Exciting news for Shiba Inu enthusiasts! The Layer-2 Shibarium network is back online and producing blocks after a brief interruption in transactions. Lead developer Shytoshi Kusama assured users that despite the high-level traffic on the blockchain causing some issues, the funds are safe and there are no problems with the bridge or the chain.
According to the Shibariumscan. io block explorer, Shibarium is now up and running, producing blocks once again. The network had entered a fail-safe mode to ensure the safety of funds due to the unexpectedly high traffic after the Shibarium mainnet went live. However, the team has now resolved the issue and the network is back on track.
In an official blog post, Shiba Inu developer Kaal Dhairya revealed that the team is actively working on scaling operations to support the massive traffic on Shibarium. They are also committed to providing regular updates on the status of the network, which is a fork of Polygon.
While the network restart is certainly a positive development, there have been some concerns within the ShibArmy community regarding FUD (fear, uncertainty, and doubt) that has been circulating and causing harm to the project. It's important to stay informed and focus on the facts to avoid unnecessary panic.
Despite the recent selloff in the broader crypto market, the prices of SHIB and BONE tokens have shown resilience and are bouncing back. SHIB price fell by 11% in the past 24 hours but is currently trading at $0.0000082, with a low of $0.0000076 and a high of $0.0000093. Similarly, BONE price is currently at $1.18, down 15% in the last 24 hours, while LEASH price is trading at $430, down 5% in the same timeframe.
As the Shibarium network continues to operate smoothly, it's an exciting time for Shiba Inu supporters. Stay tuned for further updates and keep an eye on the rebounding prices of SHIB and BONE tokens.