Shiba Inu’s much-anticipated layer-2, Shibarium, has had many SHIB holders at the edge of their seats. Recent online buzz has got some holders thinking that the official documentation for the release, or at least its beta test, may happen sometime this week.
This belief is based on Unification/xFund’s mainnet upgrade on Wednesday, which some Shiba Inu holders believe has something to do with the release of Shibarium, because Unification and xFund are in charge of Shibarium’s development, and their mainnet upgrade could help advance the launch.
Apart from SHIB’s principal developer Shytoshi Kusama‘s prior announcement that the documentation may come out this month, nothing is formal about Shibarium’s release or, at the very least, the dissemination of its documentation. The Shiba Inu development team’s Layer-2 solution is presently a work in progress.
While there has been a lot of buzz regarding the Shibarium’s debut, there is little information about its exact technology, infrastructure, or even a release date. However, the effort would employ the Shiba governance token BONE as its foundation liquidity asset whenever it is released.
Ryoshi previously stated that when Shibarium is released, they would issue the Shiba Inu stablecoin SHI, which, unlike other stablecoins, will have a fixed price of $0.01 and may be used as a form of digital payment for microtransactions. The Shiba Inu ecosystem presently includes DEX, a decentralized exchange, an NFT gaming platform, and its metaverse initiative, SHIB: The Metaverse.
SHIB’s relationship with blockchain solutions provider xFund might aid in growing Shiba Inu’s value by driving awareness and acceptance. Shibarium intends to reduce transaction costs for users and provide a low-cost solution for several Shiba Inu ecosystem initiatives.
At press time SHIB was trading at $0.00001070, up by 1.6% in the last 24 hours, and down by 9.4% in the last 7 days.
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