Shiba Inu’s Shibarium Scaling Final Update
Shiba Inu’s lead developer, Shytoshi Kusama, has announced the reopening of the Shibarium L2 network to the public. He expressed gratitude to Polygon, Unification, and developers for their support during the mainnet downtime. The Shibarium mainnet has been producing blocks since August 24 and has gained over 65,000 wallets and 350,000 transactions.
Key Points:
– Shibarium has accumulated over 65,000 wallets and 350,000 transactions.
– The mainnet has been producing blocks since August 24.
– Shytoshi Kusama thanked the Polygon team for their assistance during the incident.
– Funds are safe and the bridge is functioning correctly.
– Withdrawals of SHIB, LEASH, and WETH through the bridge take 45 minutes to 3 hours, while BONE withdrawals can take up to 7 days.
– Be cautious when investing in tokens built on Shibarium and conduct thorough due diligence.
SHIB and BONE Prices Under Pressure
Following the reopening of Shibarium, BONE and LEASH tokens experienced a 15% increase. However, the price of SHIB has been under pressure, falling 2% in the past 24 hours and currently trading at $0.0000079. BONE is trading at $1.33, down 3% in the last 24 hours. Despite the price fluctuations, the number of SHIB and BONE holders is rapidly increasing.
Hot Take:
The reopening of Shibarium’s L2 network is a significant milestone for the Shiba Inu ecosystem. With the support of Polygon and other developers, the team was able to address the mainnet downtime and ensure the safety of funds. However, the fluctuating prices of SHIB and BONE indicate the volatility of the crypto market. Investors should exercise caution and conduct thorough research before investing in tokens built on Shibarium.
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