The Date That Will Change SHIB’s Destiny Has Been Determined!

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  • The Unification Foundation developer shared important news with the community about Shiba Inu’s highly anticipated Layer-2 solution, Shibarium.

The organization behind the development of Shibarium, the Shiba Inu’s Layer-2 solution. Unification Foundationshared an extensive post on their Medium blog today about the third-party projects the Unification team is developing and Shibarium itself.

Platform has announced that the public beta testnet for Layer-2 blockchain project Shibarium will launch in the third quarter of 2022.

Thanks to today’s announcement, it turns out that Shibarium’s private alpha testnet has been running quietly and successfully for weeks without any issues. The developers think it’s time to make the project available for public testing:

“Shibarium Public Beta TestNet is scheduled to be deployed in Q3 to coincide with the FUND TestNet upgrade, which includes the much anticipated IBC/Gravity/wFUND updates.”

Koinfinans.com As we reported, the team’s greatest effort and attention is currently focused on the development of the internal Shibarium wallet. According to the developers, the wallet is intended to be an “all-inclusive” application that can enable asset movement between Tier-1 and Tier-2, the possibility of staking, and the ability to implement ShibaSwap in the future.

shibarium

Shibarium’s long development process was explained by the team as the need to build the platform on a solid, reliable and proven foundation. For this purpose, Unificiation uses its own solutions such as xFUND and Oracle of Oracles. These tools were also used to create the Woof Work marketplace.

According to the authors, it is planned to be done by the third quarter of 2022. Shibarium Pulic Beta TestNetwill allow users and developers to finally test and evaluate the project, including the validation process.

SHIB’s availability will increase

After Shytoshi Kusama, one of the key people involved in the Shiba Inu project, hinted a few weeks ago that Shibarium will be released, and social networks were flooded with fans and holders demanding clarifications and more information about the upcoming project. Given the large number of SHIBs currently in circulation without the greatest possible use cases, and a very active fan base, Shibarium is truly an event worth waiting for and one that could turn the game upside down for the Shiba Inu.

Expectations about Shibarium

With the launch of Shibarium for public testing, people specifically participating in the validation process will be allowed to fully interact with the network.

“Public Beta TestNet will allow parties to fully interact with the network, including the verification process.”

Meanwhile, Shibarium ranks as one of the most critical initiatives to showcase that the Shiba Inu is more than just a meme cryptocurrency.

Built on the Ethereum blockchain, the L2 network is expected to have the same capabilities as the ETH scaling platform Polygon.

When Shibarium was launched; Shiba Inu developers Shiboshi will move all SHIB-related projects to the Layer-2 network, including the upcoming Collectible Card Game (CCG) and the metaverse project.

The number of SHIB holders continues to increase

According to a recent report, the total number of Shiba Inu owners is increasing by the minute and is currently approaching two million, reaching an all-time high. According to the source, 1,064 new SHIB users joined the total in the past hour.

According to data released by the @letsburnshiba Twitter account, the number of wallets holding the Shiba Inu meme token has increased again. According to the tweet, the total number of SHIB owners so far has reached 1,989,215. This marks a growth of nearly one million from the number of holders of 1,182,817 in just one week.

This could indicate that long-term interest in this digital asset remains stable and the second most popular meme token continues to grow despite the recent massive price drop.

SHIB reclaims its place as whales’ largest conglomerate

According to the WhaleStats website, which tracks the top 100 wallets on various chains, including those on Ethereum and BNB Chain, Shiba Inu has once again taken its place as the largest token by USD value.

Ethereum whales’ SHIB assets have risen again above the $500 million mark. As of this writing, the whales are holding $525,200,856 worth of Shiba Inu. This amount equates to 48,674,778,127,896 Shiba Inu, while the tokens represent 13.55 percent of the whales portfolio.

You can check the price movements here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.


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