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.
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.
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.
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 (SHIB) is predicted to continue on a bearish path until the end of the month, but there are expectations of a rise towards the end of August and potential growth in prices with increased adoption and the introduction of a new burn mechanism.
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.
The relaunch of Shiba Inu's layer-2 scaling solution, Shibarium, has attracted over 50,000 wallets and caused a rally for Bone ShibaSwap, resulting in a 6.6% increase in one day for the altcoin.
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.
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.
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.
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.
The recent increase in network activity on the Shibarium Layer-2 network and the corresponding rise in the SHIB token burn rate could potentially impact Shiba Inu (SHIB) prices positively, potentially triggering an increase in demand and a rebound in prices.
