{"id":548394,"date":"2023-08-22T15:50:13","date_gmt":"2023-08-22T15:50:13","guid":{"rendered":"https:\/\/uniquehot.com\/?p=548394"},"modified":"2024-06-11T07:50:09","modified_gmt":"2024-06-11T07:50:09","slug":"shiba-inu-shibarium-launch-wallet","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-shibarium-launch-wallet\/","title":{"rendered":"Shiba Inu Community Leaves Shibarium Launch Troubles Behind As Wallet Count Crossed 10 Million"},"content":{"rendered":"

Shibarium, the scaling solution from the Shiba Inu team, has achieved new milestones after experiencing a significant wave of adoption and user engagement following its launch.\u00a0<\/span><\/p>\n

SHIB Community Euphoria Sparks Shibarium Meteoric Rise<\/h2>\n

According to a report<\/span> on August 21, the Shiba Inu ecosystem recorded an astonishing number of new wallets<\/a>, with over 10 million wallets registered following the launch of the Shibarium network. The layer-2 network also recorded over 160 million compute units and a large deposit of ETH and BONE tokens, 1,000 and 600,000 respectively.\u00a0<\/span><\/p>\n

Related Reading: Gemini Hits Back At SEC Lawsuit With Dismissal Filing<\/a><\/div>\n

Shibarium\u2019s unexpected rise in user adoption<\/a> has not been the only noteworthy change the layer 2 scaling solution has experienced. According to reports, Shibarium has experienced a staggering increase in BONE staking. Over 7,569,580 BONE Shibaswap tokens were staked on the Shibarium network.\u00a0<\/span><\/p>\n

The Shiba Inu community\u2019s response to the Shibarium launch has left the SHIB team members dumbfounded. The enormous engagement from the community reportedly led to a temporary suspension of Shibarium for 30 minutes as the network\u2019s capacity was overwhelmed by the unusual level of user activities.\u00a0<\/span><\/p>\n

Lucie, a marketer for the Shiba Inu ecosystem, was astonished by the overwhelming success Shibarium experienced. She revealed in a post on X that the Shiba Inu development team had miscalculated the amount of adoption and interest the Shibarium mainnet would garner.\u00a0<\/span><\/p>\n

\n

Let\u2019s be honest!<\/p>\n

My $BONE<\/a>, $SHIB<\/a>, and $LEASH<\/a> dropped a lot, just like the whole market.<\/p>\n

Was I unhappy with @ShytoshiKusama<\/a>?<\/p>\n

No!<\/p>\n

They kept their promises, but they made one mistake.<\/p>\n

They didn’t understand how much the #SHIBARMY<\/a> wanted to be on #Shibarium<\/a>.<\/p>\n

I’m glad they\u2026 pic.twitter.com\/z6kUSpUKQx<\/a><\/p>\n

\u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 | Summer of Shibarium (@LucieSHIB) August 20, 2023<\/a><\/p><\/blockquote>\n

She also highlighted that the unexpected surge in adoption may have been fueled by the community\u2019s desire to embrace the benefits of potential low-cost transactions and increased efficiency on the Shibarium mainnet.\u00a0<\/span><\/p>\n

