Shytoshi Kusama revealed Shibarium launch date, which is expected to go live in August.
The mainnet launch of Shibarium will take place at the Blockchain Futurist Conference in Toronto, Canada.
Shiba Inu: Shytoshi Kusama, the lead developer of Shibarium, has announced that the highly anticipated Layer 2 blockchain solution will be going live soon. Kusama shared a recent blog post, revealing that the mainnet launch of Shibarium is scheduled to take place at the Blockchain Futurist Conference in Toronto, Canada.
The conference, scheduled for August 13–17, 2023. Also, the conference will serve as a central hub for groundbreaking developments in the blockchain industry. As one of the major sponsors of the event, Shiba Inu’s Shibarium team believes that it provides the perfect platform to share their exciting news with the community.
Shibarium will Impact SHIB?
Shibarium, a Layer 2 protocol built on top of Ethereum, aims to address scalability and transaction fee issues. By utilizing off-chain systems and bundling multiple transactions into a single layer 1 transaction, Shibarium would reduce data load and fees. That improves the overall efficiency of the Ethereum network.
However, with the definitive launch date set at the Blockchain Futurist Conference, the Shiba Inu community eagerly anticipated the unveiling of Shibarium. This development promises to enhance the Ethereum ecosystem. By providing a more scalable and cost-effective platform for decentralized applications (dApps) and transactions.
Shiba Inu (SHIB) Price Chart (Source: CoinMarketCap)
Despite the recent announcement from Shibarium, the price of Shiba Inu (SHIB) remained in a downtrend. At the time of writing, Shiba Inu traded at $0.000007232 with a 24-hour trading volume of over $124 million. Which soared about 21%. However, within a day, the SHIB price experienced a 5% decline. Causing it to drop to the 19th rank on CoinMarketCap.