Shiba Inu’s Shibarium Mainnet Launch Faces Challenges
Shiba Inu has recently launched its highly anticipated layer 2 blockchain, Shibarium. However, the launch did not go smoothly, leading to several issues and challenges. Here are the key points:
1. Stalled Transactions: The blockchain scanner for Shibarium revealed that transactions on the protocol were experiencing significant delays for several hours.
2. Inaccessible Mainnet RPC: The Shib Mainnet RPC, which should be accessible through a specific website, is not functioning properly.
3. Bridging Difficulties: Reports suggest that bridging to Shibarium is currently impossible, adding to the overall frustration and disappointment.
4. Price Decline: The underwhelming launch of Shibarium may be the primary reason behind the recent decline in Shiba Inu’s price over the past 24 hours.
It is evident that the launch of Shibarium has encountered technical difficulties, causing inconvenience for users and affecting the price negatively. As the Shiba Inu community eagerly awaited this development, the current setbacks are disappointing. It remains to be seen how the project will address these challenges and regain confidence from the crypto community.
Hot Take:
The launch of Shibarium serves as a reminder that even highly anticipated projects can face unforeseen obstacles. It highlights the importance of thorough testing and preparation before such significant releases. While the setbacks are discouraging, they also present an opportunity for the Shiba Inu team to learn from the experience and make necessary improvements. The crypto community will be closely watching how the project recovers from this setback and whether it can regain its momentum in the future.
By
By
By
