Shibarium, a layer-2 blockchain for Shiba Inu (SHIB), has achieved over 100,000 wallets on its platform following its relaunch. Within 24 hours of the relaunch, 35,000 wallets were added, bringing the total to 101,277 wallets.
The relaunch was confirmed by Shytoshi Kusama, the lead developer and co-founder of Shiba Inu. The increase in wallet addresses reflects a 55.8% rise in wallet numbers and a 20.2% increase in transactions.
Shibarium is like a new born baby who got overwhelmed by so many excited family members coming to greet meet them, this time around they're ready but please do handle it with love and care 😉 https://t.co/vbsMtILsBa
— Kaal (@kaaldhairya) August 28, 2023
The relaunch was successful, demonstrating the safety of funds, and Polygon Labs co-founder Sandeep Nailwal provided assistance to Shibarium during the reboot. The price of SHIB also saw a 3.6% increase following the relaunch. Shibarium is an Ethereum layer-2 network that utilizes SHIB for gas fees and focuses on building gaming and metaverse applications.
Source: Cointelegraph
