Major Shibarium and Shiba Eternity updates on September 10th

TL;DR

Shibarium, the Layer 2 solution for Shiba Inu, saw strong developer activity with an increase in deployed contracts, but daily transactions and new accounts have declined considerably. Web3 game Shiba Eternity introduced new features and improvements, while the SHIB price rose 2.5% amid a broader market recovery.

Solid activity on Shibarium

Shibarium’s marketing strategist, using the X handle LUCIE, recently shared updates on important projects within the SHIB ecosystem. They revealed that Shibarium (the meme coin’s Layer 2 scaling solution) approached a three-month high of deployed contracts, “showing strong developer activity.”

However, this appears to be one of the few positives for the network as of late, with numerous indicators pointing south. Data shows that daily transactions processed on Shibarium are below 2,000, which represents a 93% decline compared to the figure seen at the end of August. The number of new accounts and active accounts has also dropped dramatically.

Shibarium saw the light about a year ago. It is specifically designed to foster the development of the Shiba Inu ecosystem by improving scalability, reducing transaction costs and improving speed. For more updates on the ecosystem, be sure to check out our Shibarium News.

The following development is related to the Web3 game Shiba Eternity. LUCIE said highlights include new leaderboards and reward system and an overall overhaul to improve user experience. User X also said that the team fixed previous issues with freezing, loading screens, game time, and card effects.

Shiba Eternity is a game that allows players to collect, trade and battle with cards featuring various characters, themes and items inspired by the Shiba Inu meme. Not long ago, LUCIE revealed that the game’s closed beta is live.

SHIB Price Outlook

According to some industry participants, new developments in Shibarium could positively affect the Shiba Inu price. Meme Coin is up 2.5% daily and is currently trading at around $0.00001348.

SHIB Price, Source: CoinGecko

Its slight resurgence coincides with the revival of the broader cryptocurrency market, where Bitcoin (BTC) briefly topped $58,000, while Ethereum (ETH) topped $2,350.

The realm of meme coins is also very much in the green, with Dogecoin (DOGE), dogwifhat (WIF), Floki Inu (FLOKI), Bonk Inu (BONK) and many more making substantial gains. Meanwhile, cat-themed tokens like Popcat (POPCAT) and Kittecoin (KOIN) have stolen the show, posting double-digit price increases.

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