The Shiba Inu development team has recently launched an updated version of Shibarium – their layer-2 blockchain platform, which now offers support for well-known cryptocurrency wallets, including Coinbase Wallet and MetaMask. By leveraging NextJS and React technologies, the update focuses on enhancing processing speed and development efficiency, offering faster interactions and better accessibility, thereby improving usability for its users.
#SHIBARMY we're thrilled to launch the new Shibarium UI update—now faster, smoother, and more accessible than ever! 🎊 We expanded wallet compatibility with MetaMask, Coinbase Wallet, Rainbow, Trust Wallet and Wallet Connect to let you Shibas connect the way you want. We reworked…
— Shibarium Network (@ShibariumNet) April 18, 2024
The latest update to Shibarium has broadened its compatibility with additional wallets, including Wallet Connect, Rainbow, and Trust Wallet, allowing users more flexibility to choose their preferred wallets. It facilitates easier access and interaction for users and aims to make the platform more efficient and responsive.
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Overview of Expanded Wallet Compatibility
The update has made several backend improvements for developers, including reducing the necessity for certain external libraries, simplifying the development process. Enhancements in error handling for APIs and smart contracts are also a part of the update, alongside a shift from JavaScript to CSS for animations, aimed at reducing RAM usage and improving overall performance.
Developer-Focused Enhancements
The Shiba Inu community has responded positively to the updated platform, noting improvements, particularly in how easily they can now connect their wallets to Shibarium, enhancing the overall user experience. There is also a noted curiosity within the community about how these technical updates will impact the SHIB token’s price and the process of token burns, reflecting a keen interest in the economic impact of the new features on the platform.
Newest data on shiba inu network
In terms of market activity, there has been a sharp rise in transaction volumes within the Shiba Inu network, with 4.34 trillion SHIB tokens exchanged by large holders within just 24 hours. This volume is a significant increase from the 565.55 billion SHIB recorded two days earlier. Data from Into The Block indicates a 215% increase in activities from these major investors, often referred to as whales.
The Large Holders Inflow metric, which measures the quantity of funds moving to wallets held by these significant players, has also seen a noticeable increase. There has also been a 58.48% rise in the number of large transactions, those over $100,000. While the precise motives for this uptick in activity by large holders remain unclear, it underscores a proactive engagement by key stakeholders in the Shiba Inu market.
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Currently, the Shiba Inu token (SHIB-USD) is priced at $0.000023 per token. Based on technical analysis and considering its recent price movements and volatility, it is predicted that Shiba Inu could potentially reach $0.000025 in the near future.