The team is working towards increasing the scalability of Shibarium by 1500%.
According to CMC, the price of SHIB is now trading at $0.0000085, up 0.62%.
Today, Shiba Inu’s primary developer Shytoshi Kusama released a second update on the condition and scalability of the Shibarium network. After extensive internal testing, Shytoshi Kusama offers his thoughts on getting the Layer-2 chain ready for high volumes of traffic, scalability, and decentralization. After the network saw huge traffic after going live, the team achieved great headway in scaling efforts, Shytoshi Kusama stated on August 19.
The Shiba Inu development team and its partners are increasing the capacity of Shibarium by 1500% to better handle the influx of users. In addition, it is coordinating with the decentralized team and validators to increase the capacity of the server infrastructure.
Not the Ideal Start
While developers are busy expanding Shibarium and avoiding problems, he said, the SHIB Army is out there combating FUD. Shibarium is touted as having a concentration on metaverse and gaming applications, in addition to its use as a low-cost settlement for DeFi apps developed on top of it.
Post the highly anticipated launch of Shibarium, significant bridge issues were detected. The price of SHIB post-launch was down 9% as per data from CMC. Unfortunately, Shibarium’s launch didn’t get off to the strong start it had hoped for. But with the recent announcements from the primary developer, the SHIB army is excited to witness new milestones.
According to CMC, the price SHIB is now trading at $0.0000085, up 0.62% in the last 24 hours. However, the trading volume is down by 40%.