HomeCrypto NewsAltcoinShiba Inu aims to dominate 2022 with Shibarium

Shiba Inu aims to dominate 2022 with Shibarium

- Advertisement -

In response to growing usage, Shiba Inu recently announced its own layer 2/blockchain called Shibarium and intends to move the entire network onto that blockchain.

In addition, Shiba Inu will also launch their own stablecoin called SHI and run gas fees using BONE tokens.

- Advertisement -

All of these announcements come after Shiba Inu launched its own announcement website.

All of this is proof that Shiba Inu is taking its ecosystem development very seriously. And this can really improve the performance of the network as well as turn SHIB into an important digital asset.

Shiba Inu has 100.000 new users just weeks after hitting 1 million

Currently, each transaction on Ethereum costs more than $9,1, with transaction fees on L2 hitting as high as $86. Shibarium aims to reduce this to as low as possible.

Ethereum gas fees

Furthermore, the release from Ethereum's fee problems could lead to the Shib network seeing interest from institutional investors.

Therefore, once this happens, Shiba Inu will surely attract a lot of capital inflows from new and revived investors to mark another ATH in the near future.


See more:

4/5 - (6 votes)
- Advertisement -

Maybe you are interested

Major Korean law firm will sue Do Kwon on behalf of investors who lost money

LKB & Partners is said to have decided to sue Do Kwon on behalf of investors who lost money in the...

Tether's circulating supply drops, raising new concerns about stablecoin backing

Investors withdrew over $9 billion from Tether as it fell from the $1 peg for a while...

Korean politicians demand that Do Kwon be brought before the National Assembly to explain about LUNA

A politician from South Korea's ruling party wants the country's parliament to hold a hearing on the...

Do Kwon updates on the proposal to deploy “Terra 2.0”

After about 2 days of silence, CEO Terra Do Kwon recently made a new proposal for the implementation of "Terra 2.0".

Do-Kwon's house break-in suspect lost $2,3 million because of LUNA

In the midst of LUNA-UST's downfall, Do Kwon received backlash. In addition, a stranger suddenly...

Related posts

- Advertisement -