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Shytoshi Kusama, the lead developer of Shiba Inu, made the announcement that Shibarium, the layer-2 scaling solution for the Shiba Inu blockchain, is now operational and "ready for prime time."
Shibarium claims to have surpassed 65,000 wallets and handled 350,000 exchanges
Kusama uncovered that preceding this declaration, the layer had amassed north of 65,000 wallets and handled 350,000 exchanges. A wide range of tokens, ranging from "fun, unusual, to sometimes offensive," have also been used on the platform. Kusama acknowledged the collaborative effort and thanked the Polygon team and numerous others for bringing Shibarium to this point, stating that the "correct one" was to fork Polygon.
Shibarium mainnet launch ends in disaster for the developer
The withdrawal interaction for various tokens on Shibarium, noticing that the framework is intended to call for a particular measure of investment for withdrawals to clear — going from 45 minutes to 3 hours for most tokens, and as long as 7 days for the BONE token. the Shibarium send off has not been going great. The much-anticipated mainnet launch experienced technical difficulties earlier this month. These issues included the mainnet RPC going offline and the alleged locking of a significant amount of Ethereum on its cross-chain bridge. Around then, these errors prompted a drop in Shiba Inu's cost. It has been a rollercoaster venture for the Shiba Inu people group given the token's exceptionally unpredictable execution and later "FUD assaults" pointed toward shaking financial backer certainty.