• bitcoinBitcoin (BTC) $ 114,087.00
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  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.88
  • bnbBNB (BNB) $ 1,012.22
  • solanaSolana (SOL) $ 210.15
  • usd-coinUSDC (USDC) $ 0.999609
  • staked-etherLido Staked Ether (STETH) $ 4,156.02
  • dogecoinDogecoin (DOGE) $ 0.233328
  • tronTRON (TRX) $ 0.337071
  • cardanoCardano (ADA) $ 0.800483
  • wrapped-stethWrapped stETH (WSTETH) $ 5,046.79
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  • chainlinkChainlink (LINK) $ 21.49
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  • ethena-usdeEthena USDe (USDE) $ 1.00
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.05
  • avalanche-2Avalanche (AVAX) $ 30.48
  • hyperliquidHyperliquid (HYPE) $ 45.54
  • stellarStellar (XLM) $ 0.370409
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  • bitcoin-cashBitcoin Cash (BCH) $ 560.10
  • wrapped-eethWrapped eETH (WEETH) $ 4,476.57
  • wethWETH (WETH) $ 4,157.15
  • hedera-hashgraphHedera (HBAR) $ 0.215839
  • leo-tokenLEO Token (LEO) $ 9.61
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  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • usdsUSDS (USDS) $ 0.999719
  • usdt0USDT0 (USDT0) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 114,112.00
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • the-open-networkToncoin (TON) $ 2.68
  • crypto-com-chainCronos (CRO) $ 0.194612
  • mantleMantle (MNT) $ 1.91
  • whitebitWhiteBIT Coin (WBT) $ 42.00
  • polkadotPolkadot (DOT) $ 3.96
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.203274
  • moneroMonero (XMR) $ 288.29
  • uniswapUniswap (UNI) $ 7.67
  • daiDai (DAI) $ 0.999411
  • aaveAave (AAVE) $ 274.98
  • okbOKB (OKB) $ 189.50
  • pepePepe (PEPE) $ 0.000009
  • ethenaEthena (ENA) $ 0.561617
  • bitget-tokenBitget Token (BGB) $ 5.31
  • nearNEAR Protocol (NEAR) $ 2.77
  • jito-staked-solJito Staked SOL (JITOSOL) $ 258.92
  • aster-2Aster (ASTER) $ 1.83
  • aptosAptos (APT) $ 4.26
  • bittensorBittensor (TAO) $ 307.77
  • memecoreMemeCore (M) $ 1.92
  • myx-financeMYX Finance (MYX) $ 15.35
  • ethereum-classicEthereum Classic (ETC) $ 18.46
  • ondo-financeOndo (ONDO) $ 0.889211
  • story-2Story (IP) $ 8.91
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • worldcoin-wldWorldcoin (WLD) $ 1.27
  • binance-staked-solBinance Staked SOL (BNSOL) $ 226.10
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,153.67
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.226297
  • paypal-usdPayPal USD (PYUSD) $ 0.998887
  • internet-computerInternet Computer (ICP) $ 4.22
  • arbitrumArbitrum (ARB) $ 0.415197
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.61
  • pi-networkPi Network (PI) $ 0.267401
  • plasmaPlasma (XPL) $ 1.21
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • susdssUSDS (SUSDS) $ 1.07
  • kaspaKaspa (KAS) $ 0.076783
  • falcon-financeFalcon USD (USDF) $ 0.998173
  • gatechain-tokenGate (GT) $ 16.54
  • kucoin-sharesKuCoin (KCS) $ 15.34
  • pump-funPump.fun (PUMP) $ 0.005467
  • flare-networksFlare (FLR) $ 0.026183
  • cosmosCosmos Hub (ATOM) $ 4.09
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,382.65
  • vechainVeChain (VET) $ 0.021946
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,756.12
  • usdtbUSDtb (USDTB) $ 1.00
  • algorandAlgorand (ALGO) $ 0.208279
  • hash-2Provenance Blockchain (HASH) $ 0.036725
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 45.69
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.028105
  • render-tokenRender (RENDER) $ 3.41
  • sei-networkSei (SEI) $ 0.279719
  • bfusdBFUSD (BFUSD) $ 0.999357
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,383.58
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  • filecoinFilecoin (FIL) $ 2.19
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,491.40
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  • tether-goldTether Gold (XAUT) $ 3,839.44
  • jupiter-exchange-solanaJupiter (JUP) $ 0.443031
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,403.56
  • xdce-crowd-saleXDC Network (XDC) $ 0.072586
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 114,112.00
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  • optimismOptimism (OP) $ 0.668453
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  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 239.48
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.13
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 113,892.00
  • pax-goldPAX Gold (PAXG) $ 3,842.28
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  • zcashZcash (ZEC) $ 68.24
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,474.08
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997867
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999499
  • blockstackStacks (STX) $ 0.580544
  • lido-daoLido DAO (LDO) $ 1.12
  • curve-dao-tokenCurve DAO (CRV) $ 0.686439
  • aerodrome-financeAerodrome Finance (AERO) $ 1.05
  • msolMarinade Staked SOL (MSOL) $ 278.96
  • fasttokenFasttoken (FTN) $ 2.17
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 113,912.00
  • spx6900SPX6900 (SPX) $ 1.00
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  • saros-financeSaros (SAROS) $ 0.340543
  • kaiaKaia (KAIA) $ 0.152426
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  • clbtcclBTC (CLBTC) $ 111,855.00
  • the-graphThe Graph (GRT) $ 0.081679
  • pyth-networkPyth Network (PYTH) $ 0.148110
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,025.77
  • pendlePendle (PENDLE) $ 4.70
  • flokiFLOKI (FLOKI) $ 0.000082
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  • global-dollarGlobal Dollar (USDG) $ 0.999781
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  • theta-tokenTheta Network (THETA) $ 0.690113
  • falcon-finance-ffFalcon Finance (FF) $ 0.291711
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998433
  • aethirAethir (ATH) $ 0.055784
  • iotaIOTA (IOTA) $ 0.165270
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  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.03
  • galaGALA (GALA) $ 0.014474
  • ethereum-name-serviceEthereum Name Service (ENS) $ 19.97
  • newton-projectAB (AB) $ 0.008313
  • the-sandboxThe Sandbox (SAND) $ 0.266714
  • beldexBeldex (BDX) $ 0.087596
  • vaultaVaulta (A) $ 0.401156
  • gtethGTETH (GTETH) $ 4,150.46
  • stader-ethxStader ETHx (ETHX) $ 4,447.59
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,157.15
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.84
  • zero-gravity0G (0G) $ 2.90
  • jito-governance-tokenJito (JTO) $ 1.58
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,146.75
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.233358
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  • bybit-staked-solBybit Staked SOL (BBSOL) $ 232.51
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  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.10

