Fri. May 24th, 2024

Shiba Inu Officially launches Shibarium Mainnet

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The Shiba Inu Shibarium mainnet is officially live, with the launch happening today after months of anticipation amongst the SHIB Army. 

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Shibarium was unveiled at the Blockchain Futurist Conference in Canada by Shytoshi Kusama, the lead developer of SHIB.

“The Shibarium mainnet is now ready to on-board millions who are interested in shaping a new future that honors the principles of decentralization,” developers said in a statement. 

The launch follows a successful testnet phase that generated a community of over 21 million user wallets.

Despite the hype following the Shibarium Mainnet launch, SHIB has seen a downward trend in price over the last 24 hours. Data from CoinMarketCap shows that Shiba Inu’s price is down by over 8% in the past day.

The Shibarium launch is the next step for Shiba Inu and its developers to push SHIB as a leading blockchain, not just a popular meme coin. 

The network will reportedly use BONE, TREAT, SHIB, and LEASH tokens for DApps to be built on the blockchain. We could expect the prices of these tokens to rise as demand increases.

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By Tony Chimdiuto

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