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(Crisis Averted) The SHIB Token Is Back In Full Force

TL;DR

  • Last week, everyone was eager to try out Shibarium — which led to the blockchain getting overwhelmed and switching to fail-safe mode.

  • Good news is: it’s all fixed now.

  • And within 24 hours of Shibarium’s relaunch, more than 100,000 wallets made over 420,000 successful transactions.

Full Story

You know that moment of ‘social overwhelm’ you’ll see toddlers go through at Christmas lunch?

One too many pinches on the cheek from one too many half-sauced aunts → the kid gets scared → cries → leaves the room entirely.

That’s sort of what happened recently with the launch of the Shibarium, the layer 2 blockchain on Ethereum which is supposedly even cheaper and faster than Polygon.

Everyone was eager to try it out, and quickly, thousands and thousands of transactions all tried to go through at the same time — which led to the blockchain getting overwhelmed and switching to fail-safe mode.

As a result, $2.5 million got stuck in limbo. Not quite the results the fans of the token were hoping for…

Good news is: it’s all fixed now.

SHIB’s Shytoshi Kusama got help from none other than Sandeep Nailwal, co-founder at Polygon Labs, who helped patch everything up.

And within 24 hours of Shibarium’s relaunch, more than 100,000 wallets made over 420,000 successful transactions.

That ain’t too shabby!

Ain’t too shabby at all.



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