The launch of Shibarium, Shiba Inu’s layer 2, has unleashed a massive wave of engagement, with over 10 million new wallets registered, signifying robust trust and interest in the meme token ecosystem. Recent on-chain data also showcased an impressive 160 million compute units and significant deposits of ETH and BONE tokens.
Shibarium’s grand debut diverged from the ordinary trajectory of typical layer 2 launches. A series of initial hiccups garnered the spotlight, attributed primarily to an overwhelming surge in traffic that temporarily halted the Shibarium network for 30 minutes.
Additionally, a bridge issue contributed to the launch’s tumultuous start. Throughout these challenges, Shytoshi Kusama, the project’s lead, remained resolute, providing much-needed clarifications to quell investors’ apprehensions during these crucial moments.
Beneath this surface of enthusiasm lies the remarkable spirit of the SHIB community. This fervor manifested in the token’s impressive price performance, where SHIB emerged as a beacon of green amidst a sea of red, surging by as much as 4%. Notably, SHIB managed to outpace its renowned meme counterpart, DOGE, in terms of daily price performance, according to data sourced from CoinMarketCap.
Shiba Inu: Shibarium’s Grand Reopening Spurts Adoption
Undoubtedly, the impending relaunch of Shibarium stands as the driving force behind this surge. Kusama’s latest update touts the enhanced and optimized state of Shibarium, signaling its imminent reopening to the public. Another catalyst behind the SHIB token’s value surge could be attributed to the notable accumulation by whale investors in recent days.
Simultaneously, the Shibarium gas token and the Shiba Inu governance token, BONE, also gained traction in a new exchange. Lucie, a prominent figure within the Shiba Inu team, highlights this significant development.
Turkey’s ICRYPEX crypto asset platform has announced the listing of BONE alongside other prominent cryptocurrencies. This milestone marks BONE’s availability for trading on the ICRYPEX platform, setting the stage for new possibilities and wider adoption.
In this narrative of innovation, resilience, and surging engagement, Shibarium stands as a testament to the boundless potential of blockchain technology and the unwavering dedication of the SHIB community.