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Shibarium Public Testnet to Go Live “Very Soon” -Breaking

by Mike Robinson

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Shibarium Public Testnet to Go Live “Very Soon”

A public testnet of Shiba Inu’s (SHIB) Layer-2 solution ‘Shibarium‘ could be set for launch in the nearest future, revealed the developers working alongside the project, Unification Foundation.

As stated in their 2022 roadmap post, the second installment of Shibarium’s private testnet is already live and undergoing optimization by both teams. The post’s authors added that they are planning for Shibarium’s public testnet release “ to come very soon.” So far, the specific date for when the platform will become available has not been specified.

Shibarium can be used as a layer-2 for (SHIB). The network is the basis for popular memecoins. They operate as ERC-20 standard tokens. SHIB, once the Shibarium network has been implemented fully, will have its own blockchain that can be used to migrate, which in turn will lower transaction costs as well as gas fees, compared with Ethereum.

As previously confirmed, Shiba Inu’s governance token, BONE, will be used as the main token of Shibarium Layer-2 mainnet.

SHIB Rallies: Prices

Following the rumors, the prices of the world’s beloved SHIB meme token surged by almost 27%, reaching $0.00002942 on early Monday morning.

SHIB dropped a little later and now trades almost 7 percent lower as of the writing. SHIB saw a price rise that brought it to levels not seen since January mid-January.

It’s still only 68% off its October 2021 record of $0.00008616. If the memecoin’s price continues to surge, it could mark a trend reversal in the SHIB’s price chart.

We will keep you updated!

Shiba Inu has other plans for 2022, including the launch the Shibarium public testingnet.

As was previously revealed, Shiba Inu plans to engage its ‘Shiberse‘ metaverse, work to further implement its DOGGY DAO, release its own NFT collection, and even release a Shiba Inu game together with the PlaySide Studios in 2023.

Shiba Inu is also working towards the biggest ever SHIB token burn for the upcoming Valentine’s day.

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