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.
Shibarium, the Shiba Inu Layer 2 solution, is preparing to go public with exciting updates and enhancements, including a new monitoring system, additional fail-safes, and a revamped testnet explorer called Puppyscan.
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's fast transaction speed and the burning of SHIB tokens could lead to a potential breakout for the Shiba Inu token, while Bone ShibaSwap has seen a significant amount of tokens staked, indicating user confidence and potential rewards.
The SHIB community has successfully burnt 350 million Shiba Inu coins, locking them in unspendable wallets, in an effort to reduce supply and potentially increase its value, as the launch of the Shibarium Layer-2 blockchain approaches.
The Shiba Inu blockchain, Shibarium, is ready for its public (re)launch after resolving initial issues, and Everlodge is selling out of its presale as it aims to democratize fractional ownership of vacation rental properties through blockchain and NFTs.
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.
Token withdrawals from the Shibarium bridge are now available to users after a troubled launch, with developers implementing measures to prevent future outages and working with Polygon blockchain developers to address potential issues.
Shibarium, a layer-2 blockchain developed by the Shiba Inu team, has reopened fund withdrawals on its bridge to Ethereum, allowing users to move assets between the two networks.
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.
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.
Shiba Inu's Shibarium has partnered with fast food franchise Welly to bring transparent and incentivized dining experiences using blockchain technology, with plans to expand globally; the collaboration will be discussed at Benzinga's Future of Digital Assets conference on Nov. 14.
