The Shiba Inu community was thrilled to learn about the introduction of Shibarium. After many months of testing during which more than 35 million transactions were made on the testnet, the Shibarium mainnet—an Ethereum Layer 2 scaling solution—was released on August 16.
Shiba Inu’s lead, Shytoshi Kusama, saw that the L2 was getting traction from new projects prior to its introduction. The “Summer of Shibarium” era was formally declared by the Shiba Inu Twitter account in accordance with the intriguing possibilities offered.
However, the Singapore-based cryptocurrency exchange Bitrue shares the enthusiasm of the Shiba Inu community for the debut of Shibarium.
Users have the opportunity to get up to 10 million SHIB tokens as part of a major SHIB giveaway that Bitrue has announced.
Shiba Inu lead squashes FUD
Shiba Inu has had its fair amount of FUD directed at the project and the community, just like every other crypto project.
Soon after Shibarium went live, images of the L2 platform’s bridge problems began to spread.
Shiba Inu Lead Shytoshi Kusama has refuted these accusations in light of this, claiming to start: “There is no bridge issue, any screenshot you see of me saying any issue is false, and your funds are safu.”
Kusama provides a glimpse of what actually occurs on the L2 station. He claims that Shibarium is not the cause of the technical difficulties, but rather the enormous increase in transactions and users that occurred immediately after the news of Shibarium’s launch.
The team has been slavishly working to grow and bring the chain up again to be able to manage the enormous influx, the Shiba Inu lead developer informs readers.
In response to recent developments, SHIB was unexpectedly down 9% in the previous 24 hours to $0.0000088 at the time of writing.
