Ethereum
Shibarium achieves major feat and reduces Ethereum bridge time
In a significant move towards improving user experience and operational efficiency, Shibarium has significantly reduced the bridge time between Shiba Inu’s Layer 2 blockchain and Ethereum. Previously, the deck time was seven days, which somehow hampered the smooth running of operations. However, Shibarium achieved a major feat by reducing the time to less than an hour.
Shibarium reduces Ethereum bridge time
Shiba Inu’s Shibarium has reduced Ethereum bridge time to an impressive 45 minutes. This development marks a crucial improvement for the SHIArmy. Additionally, this is part of the broader goal of fostering a more efficient and user-friendly ecosystem.
In an article on X, Shiba Inu’s Shibarium revealed the news of the recent upgrade. He said the initial seven-day time limit was strategically implemented to stabilize token prices by favoring longer stays on Layer 2, thereby maintaining balance within the network. However, recognizing the demand for faster transactions and greater agility, Shibarium has overhauled this system to meet a more dynamic market environment.
Additionally, the upgraded mechanism leverages a checkpoint system specifically for BONE token releases, facilitating much faster withdrawals after the upgrade. The implications of this improvement are therefore profound for Shibarium users. Reduced bridge time allows holders to manage their assets with unprecedented speed
This allows them to react to market fluctuations in real time and capitalize on emerging opportunities without having to wait a week. Furthermore, this acceleration is not just a technical upgrade but a significant improvement in the user experience in the Shiba Inu ecosystem. It is particularly aimed at people involved in financial strategies and time-sensitive application developments.
Additionally, the upgrade highlights Shibarium’s commitment to continued progress and efficiency. By enabling faster management and deployment of assets, the network strengthens its attractiveness for developers and users. Therefore, this potentially promotes greater participation and innovation within the ecosystem.
It also means more effective governance engagement, as stakeholders can now participate in collective decision-making processes within reduced time frames. Essentially, Shiba Inu’s Shibarium Network has delivered a revolutionary update that redefines transaction efficiency.
Read also: Shiba Inu Marketing Head Rejoices as SHIB Price Rises 16%, Topples Cardano
K9 Finance increases by almost 60%
The K9 Finance crypto in the SHIB ecosystem is up more than 58%, according to a snapshot published by Shiba Inu marketing manager Lucie. The director of Shiba Inu highlighted the news in an article on X and praised KNINE’s performance. Additionally, the crypto hit a high of $0.0000426 amid today’s surge.
At press time, the KNINE crypto price surged 38.33% to $0.00003533 on Thursday, May 30. While the K9 Finance meme coin reached a market capitalization of $4.56 million. Additionally, the 24-hour trading volume for KNINE soared 56.13% to $1.29 million.
Additionally, the Shibarium ecosystem is preparing for a massive airdrop. THE Airdrop of KNINE is imminent since Lucie and Buzz, the founder of K9 Finance have confirmed the update. This will be a retroactive drop, rewarding users for their engagement and successfully meeting particular criteria.
Read also: Shiba Inu Takes Over Cardano With Today’s Rise: What’s Next?