Shibarium, the layer-2 solution for Shiba Inu coin, shows strong developer activity despite decreasing daily transactions. According to Shibarium’s marketing strategist LUCIE, the network is approaching a three-month high in deployed contracts. This increase in contracts highlights ongoing development within the Shiba Inu ecosystem.
However, other indicators point to challenges. Shibarium’s daily transactions have dropped sharply, now processing fewer than 2,000 transactions daily. This marks a 93% decrease from the end of August. The number of new and active accounts has also seen a noticeable decline, reflecting a challenging period for the layer-2 network.
Shibarium was launched to improve scalability, lower transaction costs, and boost transaction speeds within the Shiba Inu ecosystem. These remain critical goals for the network as it continues to evolve.
Shiba Eternity Enhances Gameplay with New Updates and Features
The Shiba Inu ecosystem expands beyond blockchain technology, with the Web3 game Shiba Eternity rolling out several updates. LUCIE shared that new leaderboards and a revamped rewards system have been introduced to improve user experience.
The game also addressed several technical issues. These include fixes for freezing, loading screen delays, gameplay timing, and card effects. The development team has focused on enhancing overall performance, making the game smoother for players.
Shiba Eternity allows users to collect, trade, and battle using cards based on Shiba Inu-themed characters and items. Moreover, these improvements highlight the ongoing development efforts within the Shiba Inu ecosystem. As a result, the game continues to attract more attention from users and investors alike. Ultimately, these updates are expected to enhance the overall experience and further strengthen the ecosystem’s growth.
Shiba Inu Rises Amid Crypto Market Recovery as Meme Coins See Gains
Shiba Inu (SHIB) saw a price increase of 0.34%, reaching $0.00001359. This rise aligns with a broader recovery in the cryptocurrency market. Bitcoin (BTC) briefly exceeded $58,000, while Ethereum (ETH) surpassed $2,350.
The market cap stands at $8.01 billion, with a 24-hour trading volume of $139.26 million, reflecting a 10.88% decrease.
The meme coin market, including Dogecoin (DOGE), Floki Inu (FLOKI), and Bonk Inu (BONK), also experienced gains. In addition, cat-themed tokens such as Popcat (POPCAT) and Kittecoin (KOIN) saw significant price increases, with some recording double-digit growth.
For Shiba Inu, continued developments in Shibarium and Shiba Eternity may influence its future price performance.
