• Shibarium, a Layer 2 solution for the Shiba Inu ecosystem, is expected to increase the throughput of transactions on the network.
• Avorak AI algorithms picked a trend allowing smart traders to gain 10X returns in 2023.
• Shiba Inu is establishing itself as a more versatile blockchain project than other meme-based projects.
What Is Shibarium?
Shibarium is an upcoming Layer 2 scaling solution designed to enhance the speed and scalability of the Shiba Inu ecosystem and make it more efficient in handling transactions. Still under beta testing, Shibarium operates on the Ethereum blockchain and aims to increase the throughput of transactions on the Shiba Inu network by using off-chain transactions that can be processed more quickly and at lower costs than on-chain transactions.
Benefits Of Shibarium
Through its use, SHIB users can expect faster transaction processing times, lower gas fees, and an overall improved user experience. In addition, Shibarium’s entry has opened the door for Shiba Inu to broaden its offerings, such as creating more dApps. Some investors anticipate that Shibarium has the potential to become a crucial component in the wide adoption of the Shiba Inu project and in turn support its growth within DeFi markets.
Timeline Of The Release
Initially, Shibarium was intended for release in February 2023; however developers delayed launch until thorough tests were conducted across multiple phases with minimal errors and maximum quality assurance were achieved. Currently over 5 million transactions have been processed through beta testing with increasing wallet addresses actively participating while attaining minimal gas fees making cost-free transactions possible.
Avorak AI Algorithms
Avorak AI is a blockchain and AI-powered solution which simplifies human led tasks such as providing crypto traders with Avorak Trade – a trading bot that monitors markets around the clock analyzing large data volumes to identify significant trends which could lead to 10X returns in 2023 according to their analysis of recent news from Shibariam’s latest updates.
Conclusion
Shibarium promises faster transaction speeds, lower gas fees and cost free transactions for SHIB users which could widen adoption rates of this project within DeFi markets thanks to Avorak AI algorithms indicating high potential returns for smart traders when it fully launches later this year.