- Transfer of servers and The re-indexing of the entire Shibarium network was caused by a decrease in the number of transactions of almost 58,8% over three days in May.
- Shitoshi Kusama, who is working tirelessly on new initiatives, is confident that this is a matter of data reflection, not an actual decline in performance.
In the first days of May, the Shibarium network, the second level of the blockchain, Shiba Inu, there was a decrease in the number of transactions of almost 58,8%.
On According to Shibariumscan, the number of transactions on Shibarium dropped from 3010 on April 30 to 1240 on May 2, a drop of 58,8%.
Shibarium recently migrated its servers and reindexed the entire network to improve throughput, processing speed, and overall stability. During the update, the Shibarium block explorer was completely rebuilt, and synchronization consistently improved from 45% to 100%.
Shibarium transactions are currently below normal levels, despite already being quite low. As Shibarium explorer data normalizes in the coming weeks, the true level of Shibarium network activity is expected to become much more consistent, with transaction volume and other key metrics returning to their actual levels.
Last year, developers Shiba Inu We launched a testnet for the Shib Alpha Layer, a modular abstraction layer for ultra-fast transactions that delivers sub-100ms finality and high throughput (TPS) for maintaining global network state in Shibarium. Fully homomorphic encryption (FHE) is expected to be integrated into the Shib Alpha Layer aggregation stack in an upcoming Shibarium update.
Last weekend, the leader of the crypto project Shiba Inu Shitoshi Kusama reported on the progress of development:
“Next week, God willing, the project’s waiting list will open. I’m still working on fixing a few bugs,” he wrote on social media.
This year, Kusama began working on a new independent AI-powered app focused on relationships.
This development does not provide any support for the price of the SHI memecoin, which has shown a 1,6% daily decline to $0,000006213. Derivatives data shows that open interest in SHIB has decreased by 3,93% over the past 24 hours to $58,50 million, while volumes remained unchanged, falling by 0,64% over this period to $75,11 million.
Risk Warning:
The information on this website is for informational and educational purposes only and does not constitute investment advice or financial recommendations. Cryptocurrencies and digital assets carry a high level of risk, including possible loss of capital. The editors are not responsible for decisions made based on the published materials. It is recommended that you conduct your own research (DYOR) before making investment decisions. Read the editorial policy. https://happycoin.club/about/