Shiba Inu's Shibarium Surpasses 100,000 Wallets on Relaunch, SHIB Price Rises
Summary:
Shibarium, the layer-2 blockchain for Shiba Inu, surpasses 100,000 wallets with a surge of 35,000 in 24 hours since its relaunch. The lead developer confirms the platform's stability, and SHIB's price increases by 3.6%. Server infrastructure is scaled up by 1500% to manage congestion, and Shibarium aims to build gaming and metaverse applications.
Shiba Inu's new layer-2 blockchain, Shibarium, has exceeded 100,000 wallets on its platform, with 35,000 of them being added within 24 hours since its relaunch on August 28. According to Shiariumscan.io, lead developer Shytoshi Kusama confirmed the platform's functionality, revealing that it now boasts 101,277 wallets and 420,897 transactions across 344,614 blocks. This marks a significant increase from the initial 65,000 wallets. Kusama expressed gratitude to Polygon Labs co-founder Sandeep Nailwal for assisting with Shibarium's reboot. The relaunch positively impacted SHIB's price, which rose by 3.6% in the past 24 hours. Nonetheless, SHIB remains 14.3% lower than its price during the outage. Kusama attributed the initial shutdown to an overwhelming number of transactions and users. Meanwhile, the Shibarium team claims to have increased server infrastructure by 1500% to better handle network congestion. Shibarium, an Ethereum layer-2 network, utilizes SHIB for gas fees and aims to develop gaming and metaverse applications.
Published At
8/29/2023 4:13:11 AM
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