Shiba Inu (SHIB) has attracted a lot of attention in the crypto space in recent weeks Community. The launch of his Ethereum (ETH) layer-2 Network Shibarium did not go smoothly. After the network was down for a while, it is now running again without any problems. Shibarium is a big step for Shiba Inu in the fight to shake off the “Memecoin” label. But what exactly is the main purpose of the scaling network? The development team’s marketing expert put this out.
Main purpose of the Shibarium blockchain
Lucie, the official marketing expert for the Shiba Inu development team, has yesterday On
Lucie explained that the main goal of the Layer 2 blockchain is to “onboard millions of people creating games, using the metaverse, and participating in other dApps at minimal cost.”
SHIB is commonly known as a memecoin with little underlying value, but Shibarium wants to change that. The crypto project wants to distance itself from this term and has big plans for the metaverse and gaming areas.
Shibarium is a second layer on top of the Ethereum blockchain that is intended to dramatically expand the network’s capabilities. It was intended to become the base layer for the entire Shiba Inu ecosystem.
Successful relaunch and milestones achieved for Shiba Inu
As already mentioned, the first launch of Shibarium went completely wrong. The network was extremely busy and came to a standstill. Additionally, $2 million worth of user tokens remained stuck on the network. Almost two weeks later, Shibarium was released again, this time with greater success.
One day after the relaunch, users had already created more than 100,000 wallets and the total number of transactions was already half a million. Currently, the network has more than 1.1 million wallets and the number of transactions has exceeded 1.7 million.
However, SHIB’s share price is still struggling. SHIB is clearly suffering from overall market sentiment and is currently down more than 12 percent month-on-month. According to the current status, 82 percent of all SHIB addresses are in the red.