Shibarium, a new layer-2 blockchain for Shiba Inu (SHIB), has more over 100,000 wallets on its network, 35,000 of which were added in the first day after Shibarium’s release on August 28.
In a blog post on August 28, Shiba Inu’s lead developer and co-founder Shytoshi Kusama stated that Shibarium was once again operational. Shibarium reported 65,000 wallets and 350,000 transactions at the time, according to Kusama, but those numbers have since skyrocketed, rising by 55.8% and 20.2%, respectively, according to Shiariumscan.io.
According to Shibarium’s block explorer, 420,897 transactions have been made possible by 101,277 wallets over 344,614 blocks, with an average block duration of 5 seconds.
The fictitious person also expressed gratitude to Sandeep Nailwal, co-founder of Polygon Labs, for helping Shibarium with its reboot:
“Quickly after the incident began, I called Sandeep from Polygon directly and without a second thought, he helped provide additional resources to ensure a perfect outcome to the situation. And that, is why our pivot to fork Polygon was the correct one.”
According to CoinGecko, the price of SHIB increased 3.6% to $0.00000825 over the past day, reflecting positively on Shibarium’s debut.