Shibarium Makes Strides in the Network
The layer-2 network Shibarium is making significant progress, with recent developments reigniting bullish sentiments in the Shiba Inu community. After a botched launch, Shibarium has successfully relaunched and is gaining momentum. One of the recent achievements is the launch of its name service, which provides a more seamless way for users to transact on the network.
The network has also garnered attention from NOW Nodes, a node provider that announced Shibarium as one of the best-performing networks in their ecosystem. They have processed over 66 million requests to Shibarium since launching shared access in September. NOW Nodes also plans to bring Shibarium to big exchanges and wallets, with integration into the Australian-based GroveX platform underway.
Increasing On-Chain Activity
On-chain activity on the Shibarium network continues to rise, with close to four million transactions processed so far. The network currently sees an average of 14,000 daily transactions. The Shiba Inu development team has been working hard to increase the network’s usage, as lead developer Shytoshi Kusama emphasized that “true work” was necessary for a significant increase in SHIB’s price.
Shiba Inu is currently trading at $0.00000792 territory. Chart: TradingView.com
Atomic Wallet Potentially Adds Support for Shibarium
Shiba Inu’s marketing lead, Lucie, mentioned that some Shibarium community members informed her that the decentralized wallet Atomic Wallet had added Shibarium to its platform. However, this integration has not been confirmed by the wallet, and Shibarium does not appear to be supported on the wallet at present. Atomic Wallet had previously expressed its intention to support Shibarium upon its launch but has not provided any updates since then.
The potential integration with Atomic Wallet could have a bullish impact on the ecosystem, as it would onboard Atomic’s 5 million plus registered users and increase demand for the network’s utility tokens.
Shiba Inu’s Current Trading Price
At the time of writing, Shiba Inu is trading at around $0.000007893, showing a more than 2% increase in the last 24 hours, according to data from CoinMarketCap.
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