22 Apr

Shibarium is having technical issues, which has caused the price of Shiba Inu (SHIB) to drop by almost 2%. Shiba Inu developer Kaal Dhairya posted on the X social media network that Shibarium, Shiba Inu's layer-2 solution, had experienced an outage.

Dhairya clarified that networking problems among the validators were the root cause of the outage. The network is operational again as of the time of publication. However, as Dhairya pointed out, external remote procedure calls (RPCs) and Shibariumscam—a well-known website that monitors the status of the Shibarium network—may continue to be unavailable while the team addresses external problems.

Regarding the most recent technical incident, Dhairya has invited external teams that work for Shibarium on an infrastructure level to get in touch with her.

Since its inception in August of last year, Shibarium has experienced numerous technical issues.

That being said, data prompted by Shibariumscam indicates that the network has been a huge success. The number of wallets on the Shibarium blockchain is getting close to 1.7 million, and the blockchain has now processed over 400 million transactions. It registered around a million transactions on the fifteenth. On April 21, though, there were just 10,040 transactions.

The rise in Shiba Inu prices

The well-known meme currency, along with other lighthearted cryptocurrencies like Solana-based Bonk (BONK), recently had a double-digit price increase.

Based on data from CoinGecko, the price of Shiba Inu (SHIB) has decreased by 1.8% in the last 24 hours. It's unclear if Shibarium's recent technical error or profit-taking is to blame for the little decline.

April 2024, Cryptoniteuae 

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