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News Explorer — SHIB Developers Deploy Layer-2 Shibarium to Ethereum Mainnet

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Aug 16, 9:41 pm

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SHIB Developers Deploy Layer-2 Shibarium to Ethereum Mainnet

The Shiba Inu SHIB ecosystem has launched Shibarium, its Ethereum layer2 network, after an extensive beta testnet phase with 21 million users. Shibarium aims to address scalability challenges on the Ethereum network by offering enhanced throughput and reduced transaction fees. The move also positions Shiba Inu as more than just a meme coin, with plans for a new identity protocol and the use of Shibarium to power governance and the Shiba State framework.

The Shiba Inu SHIB ecosystem has launched Shibarium, its Ethereum layer2 network, after an extensive beta testnet phase with 21 million users. Shibarium aims to address scalability challenges on the Ethereum network by offering enhanced throughput and reduced transaction fees. The move also positions Shiba Inu as more than just a meme coin, with plans for a new identity protocol and the use of Shibarium to power governance and the Shiba State framework.

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