OkCoinJapan announces support for Shiba Inu on the Polygon network

In a significant development for the cryptocurrency world, OkCoinJapan, a leading digital currency trading platform in Asia, has announced its plans to list new tokens, including the Shiba Inu (SHIB) token based on the Polygon protocol.

Timeline of Polygon, Shiba-inu

Shibarium, Shiba Inu's Layer 2 network, has reached new milestones with 634,438 wallet addresses and 698,607 transactions. Despite initial technical challenges, collaborations with Alchemy have scaled operations, and asset withdrawals now occur within 45 minutes to 3 hours.

Following a bumpy start, Shiba Inu's (CRYPTO: SHIB) layer-two protocol, Shibarium, has made a comeback. What Happened: After encountering a glitch during the beta version launch, developers took action to rectify the issue.

In a recent revelation that has sent ripples through the cryptocurrency community, Sandeep Nailwal, the founder of Polygon Labs, announced a significant upgrade to Polygon's native token, MATIC. The token is set to metamorphose into POL, a groundbreaking “third-generation” cryptocurrency.

Polygon's native token, MATIC, is poised for a transformation. Sandeep Nailwal, the founder of Polygon Labs, has hinted at a significant technical upgrade that would evolve MATIC into POL, touted as a “third-generation token.

In a surprising turn of events, Shiba Inu (SHIB) experienced a brief consolidation break, reaching a 10-day high of $0.00000850, following the overall market uptrend on Tuesday. This upswing was further fueled by Grayscale's legal victory against the US Securities and Exchange Commission (SEC).

Polygon Labs founder Sandeep Nailwal says Polygon's (MATIC) upcoming upgrade will transform its native asset into a “third-generation token.” The Polygon community is currently mulling a technical proposal that would upgrade the project's native MATIC token and rename it to POL. The proposal is part of the network's transition to Polygon 2.

For the past two weeks, the Shiba Inu price has been trading sideways reflecting indecisive sentiment around the crypto space. However, the daily chart indicates this consolidation is confined within two converging trendlines indicating the formation of a symmetrical triangle pattern.

Last week, Shiba Inu (SHIB), the second largest meme coin by market capitalization, experienced a significant extraction of over 2 trillion SHIB tokens, sparking controversy within the crypto community regarding the token holders and their intentions.

Shiba Inu Layer 2 blockchain Shibarium has relaunched, much to the delight of the SHIB and wider crypto communities. Barely days after officially going live, Shibarium has set new milestones, and excitement remains about the prospects of the blockchain.

Astonishing developments have rocked the Shiba Inu token (SHIB) ecosystem, as an unprecedented surge in substantial on-chain transactions was revealed by IntoTheBlock. The standout highlight is the jaw-dropping 700% surge in large transactions valued at $100,000 or more, a meteoric rise that transpired within a mere two-day span since the beginning of the week.