Shibarium Gears Up for Second Chance, Will New Features Boost the Native Coins Bone & Leash

After facing a bumpy start, Shiba Inu's much-anticipated Shibarium project is preparing for another shot at a successful launch. Despite serving as the backbone infrastructure of the blockchain, Shibarium encountered a setback on August 16, resulting in a sharp drop in SHIB's price.

Timeline of Bone-shibaswap, Doge-killer, Shiba-inu

Last week, Shiba Inu (CRYPTO: SHIB) introduced its much-anticipated layer-2 solution, Shibarium, despite some initial hiccups. What Happened: The main objective behind Shibarium's development was to tackle Ethereum's (CRYPTO: ETH) scalability concerns head-on.

Cryptocurrency tracking service Whale Alert has spotted an astounding chunk of Shiba Inu (SHIB) meme coins moved between two unknown wallets. The sum of SHIB in question surpasses a whopping 4.6 trillion coins.

The Shiba Inu (SHIB) development team is diligently progressing toward the relaunch of the Shibarium network. This comes after the initial launch, which was highly anticipated, faced challenges due to network complications and a malfunctioning bridge. Earlier today, Shytoshi Kusama, the pseudonymous lead developer of the project, provided an update on the state of Shibarium.

Days after a much-anticipated network debut was derailed by network problems and a defective bridge, Shiba Inu developers are gradually moving towards a Shibarium network reopening by analyzing validator data and transactions.

Shiba Inu (SHIB) has witnessed an impressive increase in token burns in the past 24 hours, with over 1 billion tokens incinerated. This heightened burn rate comes despite the mounting concerns surrounding the Shibarium mainnet launch.

Shytoshi Kusama, the lead developer of Shibarium, Shiba Inu's Ethereum-based Layer 2 scaling solution, has shared the latest update about the protocol's attempt to relaunch following massive engineering work.

Shiba Inu (SHIB) has recently witnessed a staggering 800% increase in its burn rate, leading to a monumental one billion SHIB tokens being removed from circulation. This dramatic surge in the burn rate has left the crypto community buzzing with speculation and intrigue.

Shiba Inu's lead developer Shytoshi Kusama on Tuesday announces that Shibarium is almost ready to reopen to the public. Shibarium went into the fail-safe mode for testing and tweaking parameters after getting massive traffic on the blockchain.

Shiba Inu has continued to face increasing selling pressure following the launch of the Layer 2 scaling protocol, Shibarium. The second-largest meme coin had rallied for nearly two months starting in July, as the SHIB community prepared for a game-changing rally after the launch of Shibarium.

Shibarium Launch Faces Hurdles as Technical Issues Lead to Market Dips The much-anticipated Shibarium network faced major operational challenges during its recent launch, resulting in a 9% drop in the value of Shiba Inu (SHIB) tokens. After the platform was activated, several users experienced issues related to bridging functions.