• Developers are preparing a Layer-2 upgrade for Shiba Inu (SHIB).
• Ledger and Atomic Wallet are officially supporting Shibarium.
• The SHIB burn rate spiked by 28385.44% in the last 24 hours.
The world of cryptos is abuzz with news about the upcoming Layer-2 upgrade for Shiba Inu (SHIB). The popular canine coin is one of the most talked-about projects in the crypto space and its Layer-2 upgrade has been long awaited by the SHIB Army. In the last 24 hours, the SHIB burn rate skyrocketed to 28385.44%, which is an indication of the bullish sentiment in the market.
The Layer-2 upgrade for Shiba Inu (SHIB) is being prepared by developers. According to the latest reports, the Beta phase of the Shibarium Layer-2 solution is now complete and the development team is ready to launch it soon. This news has been further reinforced by the support of Ledger, one of the most prominent hardware crypto wallet manufacturers, as they have announced their inclusion of Shibarium in their roadmap for 2023.
The news of Layer-2 support has been further bolstered by the announcement from Atomic Wallet, another top player in DeFi. Atomic Wallet provides over five million users worldwide with a self-custodial wallet and they have officially declared their support for Shibarium. This has led to a surge in the SHIB burn rate, which shot up by 28385.44% in the last 24 hours.
However, the developments in relation to Shibarium have not been reflected on Shiba Inu’s market price as it has barely moved in the last 24 hours. Nevertheless, the SHIB token still managed to fetch over 22.3% in the last two weeks, restoring the fundamental resistance level of $0.00001.
All in all, the developments in relation to the Layer-2 upgrade for Shiba Inu (SHIB) have been welcomed by the crypto community and the SHIB Army is eagerly awaiting the launch of the Shibarium Layer-2 solution.