Shiba Inu Community Leaves Shibarium Launch Troubles Behind As Wallet Count Crossed 10 Million
22 Agosto 2023 - 10:50AM
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Shibarium, the scaling solution from the Shiba Inu team, has
achieved new milestones after experiencing a significant wave of
adoption and user engagement following its launch. SHIB
Community Euphoria Sparks Shibarium Meteoric Rise According to a
report on August 21, the Shiba Inu ecosystem recorded an
astonishing number of new wallets, with over 10 million wallets
registered following the launch of the Shibarium network. The
layer-2 network also recorded over 160 million compute units and a
large deposit of ETH and BONE tokens, 1,000 and 600,000
respectively. Related Reading: Gemini Hits Back At SEC
Lawsuit With Dismissal Filing Shibarium’s unexpected rise in user
adoption has not been the only noteworthy change the layer 2
scaling solution has experienced. According to reports, Shibarium
has experienced a staggering increase in BONE staking. Over
7,569,580 BONE Shibaswap tokens were staked on the Shibarium
network. The Shiba Inu community’s response to the Shibarium
launch has left the SHIB team members dumbfounded. The enormous
engagement from the community reportedly led to a temporary
suspension of Shibarium for 30 minutes as the network’s capacity
was overwhelmed by the unusual level of user activities.
Lucie, a marketer for the Shiba Inu ecosystem, was astonished by
the overwhelming success Shibarium experienced. She revealed in a
post on X that the Shiba Inu development team had miscalculated the
amount of adoption and interest the Shibarium mainnet would
garner. Let’s be honest! My $BONE, $SHIB, and $LEASH dropped
a lot, just like the whole market. Was I unhappy with
@ShytoshiKusama? No! They kept their promises, but they made one
mistake. They didn’t understand how much the #SHIBARMY wanted to be
on #Shibarium. I’m glad they… pic.twitter.com/z6kUSpUKQx — 𝐋𝐔𝐂𝐈𝐄 |
Summer of Shibarium (@LucieSHIB) August 20, 2023 She also
highlighted that the unexpected surge in adoption may have been
fueled by the community’s desire to embrace the benefits of
potential low-cost transactions and increased efficiency on the
Shibarium mainnet. SHIB falls below critical support level |
Source: SHIBUSD on Tradingview.com Shiba Inu Lead Developer
Addresses Shibarium Network Issues Following the temporary halt of
the Shibarium network, Shiba Inu’s head developer, Shytoshi Kusama
addressed investors’ concerns regarding the halt. He pointed out
that the issues rose from an unexpected increase in users, while
reports revealed that transactions on Shibarium were paused for
over 10 hours as a result of a server failure and a faulty
bridge. Related Reading: Dogecoin Proof Of Stake Discussion
Heats Up As Lead Dev Chimes In Kusama has, however, reassured the
SHIB community, stating that the Shibarium mainnet was proceeding
smoothly. He explained that the Shibarium network was undergoing
various tests and reconfigurations to ensure that the network can
withstand a high influx of users in the future. He further
added that several features have been integrated into the network
including a rate-limiting at RPC level and an auto server reset to
prevent future outages. Following this, reports suggest that
Shibarium’s testing processes have seen significant success and the
network is poised to reopen soon. Featured image from
Unsplash, chart from Tradingview.com
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