According to a recent post on X social media platform by Shiba Inu developer Kaal Dhairya, Shibarium, Shiba Inu’s layer-2 solution, is currently experiencing an interruption.
Dhairya explained that the outage was caused by networking issues amongst the validators.
Currently, the network is functioning again according to the latest news report. Yet, as mentioned by Dhairya and the Shibariumscam website, which monitors Shibarium’s network status, as well as external RPCs, may still be experiencing difficulties while the team tackles external problems.
Teams outside of Shibarium working on its infrastructure are invited to contact Dhairya about the latest technical issue.
Shibarium, introduced last August, hasn’t been free from complex problems according to U.Today’s reports. Its launch experienced various technical complications.
Based on Shibariumscam’s data analysis, the network has achieved significant success. The Shibarium blockchain has processed over 400 million transactions and is nearing 1.7 million wallets. On a notable day, it recorded close to one million transactions. Yet, there was a noticeable decrease in transactions on Apr. 21 with only 10,040 being recorded.
Shiba Inu’s price rally
According to U.Today’s report, there was a significant price surge of over 10% for the well-known meme coin, joined by other humorous cryptocurrencies such as Bonk based on the Solana platform (BONK).
Based on information from CoinGecko, Shiba Inu (SHIB) has decreased by 1.8% in value over the last 24 hours. The reason behind this small decrease isn’t clear – it could be due to investors taking profits or as a result of Shibarium encountering some technical issues recently.
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2024-04-22 13:05