Sign Up on MEXC
With the Shibarium protocol now up and running after the second chance it received from the community, a new set of updates has now been shared by one of the core team members, Kaal Dhairya.
What is Next for Shibarium
In the update shared on the project’s official blog page, Kaal revealed that the hosted version of the Blockscout explorer is now available on Shibariumscan, a provision that is necessary to bolster the performance of the protocol on the part of the end users. According to the update, the Blockscout team is seeing to it that the explorer remains operational and the chain remains 100% indexed.
While the Shibarium protocol has maintained the status of having the lowest gas fee amongst all active L2s at the moment, the team is undeterred in the effort to maintain this status quo. In all, Kaal revealed that Shibarium has crossed a total of 1 million wallets going live on-chain while hoping that the overall transactions recorded will soon hit the 1 million milestone.
Looking forward, the Shibarium team is set to welcome more bridges into the scaling network’s ecosystem as Kaal confirmed that there has been a series of ongoing talks with bridge builders in the industry. Besides this, the team is full steam ahead with plans to revoke the BONE contract address despite its bullish performance in the ecosystem.
As noted by the Shibarium developer, more updates will come in the coming weeks about the revocation in a bid to enable everyone to prepare well for it.
Shibarium: A Test of Resilience
The operations of Shibarium hold sentimental value to a lot of members of the ShibArmy. Prior to the first launch of the protocol, there was a lot of anticipation with pent-up hype. The massive expectations from the public were not met when the protocol got stuck as a result of traffic on the first day of launch.
Rather than give up on the development of the protocol, the Shibarium team led by Shytoshi Kusama halted transactions on-chain and called for help from other protocols including the Polygon team to help in scaling the protocol such that it could handle the massive load it was being overwhelmed with.
That Shibarium is now producing blocks without further strains is a testament to its resilience as a new target to compete with existing L2s now remains underway.
- Breaking: Polymarket Partners With Chainlink To Boost Market Resolution Process
- Pi Network Upgrades Blockchain Protocol To Version 20 On Testnet, Pi Coin up 3%
- Galaxy Digital Boosts Solana Holdings as FTX Estate Unstakes $45M SOL
- XRP Whales Dump 40M Coins Despite ETF Anticipation, Here’s Why
- Ethena Labs Exits Hyperliquid USDH Bid as Polymarket Traders Back Native Markets
- Solana Price Forecast: Ford’s $1.65B Treasury Bet Sets Sights on $320
- Dogecoin Price Prediction as CleanCore Pushes Toward 1B DOGE Target- Is 92% Rally Ahead?
- SHIB Price Forecast as LEASH V2 Rollout Expands Cross-Chain — Is a 200% Rally Ahead?
- BNB Price Forecast as Binance–Franklin Templeton Deal Strengthens Path to $1,500
- Pi Network Price Wyckoff Theory Signals a Surge as One Whale Keeps Buying
