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Writer's pictureFrank Taylor

Key Shibarium Updates for September 10th: What You Need to Know


Key Shibarium Updates for September 10th

Solid Activity on Shibarium


Shibarium's Marketing Strategist, who operates under the X handle "LUCIE," recently provided updates on significant projects within the Shiba Inu (SHIB) ecosystem. They disclosed that Shibarium, the meme coin’s layer-2 scaling solution, has reached a three-month high in the number of deployed contracts, indicating robust developer activity.


Despite this positive development, many other indicators for the network have been trending downward. Recent data reveals that daily transactions on Shibarium have fallen below 2,000, representing a 93% decline compared to the figures from late August. Additionally, both the number of new accounts and active accounts have significantly decreased.


Shibarium was launched approximately a year ago with the goal of advancing the Shiba Inu ecosystem by improving scalability, reducing transaction costs, and increasing speed. For more details on the ecosystem, be sure to check out our Shibarium news.


Another important update concerns the Web3 game Shiba Eternity. LUCIE highlighted new features such as leaderboards, a rewards system, and overall improvements aimed at enhancing the user experience. They also mentioned that the development team has resolved previous issues related to freezing, loading screens, gameplay timing, and card effects.


Shiba Eternity is a game that allows players to collect, trade, and battle with cards featuring characters, themes, and items inspired by the Shiba Inu meme. Recently, LUCIE revealed that the game’s closed beta is now live.


SHIB Price Outlook


Industry analysts believe that further developments in Shibarium could positively impact the price of Shiba Inu. The token has seen a 2.5% daily increase and is currently trading at approximately $0.00001348.


This slight rebound aligns with the broader cryptocurrency market's recovery, where Bitcoin (BTC) briefly surpassed $58,000 and Ethereum (ETH) climbed above $2,350.


The meme coin market has also seen notable gains, with tokens like Dogecoin (DOGE), Dogewhifhat (WIF), Floki Inu (FLOKI), and Bonk Inu (BONK) experiencing significant increases. Meanwhile, cat-themed tokens such as Popcat (POPCAT) and Kittecoin (KOIN) have recorded double-digit price rises, attracting attention in the market.


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