Ethereum-layer 2 blockchain Shibarium, inspired by Shiba Inu, has surpassed 100,000 wallets, which comes 24 hours after Shib developers confirmed the bridge is back up and running again.
has surpassed 100,000 wallets on its platform with 35,000 coming within 24 hours of Shibarium's relaunch on Aug. 28.Shibarium was back up and running in an Aug. 28 blog post.
At the time, Kusama noted that Shibarium tallied 65,000 wallets across 350,000 transactions — however, those figures have rocketed upwards since, respectively increasing 55.8% and 20.2%, according to Shiariumscan.io.that 101,277 wallets have now facilitated 420,897 transactions across 344,614 blocks, with an average block time of 5 seconds.
The number of wallet addresses increased from 65,000 to over 100,000 within 24 hours of Shibarium re-opening. Source: Shiariumscan.ioThe pseudonymous figure also thanked Polygon Labs co-founder Sandeep Nailwal for providing Shibarium assistance with its reboot: “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 relaunch of Shibarium reflected well in SHIB’s price, increasing 3.6% to $0.00000825 over the last 24 hours,However, SHIB is still down 14.3% from its $0.00000963 price at the time of the outage.At the time of the outage, Kusama blamed the “MASSIVE influx of transitions and users” when it went live, and later said it found a case where “thousands upon thousands of contract creation and normal transactions” in one block — which led it going into fail-safe mode.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shibarium Basic Design Explained by SHIB Team Member: DetailsTeam member reveals design of Shiba Inu's scalable and decentralized solution, Shibarium
Read more »
Shibarium goes live with smooth withdrawals of BONE, SHIB, LEASH, WETH tokens confirmed by Shytoshi KusamaShiba Inu ecosystem’s Layer 2 chain, Shibarium, is live after a botched mainnet launch on August 16. While users lost access to their Ethereum and BON
Read more »
Shibarium Sentiment Forces This Shiba Inu Copycat to Soar 513%New SHIB moniker jumps 513% as Shibarium reopens withdrawals
Read more »
Here's How SHIB Community Reacts to Shibarium RelaunchShibarium comeback unleashes epic reaction of Shiba Inu community
Read more »
Shiba Inu’s Shibarium Officially Live But SHIB Price SuffersDespite the positive news, SHIB is down 2% on the day.
Read more »
Shiba Inu (SHIB) Dev Admits Polygon's Great Help in Shibarium RelaunchMajor SHIB developer has thanked the Polygon (MATIC) team for helping to relaunch Shibarium
Read more »