\"Shiba<\/p>\n

SHIB falls below critical support level | Source: SHIBUSD on Tradingview.com<\/a><\/pre>\n
Shiba Inu Lead Developer Addresses Shibarium Network Issues<\/h2>\n
Following the temporary halt of the Shibarium network<\/a>, Shiba Inu\u2019s head developer, Shytoshi Kusama addressed investors’ concerns regarding the halt. He pointed out that the issues rose from an unexpected increase in users, while reports revealed that transactions on Shibarium were paused for over 10 hours as a result of a server failure and a faulty bridge.\u00a0<\/span><\/p>\n
Related Reading: Dogecoin Proof Of Stake Discussion Heats Up As Lead Dev Chimes In<\/a><\/div>\n
Kusama has, however, reassured the SHIB community, stating that the Shibarium mainnet<\/a> was proceeding smoothly. He explained that the Shibarium network was undergoing various tests and reconfigurations to ensure that the network can withstand a high influx of users in the future.\u00a0<\/span><\/p>\n
He further added that several features have been integrated into the network including a rate-limiting at RPC level and an auto server reset to prevent future outages. Following this, reports suggest that Shibarium\u2019s testing processes have seen significant success<\/a> and the network is poised to reopen soon.\u00a0\u00a0<\/span><\/p>\n
Featured image from Unsplash, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Shibarium, the scaling solution from the Shiba Inu team, has achieved new milestones after experiencing a significant wave of adoption and user engagement following its launch.\u00a0 SHIB Community Euphoria Sparks Shibarium Meteoric Rise According to a report on August 21, the Shiba Inu ecosystem recorded an astonishing number of new wallets, with over 10 million wallets registered following the launch of the Shibarium network. The layer-2 network also recorded over 160 million compute units and a large deposit of ETH and BONE tokens, 1,000 and 600,000 respectively.\u00a0 Related Reading: Gemini Hits Back At SEC Lawsuit With Dismissal Filing Shibarium\u2019s unexpected rise in user adoption has not been the only noteworthy change the layer 2 scaling solution has experienced. According to reports, Shibarium has experienced a staggering increase in BONE staking. Over 7,569,580 BONE Shibaswap tokens were staked on the Shibarium network.\u00a0 The Shiba Inu community\u2019s response to the Shibarium launch has left the SHIB team members dumbfounded. The enormous engagement from the community reportedly led to a temporary suspension of Shibarium for 30 minutes as the network\u2019s capacity was overwhelmed by the unusual level of user activities.\u00a0 Lucie, a marketer for the Shiba Inu ecosystem, was astonished by the overwhelming success Shibarium experienced. She revealed in a post on X that the Shiba Inu development team had miscalculated the amount of adoption and interest the Shibarium mainnet would garner.\u00a0 Let\u2019s be honest! My $BONE, $SHIB, and $LEASH dropped a lot, just like the whole market. Was I unhappy with @ShytoshiKusama? No! They kept their promises, but they made one mistake. They didn’t understand how much the #SHIBARMY wanted to be on #Shibarium. I’m glad they\u2026 pic.twitter.com\/z6kUSpUKQx \u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 | Summer of Shibarium (@LucieSHIB) August 20, 2023 She also highlighted that the unexpected surge in adoption may have been fueled by the community\u2019s desire to embrace the benefits of potential low-cost transactions and increased efficiency on the Shibarium mainnet.\u00a0 SHIB falls below critical support level | Source: SHIBUSD on Tradingview.com Shiba Inu Lead Developer Addresses Shibarium Network Issues Following the temporary halt of the Shibarium network, Shiba Inu\u2019s head developer, Shytoshi Kusama addressed investors’ concerns regarding the halt. He pointed out that the issues rose from an unexpected increase in users, while reports revealed that transactions on Shibarium were paused for over 10 hours as a result of a server failure and a faulty bridge.\u00a0 Related Reading: Dogecoin Proof Of Stake Discussion Heats Up As Lead Dev Chimes In Kusama has, however, reassured the SHIB community, stating that the Shibarium mainnet was proceeding smoothly. He explained that the Shibarium network was undergoing various tests and reconfigurations to ensure that the network can withstand a high influx of users in the future.\u00a0 He further added that several features have been integrated into the network including a rate-limiting at RPC level and an auto server reset to prevent future outages. Following this, reports suggest that Shibarium\u2019s testing processes have seen significant success and the network is poised to reopen soon.\u00a0\u00a0 Featured image from Unsplash, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":548407,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,89178,83667,89157,89156,89179,84562,84558],"class_list":["post-548394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-news","tag-shiba-inu","tag-shiba-inu-news","tag-shibarium-launch","tag-shibarium-news","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nShiba Inu Community Leaves Shibarium Launch Troubles Behind As Wallet Count Crossed 10 Million<\/title>\n<meta name=\"description\" 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