Shiba Inu’s layer 2 scaling solution, Shibarium, may be released in July or Q3, according to recent revelations from the project’s lead developer.
The launch of Shibarium is likely to drive the utility and adoption of Shiba Inu ecosystem tokens, including SHIB, Bone Shibaswap (BONE) and Doge Killer (LEASH).
Shibarium likely to launch in Q3
Shiba Inu Community Member Looking forward to the launch of Shibarium, the layer 2 scaling solution for the ecosystem. Shibarium’s Puppynet testnet recently reached a new milestone with 11 million successful transactions across 15 million wallet addresses.
Shibarium’s Significant On-Chain Growth Fuels Bullish Sentiment Among Whales With 40 Billion Tokens SHIB Cumulatively, a new record was set.
Over the course of 60 minutes on Wednesday, Etherscan identified several major transactions, of which just six transferred almost 6.4 billion Shiba Inu tokens.
A large wallet investor purchased 13 billion SHIB from the Crypto.com exchange, and at the same time withdrew another 1.5 billion from KuCoin to the cold wallet.
SHIB transactions on Etherscan
Just as Shibarium’s transaction volume milestone sparked optimism among SHIB holders, the announcement of the launch date is expected to boost sentiment among community members.
Mainnet Shibarium coming soon
Lucie Sasnikova, Shiba Inu Marketing Specialist, explain Said on Twitter that Q3 is the estimated time for the release of Layer 2. The SHIB CEO reminded holders that Shytoshi Kusama, the lead developer of the project, had previously stated that without any delays, the expected release timeline was for development in July.
At the time of writing, Shiba Inu is trading at $0.000083. The memecoin has lost about 3% of its value over the past week. The upcoming Shibarium mainnet launch and its recent major milestones are expected to boost confidence that SHIB will recover in the short term.
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According to Fxstreet