In mid-August, Shiba Inu (SHIB) developers launched Shibarium, an all-new Layer 2 network designed to help scale the Ethereum (ETH) blockchain. However, shortly after launch, the network ran into trouble due to a slightly over-enthusiastic following. In the meantime, the network has been restarted and is apparently enjoying great popularity again.
Shibarium in trouble
Immediately after the launch, the network filled with transactions from avid Shiba Inu devotees. The attitude of the enthusiastic mascot is evidently still alive in the community, despite the dog’s recent death. Users quickly moved a fairly large portion of all SHIB tokens.
Still, enthusiasm for the servers became too great, causing the network and users’ tokens to temporarily grind to a halt. There were rumors that the developers wouldn’t be able to get the tokens back, but that turned out to be false. The main developer, whose account was allegedly fake, then threatened to sue.
Shiba Inu Layer 2 is working again
On Monday, lead developer Shytoshi Kusama announced in a blog post that the network was back up and running as intended. “Whoever builds in the bear market will win in the bull market,” Kusama quotes Shiba Inu inventor Ryoshi as saying.
He also thanks Polygon’s Sandeep Nailwal for his help in solving Shibarium’s network problems. Thanks to Nailwal, Shibarium now runs smoothly – it’s now a fork (a software copy) of Polygon. To prevent further congestion, the Shibarium team increased the network size by 1500% in early August.
On-chain explorer Shibariumscan.io shows that the number of wallets surpassed the 100,000 mark on Tuesday. At the time of writing, the counter is over 122,600 units. In addition, almost half a million transactions have already been processed in total, and after the slump of the past few days, the number of transactions has been increasing again since Tuesday.