Shibarium is the Shiba Inu token’s most-awaited development and investors believe its launch could make SHIB scale up sustainably in price. Reports are doing the rounds on social media that Shibarium might release in June, giving way to the launch of the layer-2 solution. Unification, which is currently working on Shibarium announced earlier this year that the development has reached the second stage of the private testnet. However, the public testnet is yet to be live and Unification has kept the developments under wraps.
The lead developer of Shiba Inu, Shytoshi Kusama has been repeatedly mentioning Shibarium lately, giving hints that the layer-2 solution is shaping out well. A few days ago, he shared a GIF saying “laughs in Shibarium” suggesting its release might be around the corner.
Shiba Inu’s Shibarium Network is to be released in June 2022?
Several Shiba Inu investors have been suggesting Shibarium is all set to release this month. A user tweeted, “Guess UnificationUND does main system upgrade Wed 8th. They stress test system for 48hrs. All goes well Shibarium releases Friday Evening. Followed by WellyFriends NFT minting SAT. For Shiboshi/Leash Holders, then WL, then public if any left. #SHIB.”
However, it is highly unlikely that Shibarium will be launched by the end of June 2022. Shytoshi Kusama previously revealed that Shibarium ‘Documentation’ might release sometime in June and not Shibarium as a whole in itself.
You can read more details about the Shibarium Documentation release here.
Both Shiba Inu and the Unification team have not revealed a tentative Shibarium release date yet. The release dates on social media are mostly speculative and not official.
How Important is Shibarium?
Shibarium will be built on top of the Ethereum blockchain and surpass its high gas fees for transactions. Reports state that the upcoming layer-2 solution will have much lesser gas fees and could also be $0. This would increase SHIB’s trading volume and also attract many new and first-time investors into its fold.
In addition, reports claim that Shibarium will include a small transaction fee that will be used to ‘burn’ SHIB tokens. If the team includes the development, Shibarium could be a 24/7 mill that ‘burns’ SHIB constantly. All this will make Shiba Inu’s price scale up sustainably and move towards the path of the ‘1 Cent dream’.
At press time, Shiba Inu was trading at $0.00001113 and is up 3.05% in the 24-hours day trade.