All bugs in Shibarium, a new Ethereum Layer 2 network, have been successfully fixed thanks to the efforts of Shiba Inu developers and Polygon Labs support. The L2 solution was relaunched, and over 35,000 wallets joined it within a day. SHIB quotes also went up.
Shytoshi Kusama, Lead Developer and Co-Founder of Shiba Inu, said that the Shibarium network was relaunched and back up and running. He added that all the bugs in the network were successfully fixed with the help of the Polygon project team.
Kusama revealed that he contacted Sandeep Nailwal, Co-Founder of Polygon Labs, to speed up the network troubleshooting process and expressed his gratitude for the prompt assistance of Shiba Inu’s developers.
As a result, 65,000 wallets and 350,000 transactions were registered on the Shibarium platform when the network restarted on August 28, according to Kusama. However, as of 12:00 a.m. (GMT+3), August 29, 101,500 wallets were already connected to the network and the number of transactions had increased by 20% to 446,000, Shibariumscan.io reported.
The relaunch of Shibarium has also had a positive impact on SHIB quotes, which, according to CoinGecko data, have grown by 2.5% over the past day. The token’s price at the time of writing is $0.0000081. BONE and LEASH tokens also partially recovered their positions, rising after a rapid fall to $1.28 and $444.48, respectively.
The mainnet Shibarium was launched on August 16, but it was halted a day later due to technical difficulties. As Beosin analysts noted, 1,003 ETH worth $1.8 million and BONE worth about $762,000 were stuck in the network’s interconnect protocol. It took more than a week to restore the transaction confirmation system in the cross-chain bridge, but all funds remained safe and users can withdraw them if they want.