Shiba Inu tokens value slide amid Shibarium bridge restart

Shiba Inu tokens value slide amid Shibarium bridge restart
фото показано с : cryptoslate.com

2023-8-28 13:32

Shiba Inu’s layer2 network Shibarium mainnet bridge is now functioning optimally, according to an Aug. 28 update from its lead developer, Shytoshi Kusama.

However, cryptocurrency withdrawals on the network are subject to extended processing times. Per the recent update, digital assets like SHIB, Leash, and Wrapped Ether (WETH) may take up to 3 hours to process, while the network’s native Bone token may require a maximum of seven days.

Kusama attributed this extended withdrawal period to the bridge’s specific design. He further assured the SHIB community that their funds were “safu and that Shibarium is ready for prime time.”

The update comes in response to the developers’ move to temporarily halt access to the Shibarium bridge due to complications during its launch on Aug. 16. Many users experienced issues with stuck transactions and frozen funds, which created significant uncertainty within the community.

Lead developer thanks Polygon

The developer highlighted how the Polygon team helped the bridge to remedy its situation.

Shibarium, originally a fork of Polygon (MATIC), distinguishes itself as an Ethereum (ETH) layer-2 network. It leverages SHIB tokens for transaction fees as part of efforts to establish Shiba Inu as a credible blockchain project.

Data from Shibariumscan further shows that the network was processing transactions, with the nearly 67,000 addresses created on the network processing 368,859 transactions as of press time.

Source: Shibariumscan SHIB’s value is down despite bridge restart

CryptoSlate’s data shows that the network restart did not positively affect the price performance of Shiba Inu-related tokens. According to the data, Shibarium’s Bone ShibaSwap’s (BONE) token is among the top 10 losers for Aug. 28, while SHIB is down 2.2% in the last 24 hours.

Meanwhile, these assets struggle amid a general bearish sentiment in the crypto market. According to CryptoSlate’s data, Bitcoin (BTC) continues to trade below $26,000, while the broader crypto market fell by 0.65% in the last 24 hours to $1.04 trillion.

The post Shiba Inu tokens value slide amid Shibarium bridge restart appeared first on CryptoSlate.

origin »

SHIBA INU (SHIB) на Currencies.ru

$ 0 (+1.82%)
Объем 24H $11
Изменеия 24h: 8.92 %, 7d: 2.86 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 3428
Доступно / Всего 0 SHIB

bridge network shiba shibarium inu kusama however

Источник: cryptoslate.com

bridge network → Результатов: 126


MetaMask Expands L2 Network Support, Adds Optimism And Arbitrum

The flagship hot wallet, MetaMask, is adding network and bridge support for two new major networks this week, according to an official announcement on Wednesday. Optimism and Arbitrum, two growing networks in the crypto ecosystem, are now supported on MetaMask – bringing the signature browser wallet’s bridging network count up to six in total. The […]

2023-2-23 22:41


Фото:

Bridge Network, backed by FTX, Reveals Plans For Multichain Non-Custodial Payment Solution

A non-custodial multichain payment product will be introduced, according to Bridge Network, to address crypto off-ramps in underserved areas. The product will enable risk-free and secure cryptocurrency payments in the real world by allowing users to fund their cards directly from web 3 wallets across any chain.

2022-10-20 12:24


Фото:

Octus Bridge Integrates With Solana, Tops Its List Of Supported Networks

Cross-chain asset transfer platform Octus Bridge has topped its list of supported networks with the Solana network following a recent integration between the platforms. The development team behind Octus Bride, Broxus, announced that Octus Bridge has joined the Solana ecosystem after adding Solana to its list of supported networks. Hence, marking the eighth network to […]

2022-9-29 23:34


Разработчики перезапустили сайдчейн Ronin спустя три месяца после взлома на $625 млн

Разработчики перезапустили задействованный в блокчейн-игре Axie Infinity сайдчейн Ronin Network и возместили пользователям средства, которые они потеряли в результате мартовского взлома. The Ronin Bridge is open!• All user funds are fully backed 1:1 by the new bridge.

2022-6-30 18:43


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Shiba Inu burn rate plummets 90% - How this will impact SHIB prices in 2025

Shiba Inu's burn rate plunged amid price struggles. Whale transactions continued to influence SHIB's price, adding both volatility and liquidity concerns. Shiba Inu [SHIB] has seen fluctuatiThe post Shiba Inu burn rate plummets 90% - How this will impact SHIB prices in 2025 appeared first on AMBCrypto.

Meme coin mania: top 3 cryptos that dominated 2024

The cryptocurrency market, a space known for its constant evolution, continues to introduce new digital assets at a rapid pace. Among these, meme-based cryptocurrencies have experienced a surge in popularity, driven by their strong connections to internet culture and social media trends.

Meme coins to watch in 2025: Doge, Shiba Inu, and Pepe lead the pack

Meme coins, born from internet jokes and viral memes, have carved out a unique space within the cryptocurrency landscape. These digital assets, often driven by strong community support and perceived decentralization, are no longer just a laughing matter; they’ve become a force to be reckoned with.