The Shiba Inu team has reportedly made significant progress towards a new layer-3 blockchain with a successful $12 million fundraising round.
The fundraising, which began a few months ago and concluded earlier this month, reportedly took place with valuations reaching as high as $200 million. Notably, this new layer-3 solution will be built on top of Shibarium, Shiba Inu’s existing layer-2 blockchain built on Ethereum. Despite these developments, the number of transactions on the Shiba Inu network declined materially. The prosperity of Shiba Inu ecosystem can impact sentiment around SHIB in the future.Another factor that could impact sentiment around Shiba Inu would be the recent outage on its network. While the core Shibarium network is back online, some users might still experience issues due to lingering problems with validators and external services.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CryptoAmb - 🏆 22. / 68 Read more »