An Important Update for Shiba Inu (SHIB) Ecosystem

The Australian-based crypto exchange GroveX said it is "in the process of integrating the Shibarium chain."

Oct 23, 2023 - 23:14
An Important Update for Shiba Inu (SHIB) Ecosystem

TL;DR

  • Australian exchange GroveX is integrating Shibarium, with Vet KUSAMA offering collaboration.
  • Shibarium recorded 3.5 million transactions and 1.25 million wallets.
  • SHIB’s value rose by 2.5% in 24 hours, and 1.5% weekly, despite Shibarium’s achievements.

Shibarium’s Progress

While Shiba Inu’s layer-2 blockchain solution – Shibarium – saw the light of day approximately two months ago, it has already been the subject of integration by some cryptocurrency entities. The latest exchange to display intentions to embrace the network is the Australian-based GroveX. 

The team behind the organization announced on X (Twitter) that they are in the process of such a move and are “keen to establish a connection” with a Shiba Inu member to complete the mission.

One person who offered their services in the potential collaboration was Vet KUSAMA, who calls himself the brother of Shytoshi Kusama (the leader of the memecoin project).

Shibarium’s Recent Achievements 

The L2 scaling solution has recently smashed numerous bullish milestones that could supposedly propel a price increase for Shiba Inu (SHIB). The network’s total transactions surpassed the 3.5 million mark, while the overall number of wallets is currently north of 1.25 million.

Despite those advancements, SHIB has not performed as well as some other altcoins. Its valuation has increased by 2.5% in the past 24 hours and 1.5% on a weekly basis. Those willing to check Shibarium’s specifics and learn more about the relation between it and the self-proclaimed Dogecoin killer can check our video below:

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