On Saturday, pseudonymousShiba InuSHIB/USD developerShytoshi Kusama announced the beta version of the highly anticipated layer-2 scaling solution Shibarium.
In ablogpost, Kusama said that early beta testers can now use the testnet, which uses tokens called Puppynet that are not in any way investments.
All tokens on Puppynet are NOT REAL. Dont spend youre hard earned SHIBS on these tokens if you see them no matter how hard people, anyone, shills, Kusama wrote, while also sharing a link to test the Ethereum scaling protocol.
For the TLDR people, this is an open early beta test so go ahead, you can access it nowhere! Shibarium official RPC website is availablehere, he wrote.
Last week, Kusama hinted at the progress of thelayer-2 projectShibarium.He noted in his Twitter bio thatShibaSwapis the only official decentralized exchange (DEX) for the SHIB and Shibarium ecosystem.
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ShibaSwap aims to provide a safe place for traders to trade their crypto assets in a decentralized environment.
Shibarium, on the other hand, is an Ethereum-based layer-2 blockchain similar toPolygonMATIC/USD . It is designed to allowdevelopers to create fast, inexpensive, and highly scalable applications. The project was first announced in May of 2021.
In other news,a crypto whale relocated 258,837,671,569 SHIB worth over $2.64 million to Shiba Inus smart contract, blockchain-tracking service Etherscanreported. Thecrypto whale reportedly still holds 4,925,361,871,313 Shiba Inu worth over $50.23 million.
At the time of writing, SHIB was trading at $0.00001032, down by 8% in the last week.
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