As reported by CryptoPotato, Shibarium, which is associated with Shiba Inu, plans to collaborate with numerous projects and maintain existing partnerships. Despite the network's technological advancements and increasing transaction volumes, the price of SHIB has fallen by 13% over the past month. Shibarium's market strategist LUCIE revealed that the second-layer blockchain solution plans to "onboard 1,000 projects with numerous partners." The executive added that the upcoming collaboration will not lead to the cancellation of existing ones. The Shiba Inu and Shibarium teams have signed multiple agreements in the past few months, including one with Filipino boxing legend Manny Pacquiao. Launched in August last year, this L2 scaling solution aims to promote the growth of the Meme coin by providing faster transaction times and lower fees. Shibarium has recently achieved numerous milestones and launched important developments. As recently reported by CryptoPotato, the total transaction volume on the network has exceeded 300 million, and the wallet addresses have exceeded 1.3 million. In addition, the Shibarium team released a major update designed to reduce the burden of manual token destruction and automate the entire system. The mechanism is designed to reduce the huge SHIB supply, making the asset more scarce and potentially more valuable in the future. Despite this, the Shiba Inu’s price has been falling since the beginning of the year, down 13% in a month (according to CoinGecko).

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