The Relaunch of Shiba Inu’s (SHIB) Layer-2 Scaling Solution Shibarium
The relaunch of memecoin Shiba Inu’s layer-2 scaling solution Shibarium has attracted over 50,000 wallets, leading to a surge in Bone ShibaSwap (BONE) token value. Shibarium faced technical difficulties due to the overwhelming number of new users and transactions, which resulted in a temporary shutdown. Shytoshi Kusama, the project’s lead developer, stated that more network validators would be added to accommodate the increased activity. The successful relaunch caused BONE’s value to rise from $1.36 to $1.45, a 6.6% increase in one day. Meanwhile, rival meme asset Pepe (PEPE) experienced a 15% dip in the last 24 hours, and Shiba Inu’s value decreased by 1%.
Key Points:
– Shibarium’s relaunch attracted over 50,000 wallets.
– BONE experienced a 6.6% increase, reaching $1.45 in value.
– Pepe (PEPE) saw a 15% dip in value.
– Shiba Inu’s value decreased by 1%.
Hot Take:
The relaunch of Shibarium has been a success, attracting a significant number of new users. BONE’s rally demonstrates the growing interest in Shiba Inu’s layer-2 scaling solution. However, the volatility in the market is evident with the dip in Pepe’s value and the slight decrease in Shiba Inu’s value. Crypto enthusiasts should keep a close eye on these developments and the overall market trends.
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