Shibarium Blockchain News

What is Shibarium L2?

The Shibarium L2 is a Layer 2 protocol like Optimism or Polygon that is being built by the Shiba Inu community. Shibarium is designed to be a blockchain that is optimized for gaming applications to attract developers to build a vibrant metaverse and gaming ecosystem on top of the network.

The SHIB token will be the protocol and gas token for the network, which should drive the demand and subsequently increase the price. This could make SHIB as valuable as top Layer 1 blockchains like Ethereum, Binance, and Solana. There are also some rumors saying BONE could be used as the gas token as well, but this is not yet finalized.

Shibarium Release Date

News around the Shibarium official release date has been relatively sparse. The founder of Shiba Inu, Shytoshi Kusama has only spoken on the topic a few times in public. In a recent Q&A on the Shiba Inu discord, he did tease that he is expecting the Shibarium L2 to be released in Q4 of 2022.

‍

The Shibarium Coin

The official token for the Shibarium ecosystems will be SHIB and BONE. You can read more about how the BONE farms will crossover to the Shibarium L2 ecosystem from Ethereum Mainnet in this recent community proposal.

‍

Who is Developing Shibarium?

The developers of Shibarium are called xFUND, they are a team of blockchain developers who work on DeFi governance protocols. They are a completely doxxed team based in Singapore who are widely regarded for their work on decentralized oracles that are competitors to networks like Chainlink.

‍

Shiba Inu Price

The chart below is the live price of Shiba Inu (SHIB) in US Dollars.