Shiba Inu's Much-Hyped Shibarium Officially Launches In Beta Form

Shiba Inu’s Much-Hyped Shibarium Officially Launches In Beta Form

12 March 2023

in SHIBA

Reading Time: 3 mins read

March 12, 2023 3:42 PM | 2 min read

On Saturday, pseudonymous Shiba Inu (CRYPTO: SHIB) developer Shytoshi Kusama announced the beta version of the highly anticipated layer-2 scaling solution Shibarium.

In a blog post, Kusama said that early beta testers can now use the testnet, which uses tokens called Puppynet that are not in any way investments.

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“All tokens on Puppynet are NOT REAL. Don’t spend you’re hard earned SHIBS on these tokens if you see them no matter how hard people, anyone, shills,” Kusama wrote, while also sharing a link to test the Ethereum scaling protocol.

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“For the TLDR people, this is an open early beta test so go ahead, you can access it now here! Shibarium official RPC website is available here,” he wrote.

Last week, Kusama hinted at the progress of the layer-2 project Shibarium. He noted in his Twitter bio that ShibaSwap is the only official decentralized exchange (DEX) for the SHIB and Shibarium ecosystem.

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ShibaSwap aims to provide a safe place for traders to trade their crypto assets in a decentralized environment.

Shibarium, on the other hand, is an Ethereum-based layer-2 blockchain similar to Polygon (CRYPTO: MATIC). It is designed to allow developers to create fast, inexpensive, and highly scalable applications. The project was first announced in May of 2021.

In other news, a crypto whale relocated 258,837,671,569 SHIB worth over $2.64 million to Shiba Inu’s smart contract, blockchain-tracking service Etherscan reported. The crypto whale reportedly still holds 4,925,361,871,313 Shiba Inu worth over $50.23 million.

At the time of writing, SHIB was trading at $0.00001032, down by 8% in the last week.

Read Next: 3 Trillion Shiba Inu Transferred To Mysterious Wallet After Kusama Confirms Massive Burn Ahead Of Shibarium Launch

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