The progress of the layer-2 network #Shibarium remains noteworthy, as indicated by recent developments within the ecosystem. These recent advancements have further rekindled optimistic attitudes among the Shiba Inu community, as members anticipate a positive trend in the token's trajectory. $SHIB
The Resilience of Shibarium
Shibarium has demonstrated significant progress subsequent to its initial unsuccessful debut. The network has lately introduced its name service, offering customers a more convenient and streamlined method for doing transactions within the network.
The network has garnered significant attention and practicality, as seen by the recent announcement from node vendor NOW Nodes, which identified Shibarium as one of the top-performing networks within their ecosystem.
As per their statement, they have successfully handled more than 66 million queries to Shibarium since the initiation of shared access to the Shibarium RPC full nodes in September. In addition, they emphasized their intentions to integrate Shibarium into prominent cryptocurrency exchanges and digital wallets.
As an integral component of these strategic initiatives, the subsequent phase entails identifying liquidity providers that will facilitate the seamless integration of Shibarium into various exchanges and wallets. An example of such an exchange is GroveX, a company established in Australia, which has disclosed its ongoing efforts to incorporate the network into its platform.
In the meanwhile, there is a persistent upward trend in on-chain activity inside the network. Based on the data obtained from the network explorer Shibariumscan, it can be observed that the network is approaching the milestone of processing four million transactions. Currently, Shibarium is observing a daily average of 14,000 transactions.
Based on available evidence, it is evident that the network's crew is diligently working towards achieving their goals. This aligns with the perspective of Shytoshi Kusama, the primary developer of Shiba Inu, who emphasized the importance of such efforts in order to witness a substantial rise in the price of SHIB, as desired by the community members.
Nevertheless, the incorporation of Shibarium into the decentralized wallet has not been officially verified, since there has been no comment published by the wallet provider about this matter. Additionally, at the time of writing, it appears that Shibarium is not supported on the wallet.
In January of the current year, Atomic made a statement regarding their intention to provide support for Shibarium with the introduction of the layer 2 network. However, no more communication has been made about this matter subsequent to the aforementioned announcement.
If ultimately verified, such information will unquestionably have a positive impact on the ecosystem. The implementation of this action has the potential to facilitate the integration of Atomic's user base, which exceeds 5 million registered users, into the network. Consequently, this might lead to a subsequent surge in the demand for the ecosystem's utility tokens.
According to data sourced from CoinMarketCap, the current trade value of SHIB is at around $0.000007893, reflecting a positive increase of more than 2% throughout the past 24 hours.