Shiba Inu Team Fixes Shibarium Outage As SHIB Readies For Potential Surge
In a recent update, Shiba Inu developer Kaal Dhairya (@kaaldhairya), confirmed that a temporary outage affecting the Shibarium network has been resolved. The outage, triggered by networking issues among validators, briefly disrupted services within the Shiba Inu ecosystem, specifically the layer-2 blockchain solution, Shibarium. Kaal detailed the cause and the subsequent resolution of the problem, stating, “There was a temporary Shibarium outage caused because of networking issues amongst the validators. Network is back up and running now.” He also noted that while the primary....
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In a significant development for the Shiba Inu community, Shib CoOp, a Metaverse real estate project, announced the premiere SHIB token burn on Shibarium, marking a significant step forward for the Layer-2 (L2) blockchain network built atop Ethereum. With the launch of Shibarium over two months ago, the platform is designed to host a myriad […]
In a surprising turn of events, Shiba Inu (SHIB) experienced a brief consolidation break, reaching a 10-day high of $0.00000850, following the overall market uptrend on Tuesday. This upswing was further fueled by Grayscale’s legal victory against the US Securities and Exchange Commission (SEC). However, Shibarium, the Ethereum layer-2 network backed by SHIB tokens, was the most significant catalyst for the newfound optimism. Shibarium’s Resurgence Fuels Bullish Sentiment For SHIB Price Shibarium, the layer-2 blockchain explicitly designed for the Shiba Inu token SHIB, has....
Shibarium, the scaling solution from the Shiba Inu team, has achieved new milestones after experiencing a significant wave of adoption and user engagement following its launch. SHIB Community Euphoria Sparks Shibarium Meteoric Rise According to a report on August 21, the Shiba Inu ecosystem recorded an astonishing number of new wallets, with over 10 million wallets registered following the launch of the Shibarium network. The layer-2 network also recorded over 160 million compute units and a large deposit of ETH and BONE tokens, 1,000 and 600,000 respectively. Related Reading: Gemini....
Key Shibarium metrics suggest the Shiba Inu ecosystem might be gearing up for a push to the upside. Notably, Shibarium’s transaction data has seen triple-digit percentage jumps in transactions and fees paid in BONE over the past week. This suggests Shiba Inu might be receiving increased attention from traders, a scenario that may result in SHIB rebounding at a crucial support level during the course of the week. Shibarium Sees Massive Surge In Activity Over the Weekend According to the latest data, transactions on the Shibarium network exploded over the weekend, soaring a whopping....
The burning of SHIB tokens has become an important part of the Shiba Inu community. Each week, tokens are sent to a ‘burn’ address by community members as they try to reduce the supply of the token. This is why the introduction of a burn mechanism for the Shibarium Layer 2 network is a welcome development for the community. Lead Dev Says Shiba Inu Burn Portal Is Coming In a tweet shared on X (formerly Twitter) on Monday, Shiba Inu lead marketer LUCIE shared a much-anticipated announcement with the community. Lucie revealed in a screenshot of an exchange with the developer that a Shiba Inu....