When the price movement in the ecosystem is taken into account, what was meant to be a happy day for the larger Shiba Inu (SHIB) ecosystem ended up being sad. While most SHIB measures are currently in the negative, data from crypto analytics platform IntoTheBlock (ITB) shows that its Daily Active User (DAU) count has maintained a strong upswing of 37.73% to 8,210 despite these slumps.
The underperformance of SHIB and the other tokens in the Shiba Inu ecosystem has mostly been caused by dampened mood brought on by the almost disastrous introduction of the Shibarium protocol, along with general market attitude. Bone ShibaSwap (BONE) has fallen as far as 11.09% to $1.27, while SHIB is down 9.08% to $0.000008726.
Even if the market looks to be returning to normal as of this writing, as seen by modest increases in some of the top tokens, SHIB-based tokens like Doge Killer (LEASH), which have fallen as steeply as 19% to $452.10, have not changed.
Although Shiba Inu can take advantage of any recently introduced market momentum to reverse its pessimistic pricing forecast, core developers’ efforts to ease the burden on the Shibarium ecosystem, like those of Shytoshi Kusama, are essential.
Moving ahead
As today was scheduled to be the first full day since the mainnet deployment of the scaling solution, a lot of milestones were put on hold as a result of the malfunction Shibarium experienced today.
According to prior reports, the scaling solution was briefly abandoned when the protocol failed to log any transactions for more than six hours. Kusama has come forward to reassure the community that there is no issue with the Shibarium bridge, and he also said that customers who have money locked on the protocol should be at ease because their money is secure.
Shiba Inu is currently experiencing one of its most significant stress tests at launch, and if it survives this test, the team will be able to properly plan its next steps.
