The test version of Shibarium, called Puppynet, has reached new milestones and set records with over 32 million transactions, while the number of wallets connected to Puppynet has been updated downward; meanwhile, Shibburn explorer reports that close to 100 million SHIB tokens have been burned in the last 24 hours.
Shiba Inu's layer-2 network, Shibarium, is set to relaunch to the public following the resolution of issues that caused its initial shutdown, with enhanced features implemented to handle future traffic spikes and plans for the addition of more validators.
Shibarium, the Layer 2 protocol for Shiba Inu, is almost ready for reopening after experiencing initial technical issues, according to lead developer Shytoshi Kusama; a pro-XRP attorney states that the SEC lawsuit has caused significant damage to Ripple and XRP's adoption, delaying their progress by three years; scammers are targeting the Shiba Inu community with fake accounts and fraudulent links.
Shiba Inu (SHIB) has seen a 4% increase in the past 24 hours following the announcement of Shibarium's impending relaunch, showcasing the project's potential beyond its meme coin origins.
Shiba Inu's layer-2 scaling solution, Shibarium, is set to reopen to the public after resolving technical issues caused by a high influx of users and transactions.
The Shibarium community, known as Shib Army, is excited about the progress of the blockchain technology platform and its upcoming public launch, which has undergone thorough testing and implemented safety measures to provide users with a smooth and dependable experience.
Despite the launch of the Shibarium Layer 2 protocol being abruptly halted for repairs, the majority of Shiba Inu (SHIB) investors find themselves in significant losses, with 74% of SHIB holder addresses in the red and a total of 951,320 addresses trapped in losses.
Shiba Inu's layer-2 blockchain Shibarium has seen a significant increase in interacting wallet addresses, surpassing 48,000, and has achieved positive results in transaction count and block production, recording its highest daily transactions at 100,905.
CoinGecko and its DEX tracking platform, GeckoTerminal, have integrated Shibarium, a layer-2 blockchain built on Ethereum by the Shiba Inu project, allowing users to track all tokens within the Shiba Inu ecosystem.
Popular exchange Bitstamp has highlighted the upcoming relaunch of Shibarium as one of the top three crypto trends of the week, following the blockchain project's technical issue during its initial launch.
Shibarium, the scalable and decentralized solution for Shiba Inu, has launched in private mode, attracting new users and showing significant growth in wallet addresses and transactions on the blockchain.
Despite the relaunch of the Shibarium layer-2 network, the price of Shiba Inu (SHIB) is not rallying and is attracting bearish sentiments, causing panic among investors.
Shiba Inu's scaling solution Shibarium is now live and functioning well, allowing users to withdraw SHIB, WETH, LEASH, and BONE tokens with withdrawal times ranging from 45 minutes to 7 days.
Shibarium, an Ethereum layer-2 network supported by Shiba Inu's SHIB tokens, aims to facilitate faster and more private off-chain transactions while leveraging the security of the Ethereum blockchain, but the recent launch of the Shibarium Bridge faced initial challenges before becoming fully functional. Nevertheless, Shibarium has ambitious goals, including catering to metaverse and gaming applications, offering cost-effective settlement options for DeFi, and showcasing the potential of the Shiba Inu project beyond its origins as a meme coin.
A Shiba Inu whale moves trillions of SHIB tokens after the project's layer-2 scaling solution, Shibarium, is brought back online, following technical difficulties and an influx of users.
The Shibarium network, which faced a problematic launch due to software bugs and resulted in millions of dollars in limbo, is now showing signs of resilience as 600,000 wallets and over 700,000 transactions have occurred on the platform, with token withdrawals now available to users.
