Shiba Inu (SHIB) To Launch Shibarium Testnet This Week As Burn Rate Spikes 95%

Shiba Inu SHIB To Launch Shibarium Testnet This Week As Burn Rate Spikes 95

The Shib Army is eagerly waiting the big day of the Shibarium launch. The Layer-2 solution is considered to be a crucial development for the Shiba Inu (SHIB) Ecosystem, as it will act as the foundation that powers the forthcoming SHIB: The Metaverse. Moreover, the release of Shibarium is expected to reduce transaction costs and improve transaction speeds. With the initial launch date set for Q3 2022, there are just three days left in the timeframe. Naturally, soldiers of the Shib Army are gathering on Twitter for a countdown.

Shibarium Is Finally Coming

As stated above, the official launch date set by developers is for the end of September. However, Unification $FUND, the developer team working on Shibarium, posted an official announcement on Medium with a precautionary clause, adding “or sometime shortly thereafter”.

According to the documentation, the first in line for the update would be the Shibarium testnet. The testnet phase is a crucial step for onboarding developers who are looking to build their dApps on the Layer-2 solution. Devs building on Shibarium can provide feedback to the Shiba Inu (SHIB) developers, and help to identify bugs prior to the mainnet launch.

Download Day for Shiba Eternity Nears

In addition to the Shibarium news, the Shib Army is waiting on global download day for the Shiba Eternity computer card game. So far, the game has been released in Australia and Vietnam to great success. Shiba Eternity is slated to become available for download on the Apple Store and Google Play worldwide on October 1st, 2022.

With the date drawing ever nearer, an array of positive Shiba Inu hashtags are trending on Twitter, including #ShibaEternity and #SHIBArmy. Excitement for the game ramped up after developer William Volk and pseudonymous Shiba Inu leader Shytoshi Kusama revealed crucial details about the gameplay. Furthermore, Volk revealed that Shiba Eternity has been rated 4.9 out of 5 on the Apple Store in the select countries it has already released in.

The Shiba Inu (SHIB) Blaze

As the total number of Shiba Inu (SHIB) holders increases by the hour, the active community behind the popular meme coin has been consistently contributing to the cause of burning their beloved dog-themed token. According to the latest data from Shibburn, over 61 million Shiba Inu (SHIB) tokens were set aflame in the last 24 hours alone.

On the Flipside

  • The increased SHIB burn rate has not yet reflected in the token’s price.
  • Shiba Inu’s (SHIB) market price has stooped 4.3% in the last 24 hours.
  • Shibarium’s gas fee token, Bone ShibaSwap (BONE), has tumbled in value by 11.1% in the last 24 hours.

Why You Should Care

Shiba Inu (SHIB) has a vocal community in the Shib Army. Despite the ruthless bear market, enthusiasts of the Japanese dog themed token remain optimistic on Twitter.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

Author

Tadas Klimasevskis is an author & reporter, focusing on the latest tendencies of the crypto galaxy. Tadas spends his time digging deeper into specific areas like coins such as Shiba Inu (SHIB) & Dogecoin (DOGE), music NFTs, sports NFTs, digital art, and Pop culture in Web 3.0. Tadas strongly believes in crypto as disruptive innovation and keeps an eye out for new crypto hubs being developed around the globe. His vast experience in social media lets him quickly spot what’s going on in the mercurial world of crypto and deliver stories with unique spins. He has been active in blockchain and cryptocurrencies since 2019.