November 7, 2024

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Shibarium wallets surpass 100K after SHIB devs relaunch bridge

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Shibarium wallets surpass 100K after SHIB devs relaunch bridge

Shibarium, a new layer-2 blockchain for Shiba Inu

At the time of the outage, Kusama blamed the “MASSIVE influx of transitions and users” when it went live, and later said it found a case where “thousands upon thousands of contract creation and normal transactions” in one block — which led it going into fail-safe mode.

It is estimated that about $2.5 million in funds were stuck on the bridge at the time.

In the days following, the Shibarium team claimed to have scaled the server infrastructure by 1500% to better manage congestion on-chain.

Shibarium is an Ethereum layer-2 network which utilizes SHIB for gas fees. The project focused on building gaming and metaverse applications on the platform.

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