According to CoinDesk: Shiba Inu developers are making progress towards reopening the Shibarium network by monitoring validator data and transactions. This comes after the network's highly anticipated launch was hindered by technical issues and a faulty bridge. Shytoshi Kusama, the project's main developer, stated in a post on Tuesday that the network is "almost ready to reopen to the public" and has implemented measures to prevent a similar outage from happening again. Kusama added that Shibarium is now enhanced and optimized after two days of testing and adjusting parameters to achieve a "ready" state. A new monitoring system and additional fail-safes, such as rate limiting at the RPC level and auto server reset, have also been enabled to handle high levels of traffic. Shibarium is an Ethereum layer-2 network that utilizes SHIB tokens as fees and aims to establish Shiba Inu as a serious blockchain project. The network focuses on metaverse and gaming applications and serves as a low-cost settlement for DeFi applications built on top of it. During a testing period, Shibarium experienced significant success, with millions of wallets participating and conducting approximately 22 million transactions over four months. However, the network's launch last week was short-lived, as transactions were stalled for at least eleven hours, and millions of dollars were stuck on a bridge. SHIB prices dropped 10% at the time. Developers attributed the outage to an unprecedented influx of transactions from users, which overloaded the network and caused server failures. The network has since been closed to the public and is set to reopen once the issues have been resolved. Validators, or entities that provide computing resources to process network transactions, are already taking initial steps for the reopening. SHIB prices were down 4.3% in the past 24 hours, according to CoinGecko data.