Shiba Inu's layer-2 network, Shibarium, has surpassed one billion total transactions, showcasing its steady growth and adoption within the Shiba Inu ecosystem.
Despite the milestone, the price of SHIB has struggled to gain positive momentum and remains under bearish pressure along with the rest of the crypto market.
The detachment between Shibarium milestones and SHIB's price is due to the fading hype and the general bearishness of the crypto market.
Currently, SHIB's price is holding flat near $0.000012, with a risk of falling below this level in the near future.