Shiba Inu’s Shibarium Relaunch Attracts 50,000 Wallets, BONE Token Value Rises

One sentence summary – Shiba Inu’s layer-2 scaling solution, Shibarium, recently relaunched and attracted over 50,000 wallets, positively impacting the value of the BONE token; however, technical difficulties and increased transaction volumes led to a temporary shutdown, prompting plans to add more network validators to accommodate the increased demand, while the BONE token experienced a rally and is currently trading at $1.40, Pepe faced a significant dip of over 15% and is trading at $0.000000898434, and Shiba Inu itself saw a 1% decrease in value, trading at $0.000008.

At a glance

  • Shiba Inu’s layer-2 scaling solution, Shibarium, recently experienced a relaunch.
  • The relaunch attracted over 50,000 wallets.
  • The Bone ShibaSwap (BONE) token was positively impacted by the event.
  • BONE serves as the payment method for gas fees within the protocol.
  • Shibarium encountered technical difficulties due to the sudden influx of new users and increased transaction volumes, leading to a temporary shutdown.

The details

Shiba Inu’s layer-2 scaling solution, Shibarium, recently experienced a relaunch.

The relaunch attracted over 50,000 wallets.

This event had a positive impact on the Bone ShibaSwap (BONE) token.

BONE Token and Gas Fees

BONE serves as the payment method for gas fees within the protocol.

However, Shibarium encountered technical difficulties due to the sudden influx of new users.

Increased transaction volumes also contributed to these technical difficulties.

These issues led to a temporary shutdown of Shibarium.

Plans for Network Expansion

In response to this surge in activity, Shytoshi Kusama, the project’s lead developer, announced plans.

These plans involve adding more network validators.

The aim of this is to accommodate the increased demand on the network.

The successful relaunch of Shibarium had a noticeable impact on the value of the BONE token.

Following the relaunch, BONE experienced a rally.

Its value rose by 6.6% from $1.36 to $1.45.

Since then, the token has stabilized.

It is currently trading at $1.40.

Meanwhile, a rival meme asset, Pepe (PEPE), has faced a significant dip.

Over the last 24 hours, PEPE has dipped by over 15%.

As of now, Pepe is trading at $0.000000898434.

As for Shiba Inu itself, the native token is currently trading at $0.000008.

This reflects a 1% decrease in value over the past day.

This comprehensive update covers all the available facts and information regarding the Shibarium relaunch.

It also covers the rally in BONE token value.

The technical difficulties faced by Shibarium are also discussed.

The response from Shytoshi Kusama is included.

Finally, the current trading values of BONE, Pepe, and Shiba Inu are provided.

Article X-ray

A group of Shiba Inu dogs gather around a digital token symbol, as a crowd of people with wallets surrounds them.

This section links each of the article’s facts back to its original source.

If you have any suspicions that false information is present in the article, you can use this section to investigate where it came from.

dailyhodl.com
– Shiba Inu’s layer-2 scaling solution Shibarium has relaunched and attracted over 50,000 wallets.
The relaunch caused a rally for Bone ShibaSwap (BONE), the token used to pay gas fees on the protocol.
– Shibarium experienced technical difficulties due to the influx of new users and transactions, leading to a temporary shutdown.
– Shytoshi Kusama, the project’s lead developer, announced the addition of more network validators to accommodate the increased activity.
The successful relaunch resulted in a 6.6% increase in BONE’s value, from $1.36 to $1.45.
– BONE has since stabilized and is currently trading at $1.40.
– Pepe (PEPE), a rival meme asset, has experienced a dip of over 15% in the last 24 hours.
– Pepe is currently trading at $0.000000898434.
Shiba Inu is trading at $0.000008, reflecting a 1% decrease in the last day.

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