In a significant development for the Shiba Inu (SHIB) community, Shibarium, a cutting-edge layer-2 blockchain designed for the SHIB token, has achieved a remarkable milestone by surpassing 100,000 wallets on its platform. This achievement was notably accelerated by the relaunch of Shibarium on August 28, which saw an impressive influx of 35,000 wallets within the first 24 hours.
Image : Blog Shib.io
Shytoshi Kusama, a co-founder and lead developer of Shiba Inu, took to an official blog post on August 28 to confirm the successful revival of Shibarium. Initially, the blockchain had reported a total of 65,000 wallets and 350,000 transactions, but these figures have since seen a rapid increase, surging by 55.8% and 20.2%, respectively, as per data from Shiariumscan.io.
At present, the Shibarium ecosystem boasts approximately 101,300 wallets, collectively facilitating 420,900 transactions across 344,614 blocks. The average block time, a key metric for assessing the efficiency of a blockchain, stands at an impressive 5 seconds. This expedited processing time contributes to the overall appeal of Shibarium, positioning it as a noteworthy player in the blockchain arena.
The successful relaunch of Shibarium not only solidified its technical resilience but also served as a testament to the security of users’ funds. Kusama, in an official statement, reassured the community that the platform’s funds had remained secure throughout the entire process. The seamless recovery of Shibarium was made possible through collaborative efforts, and Kusama extended his gratitude to Sandeep Nailwal, the co-founder of Polygon Labs. Nailwal’s timely assistance ensured that the reboot process was smooth and yielded favorable results.
Kusama expressed his appreciation for Nailwal’s intervention, stating, “Quickly after the incident began, I called Sandeep from Polygon directly and without a second thought, he helped provide additional resources to ensure a perfect outcome to the situation. And that, is why our pivot to fork Polygon was the correct one.”
The positive momentum generated by Shibarium’s relaunch was also reflected in the performance of the SHIB token. Within the past 24 hours following the relaunch, SHIB’s price experienced a notable 3.6% increase, bringing it to a value of $0.00000812, according to coinmarketcap.
In conclusion, Shibarium’s achievement of surpassing 100,000 wallets marks a pivotal moment in its journey to establish itself as a robust and user-friendly layer-2 blockchain for the SHIB community. The successful bridge relaunch, with the assistance of Sandeep Nailwal, highlights the platform’s commitment to security and technical excellence, fostering a positive environment for SHIB token holders and blockchain enthusiasts alike. As Shibarium continues to evolve and attract a growing user base, its impact on the broader blockchain landscape remains a compelling narrative to watch.