Shibarium Block Time Skyrockets 62%, Is This Good Thing?

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Shibarium Block Time Skyrockets 62%, Is This Good Thing?

Shibarium, Shiba Inu’s layer-2 blockchain solution, has witnessed an unusual change in its block time, which could negatively impact transactions on the network. According to Shibariumscan data, the average block time has increased by 62%.

Why Shibarium block time matters

Notably, the average block time on Shibarium prior to now is pegged at 5.0 seconds. This helps to ensure new transactions are quickly added to the blockchain, an appealing feature for users of the ecosystem.

However, the block time has increased appreciably to 8.1 seconds. This means that Shibarium is now getting slower at producing new blocks than it used to. This 62% spike in new block addition implies that transaction processing could take longer.

Shibarium may experience congestion and reduced validator activity in the future unless something is done about it. As long as this slow performance persists, developers and users may face challenges with Shibarium.

This slower block time could affect apps and games built on Shibarium. For instance, Shiba Eternity users might experience lag time on the platform due to the current 62% spike in block time.

No official communication from the Shibarium team has been made regarding the reason for this increase in block time.

Is adoption causing strain on Shibarium?

Despite the spike in block time, the last logged volume of daily transactions stands at 4.51 million. However, if nothing is done to reduce block time, this figure could plummet rapidly as congestion builds up.

This is likely to occur given the recent increase in adoption. Shibarium recently recorded a 7,154% surge as it gained market attention among users. Such a surge when block time has increased is likely to cause issues.

Many users and developers await a reversal to the previous 5.0-second block time to ensure seamless performance.

Source

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