Shibarium, Shiba Inu’s layer-2 solution, has reached a significant milestone, positively impacting SHIB’s price. This article explores the recent developments and their implications for the Shiba Inu ecosystem.
Points
- Shibarium hits a major milestone with its layer-2 solution.
- SHIB price reacts positively to the news.
- Continued growth in block count and transaction metrics.
- Future plans include a layer-3 solution for enhanced scalability.
Shibarium, the layer-2 solution for Shiba Inu, has reached a highly anticipated milestone, marking a significant achievement for the Shiba Inu ecosystem. This development has had a positive impact on SHIB’s price, which has soared following the announcement.
Shibarium’s Milestone and Its Impact
Since its launch, Shibarium has struggled with massive traffic, requiring assistance from partners like the Polygon team. However, the network has now stabilized, and the SHIB team, led by the mysterious Shytoshi Kusama, has successfully raised $12 million for the development of a layer-3 solution. This new layer aims to streamline transactions, reduce gas fees, and enhance user data protection.
Growth in Metrics
The milestone has also seen substantial growth in key metrics. The total transaction count on Shibarium now stands at 417,991,273, with 1,811,144 connected wallets. These numbers reflect the increasing adoption and usage of Shibarium, contributing to SHIB’s recent price surge. Between Thursday and Saturday, SHIB experienced a rise of over 9%, although it did face a minor correction on Sunday.
Future Developments and Scalability
Looking ahead, the SHIB team plans to introduce a layer-3 solution to further enhance the network’s scalability and efficiency. This development is expected to drive more interest and investment in the Shiba Inu ecosystem, positioning it as a strong contender in the cryptocurrency market.
解説
- Layer-2 Solution: A secondary framework built on top of a blockchain to improve its scalability and efficiency.
- Gas Fees: Transaction fees paid by users to compensate for the computing energy required to process transactions on a blockchain.
- Scalability: The capability of a blockchain network to handle a growing amount of work or its potential to be enlarged to accommodate that growth.