Shiba Inu’s layer-2 scaling solution Shibarium is set to launch soon, and the countdown for the beta version is on. Shibarium’s official Twitter account announced that the beta version of the platform would go live this week and be open to the public. With this launch comes the promise of a highly scalable and fast blockchain, engineered to support the creation of custom tokens with low transaction fees. Bone ShibaSwap (BONE) tokens can be used to pay for gas on this blockchain similar to the way Polygon(MATIC) is used, generating a new ecosystem for trading.
The anticipation of the launch of the Shibarium layer-2 blockchain solution is at an all-time high, driving up the price of the BONE token. In the last 24 hours, the token has had an 11% increase in value, and it is currently trading at $1.72.
Shibarium is primarily designed to help developers create highly scalable, fast, and inexpensive applications that support the use of custom tokens. The concept aligns with the need for efficient scaling for applications running on Ethereum. The Ethereum blockchain, being one of the most popular blockchains, has struggled with overloading, resulting in high fees and slowing down the network. Many layer-2 scaling solutions have arisen to work around this, with Shibarium being the latest.
Scalability, a significant concern in the blockchain space, impacts adoption rates for many projects. With its speedy, efficient, and more affordable ecosystem, Shibarium may become an excellent option for developers aiming to scale seamlessly without worrying about excess fees ultimately harming users. Shibarium’s success with this goal will likely continue to drive growth in its community.
With its support and utilization of custom tokens, Shibarium is poised to create a new ecosystem for token trading. The ability to create custom tokens opens up more opportunities for both established businesses and start-ups alike. Custom tokens provide the opportunity for businesses to secure funding through means that were previously opaque or difficult to explore.
Furthermore, native token support on the Shibarium blockchain extends beyond just ERC-20 tokens. It also considers ERC-721 tokens, which are NFTs, providing an environment for the creation and trading of one-of-a-kind digital assets.
Shibarium offers a promising way for developers to create highly scalable blockchain-based applications with more affordable costs for users. The addition of the custom token and NFT creation increases its potential to create a new era for blockchain innovation. Given its promise and potential, each step towards its launch generates more anticipation and speculation from the community, driving up BONE’s price.
The Shib Token is the backbone of the Shib ecosystem, and since establishing in 2020, the token has seen impressive growth. Shib Token gained massive attention when Elon Musk tweeted about it in February of 2021. The tweet increased its visibility, driving significant price gains as a result. Shib Token has evolved into one of the most popular meme coins in the industry, which has recently broken into the top 20 cryptocurrencies by market cap.
As the team behind the Shib ecosystem prepares to introduce Shibarium, the ecosystem is expected to continue its upward trajectory. With this expansion and diversification of its blockchain ecosystem, developers and traders alike can anticipate the increasing value and utility of the Shib network’s native tokens.
In conclusion, Shibarium’s launch represents a major milestone for the entire Shib ecosystem. The blockchain solution offers developers an opportunity to build highly scalable applications with affordable transaction costs while introducing a new ecosystem for custom tokens and NFT creation. With the beta version of Shibarium set to launch publicly in the coming days, the community eagerly awaits further announcements on its progress and the inevitable growth of the Shib ecosystem.
