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In a groundbreaking feat, the Shibarium network, designed as a layer-2 blockchain to enhance scalability, achieved a significant milestone recently by confirming 1 million blocks. Shiba Inu decided to dive into the decentralized finance [DeFi] pool and even thrive in it with Shibarium . Shibarium faced several unexpected hurdles upon its launch. This primarily stemmed from an abrupt surge in demand that led to a congestion issue within a single block. As a result, the network had to activate fail-safe mode. This posed substantial challenges that needed to be addressed. However, after a brief pause, Shibarium made a strong comeback. It accomplished the noteworthy milestone of confirming 1 million blocks, averaging an impressive rate of one block every 5 seconds. Additionally, on Sept. 21, the network recorded a staggering 3 million transactions verified within 745,837 blocks. During this period, it witnessed a remarkable addition of over 36,000 new wallet addresses. At present, the ...

Shiba Inu’s layer-2 solution Shibarium could most likely be released in August, said the lead developer Shytoshi Kusama on Thursday. In a recently published blog, Shytoshi said that the L2 blockchain “will be likely” released at the Blockchain Futurist Conference. The blockchain event will be held on August 15th and 16th in Toronto, Canada. Even before the Mainnet launch, Shibarium ’s Testnet ‘Puppynet’ experienced a surge in transactions including the total number of blocks produced. Also Read: Shiba Inu: Here’s When SHIB Could Reach $0.50 or $1 Source: Coingecko The total transactions executed on Puppynet currently stands at 27,043,014 and the total blocks produced at 1,562,978. In addition, the network’s average block time is 6.8 seconds making transactions smoother and faster. Therefore, Shibarium could see a surge in transactions after the Mainnet goes live this year. Shiba Inu: Could Shibarium’s Launch Propel SHIB’s...

BONE is the Shiba Inu ecosystem’s governance token and gas token for the Shibarium Layer-2 blockchain. Traders didn’t immediately respond to BONE listing news on Swyftx and trading 3% down in the last 24 hours. Swyftx Listed Shiba Inu Ecosystem’s BONE Token Australia-headquartered crypto exchange Swyftx in a tweet on June 12 revealed that it has listed Bone ShibaSwap (BONE) token on the platform. Users can now start trading the Shibarium Layer-2 blockchain’s gas token BONE. On Friday, Swyftx launched a poll related to its upcoming token listings. In the poll, it asked the community to vote on whether they want Alchemy Pay (ACH) and Bone ShibaSwap (BONE) on the exchange. According to the results, BONE received 90.7% of the votes, while Alchemy Pay gathered only 9.3 percent of the votes. The Shiba Inu community appreciated the exchange for listing the BONE token as it is expected to gather the same attention as Shiba Inu. Recommended Arti...

Meme coins, including Shiba Inu, have been gaining popularity. Even though 2022 proved to be a fatal year in terms of cryptocurrency prices, 2023 is beginning on a positive note. Shiba Inu has also been demonstrating an increased amount of SHIB burns ever since the beginning of the year. This is the case, minus a few days. The cryptocurrency market has also been putting on a positive rally, with Bitcoin and other altcoins up by double digits over the last few days. Read more: Binance Obtains Regulatory Approval to Provide Crypto Services in Poland Even though the rally seems to be over and the prices seem to have stabilized, Shiba Inu put on a show with a 16.4% gain in value over the last 24 hours. Let us look at the possible reason behind this Shiba Inu pump. Source: Analytics Insight Shiba Inu price spike majorly due to anticipation of Shibarium The Shiba Inu community is one of the strongest armies in the cryptocurrency realm. The community has been highly antici...