Coinbry

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  • BTC Dominance: 49.70%
Bridge relaunch propels Shibarium wallets past 100K

Bridge relaunch propels Shibarium wallets past 100K

– Shytoshi Kusama, co-founder of the SHIB token, announced that the Shibarium blockchain has surpassed 100,000 wallets on its platform.

– Within 24 hours of Shibarium’s relaunch on August 28, 35,000 new wallets were created.

– The number of wallets increased from 65,000 to over 100,000 in just 24 hours.

– Kusama confirmed that Shibarium is back up and running and thanked Sandeep Nailwal, co-founder of Polygon Labs, for assisting with the reboot.

– The relaunch had a positive impact on SHIB’s price, increasing by 3.6% in the last 24 hours.

– However, SHIB is still down 14.3% from its price at the time of the outage.

– The Shibarium team has scaled the server infrastructure by 1500% to better manage congestion on-chain.

– Shibarium is an Ethereum layer-2 network that uses SHIB for gas fees and focuses on gaming and metaverse applications.

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