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Shiba Inu Team Announces an Important Upgrade on Shibarium: Details

Shiba Inu Team Announces an Important Upgrade on Shibarium: Details

CryptopotatoCryptopotato2024/04/19 19:19
By:Dimitar DzhondzhorovMore posts by this author

Check out the latest development related to Shibarium.

TL;DR

  • Shibarium, Shiba Inu’s layer-2 scaling solution, released a new update to improve user experience and platform speed.
  • Since its launch, the network has achieved notable milestones, including over 400 million transactions and a recent surge in daily transactions, which may positively impact SHIB’s price.

Shibarium Keeps Progressing

The team behind Shiba Inu’s layer-2 scaling network – Shibarium –  revealed  the launch of a new user interface (UI) update, describing it as “faster, smoother, and more accessible than ever.” The developers also expanded compatibility with popular self-custody wallets such as MetaMask, Trust Wallet, Coinbase Wallet, and others.

“We reworked the platform from the ground-up to prioritize the user experience and speed,” the annoucnement reads.

Subsequently, the team highlighted its efforts towards making blockchain technology “more intuitive and powerful.”

Shibarium’s Latest Milestones

Officially  launched  in August last year, the L2 blockchain solution aims to enhance the scalability, efficiency, and functionality of SHIB transactions. It blasted through numerous milestones as of late, such as  crossing  the 400 million mark in terms of total transactions. In addition, total blocks on the network  exceeded  4 million.

Most recently, Shibarium witnessed a resurgence in the number of daily transactions. Earlier this week, the figure  climbed  to almost 1 million, while at the start of April, it struggled to surpass 15,000. 

Some believe that further advancement of the Shibarium ecosystem could positively impact the price of Shiba Inu. Meanwhile, SHIB is up 5% daily following an overall revival of the market

Those curious to learn more about Shibarium’s purposes and specifics, feel free to take a look at our dedicated video below:

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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