What is Shibarium? Shibarium is a Layer 2 solution developed by the team behind the Shiba Inu (SHIB) cryptocurrency. Shibarium’s main goal is to improve scalability and reduce transaction costs on the Shiba Inu network, which currently operates on the Ethereum blockchain. Since Ethereum is known for its high gas fees, Shibarium aims to create a more efficient environment for transactions within the Shiba Inu ecosystem.

Shibarium’s main features:

Reduced transaction fees: The Layer 2 solution helps reduce the cost of gas fees, making transactions cheaper.

Scalability: Increases the network’s capacity to handle a higher volume of transactions without compromising speed or efficiency.

Integration with the Shiba Inu ecosystem: Shibarium is connected to other Shiba Inu projects, such as tokens (LEASH, BONE) and potential decentralized applications (dApps), games, among others.

Additionally, Shibarium intends to strengthen the use of Shiba Inu’s native tokens, such as BONE, which will be used as a token to pay transaction fees on the Shibarium network. The development of the platform is part of a broader strategy to transform Shiba Inu into a more robust ecosystem and not just a “meme coin.”