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- The team is striving to enhance the scalability of Shibarium by 1500%.
- As per CMC, the current trading price of SHIB is $0.0000085, reflecting an increase of 0.62%.
Today, Shiba Inu’s lead developer Shytoshi Kusama issued a second update regarding the status and scalability of the Shibarium network. Following thorough internal testing, Shytoshi Kusama shared insights on preparing the Layer-2 chain for elevated traffic volumes, scalability, and decentralization. After the network experienced significant traffic upon its launch, the team made substantial progress in scaling efforts, as noted by Shytoshi Kusama on August 19.
The Shiba Inu development team, along with its partners, is working to boost the capacity of Shibarium by 1500% to effectively manage the surge of users. Additionally, it is collaborating with the decentralized team and validators to enhance the server infrastructure’s capacity.
Not the Ideal Start
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While developers are focused on expanding Shibarium and mitigating issues, he mentioned that the SHIB Army is actively addressing FUD. Shibarium is promoted as being centered on metaverse and gaming applications, in addition to serving as a cost-effective settlement for DeFi applications built on it.
Following the highly anticipated launch of Shibarium, notable bridge issues were identified. The price of SHIB post-launch decreased by 9% according to data from CMC. Regrettably, Shibarium’s launch did not commence as strongly as anticipated. However, with the recent updates from the lead developer, the SHIB army is eager to see new achievements.
According to CMC, the price of SHIB is currently at $0.0000085, up 0.62% over the past 24 hours. Nevertheless, the trading volume has decreased by 40%.
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