Shiba Inus (SHIB) Community: Shibarium Wallets Surpass 100,000
The Shiba Inus (SHIB) community has been celebrating a major milestone as the number of Shibarium wallets exceeds 100,000. Members of the SHIB community took to social media to express their excitement, with many posting tweets using the hashtag “#SHIBARMYSTRONG” on the X platform (formerly Twitter).
According to the Shibariumscan block explorer, over 100,000 wallets have been created on the Shibarium network since its launch. This figure represents an increase of over 35,000 wallets since the Shibarium relaunch just one day ago.
Shytoshi Kusama, the lead developer of Shibarium, announced on August 28 that the network was ready for “prime time” and would be reopened to the public. In his announcement, he mentioned that Shibarium had accumulated over 65,000 wallets before the relaunch.
Since then, new users have been flocking to the network, with the total number of wallet addresses in the network currently standing at approximately 101,658. This represents an increase of over 50% in the network’s user base since the relaunch.
This milestone is not surprising for the SHIB community, considering that Kusama previously credited them for the “massive influx of transactions and users” that overwhelmed the network during its initial launch.
This achievement indicates that the SHIB community remains optimistic about the Layer-2 network despite the difficulties faced at the start. Shibarium is expected to become a prominent player in the decentralized finance (DeFi) industry as the demand for the network grows.
The success of the network is expected to have significant implications for the Shiba Inu token, as it is one of the governance tokens within the network. Therefore, its value should increase as trading activity on Shibarium intensifies.
In his update on the Shibarium relaunch, Kusama mentioned that there is more to come as the network continues to grow. He stated that the team would provide Shibarium updates through their official channels.
As part of these updates, Kusama announced on the official Telegram channel that the official WBone would be launched soon, with contract verification slated to occur “early this week.”
He also mentioned plans to abandon the BONE token contract, which is one of the governance tokens within the Shibarium network. With this development, the token’s developer will no longer be able to make changes, further strengthening holders’ trust.
Additionally, Shibaswap, the decentralized exchange (DEX) of Shiba Inu, will also be relocated to Shibarium. Currently, the DEX is based on the Ethereum network. This is part of the efforts to migrate all Shiba Inu-related products to the Layer-2 network.
Kusama acknowledged that Shibarium is still in its early stages and has a long way to go. However, he emphasized the team’s focus on “building decentralized systems and showcasing projects.”
Image Source: iStock, Tradingview.com Shiba Inu Price Chart (Shibarium Milestone)