Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Shibarium Experiences a Temporary Outage But SHIB Prices Unfazed

Shibarium Experiences a Temporary Outage But SHIB Prices Unfazed

CryptopotatoCryptopotato2024/04/22 12:25
By:Dimitar DzhondzhorovMore posts by this author

Here’s what caused the recent disruption on Shiba Inu’s L2 scaling solution.

TL;DR

  • Shibarium, Shiba Inu’s layer-2 blockchain solution, faced an outage due to validator networking issues.
  • Nonetheless, the team behind the meme coin resolved the problem and assured that the network is “running now.”

Shibarium Network Temporary Down

Shiba Inu’s layer-2 blockchain solution – Shibarium – witnessed a brief outage caused by “networking issues amongst the validators.” The update was revealed by the SHIB developer Kaal Dhairya who assured that the problem was quickly resolved.

“Network is back up and running now, some services like Shibariumscan or external RPCs can still remain down until the steps provided are implemented. If you’re an external team working on infrastructure level for Shibarium ( e.g. RPC etc ) please reach out so that we can streamline comms with you over shared telegram / slack channels,” he  added .

Shibarium’s disruption came shortly after the team behind the network  introduced  a new user interface (UI) upgrade, describing it as “faster, smoother, and more accessible than ever.” The developers also expanded compatibility with popular self-custody wallets like MetaMask, Coinbase Wallet, and Trust Wallet.

If you are curious to learn more about Shibarium, feel free to check our dedicated video below:

SHIB Price Outlook

Despite Shibarium’s temporary outage, the price of Shiba Inu kept its uptrend. It currently trades at around $0.00002709, a 1% increase compared to yesterday’s figure.

The meme coin was also among the best-performing cryptocurrencies over the weekend,  recording  double-digit gains.

As CryptoPotato recently  reported , SHIB might be on the verge of a significant bull run due to some important factors. Such examples are the asset’s burn rate spike, the whales’ activity, and the Bitcoin halving.

The event, which took place a few days ago, has historically been a precursor of a major rally for the entire digital asset market, with numerous industry participants expecting the same scenario in the following months.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

XRP Recovers, Cardano Faces Resistance, and BlockDAG’s X1 Miner App Hits 1.5M Users As Early Adoption Skyrockets

XRP sees steady recovery and Cardano stays under pressure, but BlockDAG’s 1.5M active miners may signal a high-growth crypto in the making. Discover why BDAG could become a top 10 crypto by 2025.BlockDAG’s X1 Miner Surpasses 1.5 Million Users as Adoption Surges Pre-LaunchCardano (ADA) Bearish Pattern May Mask Underlying Setup for RecoveryFinal Analysis

Coinomedia2025/06/09 07:08
XRP Recovers, Cardano Faces Resistance, and BlockDAG’s X1 Miner App Hits 1.5M Users As Early Adoption Skyrockets

BlockDAG’s $0.0018 Price Shakeup: Is This the Best Crypto to Buy in 2025 Before Time Runs Out?

BlockDAG slashes presale price to $0.0018, its lowest since Batch 1. With $290M already raised and a $0.05 launch target, the top crypto to buy in 2025 might just be this one. Offer ends June 13.Back to the Start: Lowest Pricing Since Batch 1 and Possibly the Final TimeWhy $0.05 Is Just the Start: The ROI Case That’s Capturing AttentionScarcity Heats Up as June 13 Deadline NearsFinal Thoughts: A Second Chance That Rarely Comes in Crypto

Coinomedia2025/06/09 07:08
BlockDAG’s $0.0018 Price Shakeup: Is This the Best Crypto to Buy in 2025 Before Time Runs Out?

Ethereum ETFs Record 15 Days of Bullish Inflows

U.S. spot Ethereum ETFs see 15 consecutive days of inflows, surpassing $837 million in total investments.Ethereum’s Institutional Appeal RisesWhat This Means for Ethereum’s Future

Coinomedia2025/06/09 07:08
Ethereum ETFs Record 15 Days of Bullish Inflows

Velo ($VELO) Eyes 260% Surge from Key Support

Velo ($VELO) may be poised for a 260% rally as it finds strong support near current levels.A 260% Upside Target at $0.048More Gains Ahead?

Coinomedia2025/06/09 07:08
Velo ($VELO) Eyes 260% Surge from Key Support