Shiba Inu’s Layer-2 blockchain, Shibarium, has launched an NFT bridge, enabling the smooth transfer of Ethereum-based NFTs. This new feature is expected to enhance liquidity, attract new users, and further solidify Shiba Inu’s position as a comprehensive decentralized financial system.
The Shiba Inu ecosystem experienced a surge in price, with SHIB and BONE tokens rallying significantly. The mysterious lead developer, Shytoshi Kusama, celebrated the rally with a meme featuring Vegeta from Dragon Ball, hinting at his optimism. The surge followed a tease from the project’s marketing lead, Lucie, about the upcoming SHI stablecoin, which is expected to enhance the Shibarium ecosystem.
Shiba Inu (SHIB) is experiencing a surge, rallying 10% in the past week. Crypto traders are predicting a continued upward trend, fueled by a potential breakout from a falling wedge pattern. With a rising burn rate and a major upgrade to Shibarium, the meme coin is gaining traction in the market.
Shiba Inu (SHIB) has seen a surge in coin burns, with over 12 million coins removed from circulation in the past 24 hours. This activity comes amid a wave of positive developments for the meme coin, including the launch of ShibDev and the continued growth of Shibarium, its layer-2 scaling solution.
Shiba Inu’s Layer-2 network, Shibarium, celebrated its first anniversary with a significant jump in the burn rate of SHIB tokens. The network has processed over 418 million transactions since its launch, leading to a direct correlation between SHIB’s deflationary momentum and Shibarium’s activity.
The much-anticipated migration of ShibaSwap to the Shibarium blockchain is now complete, marking a significant milestone for the Shiba Inu ecosystem. This strategic move propels ShibaSwap into a new era, powered by the Ethereum Layer-2 solution, Shibarium. With this integration, ShibaSwap unleashes an array of enhancements, including expanded token bridging, optimized liquidity pools, and innovative farming contracts, all while leveraging Shibarium’s efficient and cost-effective transaction capabilities.
