Shiba Inu's Layer-2 Network Shibarium Set to Launch in Two to Four Months, Stress Test Shows Promise

Shiba Inu (SHIB) fans and users have been eagerly awaiting the launch of Shibarium, the project's layer-2 network. According to the lead developer, Shytoshi Kusama, the network could be launched in the next two to four months. This is good news for those who have been following the development of Shibarium, which has experienced several delays since it was first announced.

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Kusama stated that the current priority for Shibarium is to build systems. He revealed that he may take on the role of systems designer to oversee tasks such as creating a ticket system, providing support, and onboarding new users. In addition, the team is also working on the user interface for some "secret projects" and some surprises to help businesses that are not fully familiar with the metaverse.

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Originally planned for release in 2022, Shibarium's launch was postponed several times due to development issues. However, the beta testnet was launched in March, which gave fans hope that the mainnet would soon follow. Based on Kusama's comments, it is possible that Shibarium will launch sometime between June and August.

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Recently, the Shibarium testnet experienced an 86% increase in wallet addresses. A member of Shib Pixel Pups attributed the increase to a script designed to stress test the network. The script created over 9.5 million wallets on Puppynet and executed over 3 million transactions on the beta network. As a result, the total number of addresses on the network has surpassed 13 million.

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The user who created the script also revealed that they had created around 1,620 tokens on the beta testnet, including Shib Pixel Pups DAO (SPPDAO) and Shib Pixel Pups Token (SPPX). The script was designed to test the scalability and efficiency of the blockchain.

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With Shibarium's launch approaching, there is a possibility of a price spike for Shiba Inu (SHIB). Currently, SHIB is facing resistance at $0.00001173, with support at $0.00001124. However, it is unclear whether SHIB will be able to outgrow its larger rival, Dogecoin, which has a market cap that is over $6 billion greater than SHIB. More data is needed to determine whether SHIB can catch up to Dogecoin in 2023. The article explores real use cases, ecosystem developments, and on-chain data to get a clearer picture of the difference between Shiba Inu and Dogecoin.

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Both Dogecoin and Shiba Inu have gained popularity in recent years, primarily due to their memes and celebrity endorsements. However, both projects are also pursuing real-world use cases that could potentially increase their utility and value. Dogecoin has been adopted as a means of payment by several merchants, including online retailer Newegg and the Dallas Mavericks basketball team. Meanwhile, Shiba Inu has partnered with several projects, including DeFi lending platform Cream Finance, to increase the adoption of SHIB.

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In terms of ecosystem developments, both Dogecoin and Shiba Inu are working to expand their reach. Dogecoin recently announced the launch of a new NFT marketplace, which allows creators to mint and sell their own NFTs. Shiba Inu, on the other hand, is focused on expanding its ecosystem through Shibarium, which promises faster and cheaper transactions. The launch of Shibarium could potentially increase the adoption of SHIB and pave the way for more use cases for the token.

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