibarium’s addition to Bitget Wallet was confirmed through a post on X by Shibarium Update, a channel focused on developments related to Shiba Inu.
The post showcased a screenshot that verified the integration, allowing users to access the various features of the Shibarium blockchain directly through the wallet.
However, it’s worth noting that Bitget has yet to release an official statement regarding this integration, and while Shibarium is supported in the wallet, it has not yet been included on the Bitget exchange itself.
Expanded User Functionality
With this integration, Bitget Wallet users can now engage with Shibarium in multiple ways, including storing, transferring, swapping, and staking assets within the ecosystem.
This expanded functionality is expected to foster increased participation in the Shibarium network, potentially leading to higher transaction volumes and overall user engagement.
Launched in May 2018, Bitget Wallet has established a strong reputation as a reliable platform for managing cryptocurrency assets.
Its vast user base presents a significant opportunity to introduce Shibarium to millions of new users, further extending the reach of this innovative layer-2 solution.
Recent Achievements
Since its launch in August 2023, the Shibarium network has seen impressive growth.
It recently surpassed two major milestones: exceeding 2 million wallet addresses and reaching over 600 million total transactions.
As of now, the transaction count stands at approximately 645.74 million, with an average daily transaction volume of around 4.58 million.
These figures highlight the increasing adoption of Shibarium, solidifying its position as a key player in the blockchain space.
Path Forward for Adoption
Despite these advancements, Shibarium’s integration into major crypto platforms has been somewhat limited.
Currently, only a few prominent exchanges, such as Gate.io and BluBit, have adopted Shibarium.
Additionally, wallets like Frontier and GroveX have incorporated the blockchain, and MetaMask users can access Shibarium through the Chainlist feature.
The community remains active in advocating for the wider adoption of Shibarium, encouraging major platforms like Binance, Coinbase, and Ledger to provide support.
These efforts are part of a broader strategy to position Shibarium as a widely accessible and versatile layer-2 solution.
Conclusion
The integration of Shibarium into Bitget Wallet marks a significant milestone for the ecosystem.
With Bitget’s extensive global user base, this development has the potential to catalyze substantial growth and activity within the Shibarium network.
As the community continues to push for broader adoption across exchanges and wallets, the future of Shibarium appears promising, with opportunities for further expansion and increased user engagement on the horizon.
For more Daily Crypto News and updates like this, join the newsletter or opt-in for push notifications.
Follow us on CoinMarketCap.
Also Read: Shiba Inu Sees A Surge In Popularity Now Welcoming 7,548 New Wallets
About The Author
Leave your thoughts below
Read Daily Market News – https://franknez.com/ for more news and updates like this