Shib Inu’s Shibarium, a Layer 2 (L2) blockchain network, recently celebrated a significant milestone of reaching 1 million wallets and is on the brink of achieving 1 million transactions, as reported by Blockchain.News.
The network has also launched its hosted version of the Blockscout explorer and expanded its token bridge to include multiple tokens like USDT, USDC, DAI, WBTC, and XFUND.
Shibarium Hits 1 Million Wallets
Shibarium, a Layer 2 blockchain network, has reached a milestone of 1 million wallets, according to an update by Shiba Inu developer Kaal Dhairya on September 3, 2023. The network aims to maintain its status as one of the fastest and most cost-effective L2 solutions. While some users have expressed discontent over the low gas fees, the network views it as a strength.
Blockscout Explorer Now Available
Shibarium has introduced a hosted version of the Blockscout explorer, available on Shibariumscan. The move allows the protocol team to focus on network upgrades. The Blockscout team will ensure the explorer remains operational and the blockchain is fully indexed. Users are encouraged to “Do Your Own Research” (DYOR) and verify contracts using the Blockscout contract verification system.
Token Bridge Expansion
Shibarium has expanded its token bridge to include additional tokens. The newly mapped tokens are as follows:
USDT: 0xaB082b8ad96c7f47ED70ED971Ce2116469954cFB
USDC: 0xf010f12dcA0b96D2d6685bf4dB3dbB4Ad500B6Ad
DAI: 0x0726959d22361B79e4D50A5D157b044A83eC870d
WBTC: 0xE984D89fb00D0B44E798A55dc41EA598B0b0899d
XFUND: 0x89dc93C6c12CaE47aCAf4aD9305d7A442C30dBB2
Wrapped BONE Contract Verified
The Wrapped BONE (WBONE) contract has been verified and is available for public scrutiny. The contract address is 0xC76F4c819D820369Fb2d7C1531aB3Bb18e6fE8d8.
Future Plans
Shibarium plans to renounce the Bone contract within the week and will add more validators to the network. The platform encourages developers to build on top of Shibarium, aiming for the next big innovation to be founded on their network.
Conclusion
Shibarium’s milestone of 1 million wallets and imminent 1 million transactions mark it as a growing force in the Layer 2 blockchain space. With the introduction of the Blockscout explorer and the expansion of its token bridge, Shibarium is not just scaling but also providing tools for transparency and interoperability. As it moves forward, the network aims to foster innovation and empower its community to lead a self-sovereign life.
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