Shibarium, Shiba Inu’s (SHIB) new layer 2 blockchain, has surpassed 100,000 wallets on its platform, with 35,000 added within 24 hours of Shibarium’s relaunch on August 28.
Shytoshi Kusama, lead developer and co-founder of Shiba Inu comfirmed Shibarium is back up and running in a blog post on August 28.
At the time, Kusama noted that Shibarium counted 65,000 wallets in 350,000 transactions — however, those numbers have since skyrocketed, with increases of 55.8 percent and 20.2 percent, respectively, according to Shiariumscan.io.
Shibarium’s block explorer programme 101,277 wallets have now facilitated 420,897 transactions in 344,614 blocks with an average block time of 5 seconds.
Kusama said in a statement that the reboot proved that the funds were always safe.
The anonymous source also thanked Polygon Labs co-founder Sandeep Nailwal for his help with the Shibarium reboot:
“Shortly after the incident, I called Polygon’s Sandeep directly and without a second thought he helped provide additional resources to ensure the incident had a flawless outcome. That’s why we were right to move to forking Polygon.”
Shibarium’s relaunch mirrored SHIB’s price well, up 3.6% to $0.00000825 over the past 24 hours, according to to CoinGecko.
However, SHIB is still down 14.3% from its $0.00000963 price at the time of the outage.
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At the time of the outage, Kusama blamed it on a “massive influx of conversions and users” at launch, and later said it found a case where “thousands of contracts were created and normalized” in a single block. transaction” – which caused it to run into failsafe mode.
It is estimated that approximately $2.5 million was stranded on the bridge at the time.
Shibarium is like a newborn baby overwhelmed by so many excited family members welcoming them, this time they are ready but please handle it with love and care https://t.co/vbsMtILsBa
— Carl (@kaaldhairya) August 28, 2023
Over the next few days, the Shibarium team claim Scaled server infrastructure by 1500% to better manage on-chain congestion.
Shibarium is an Ethereum layer 2 network utilizing SHIB for gas fees. The project is focused on building games and Metaverse apps on the platform.
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