Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
Puppynet, the testnet version of Shiba Inus Layer-2 scaling solution Shibarium, is set to undergo a major upgrade to improve…
The post Shiba Inu Blockchain Set to Welcome Key Features Through Major Upgrade first appeared on The Crypto Basic.
The Shiba Inu ecosystem team has rolled out new updates concerning its Layer 2 blockchain, Shibarium, and its Web3 gaming project, Shiba Eternity. Lucie, the ecosystems marketing lead, took to X (formerly Twitter) to share the latest developments. These updates highlight Shibariums rapid growth and significant advancements in the gaming realm. According to Lucie, Shibarium […]
Lucie, the marketing lead for Shiba Inu, recently underscored the potential of Bone ShibaSwap (BONE) in investors’ portfolios. She detailed how BONE is set to become integral to the Shiba Inu ecosystem, boosting its demand and value. In a recent tweet, Lucie highlighted BONE as the official gas fee token for Shiba Inus layer-2 blockchain, […]
Shiba Inu is extending an open invitation to developers worldwide. The team behind the Shiba Inu ecosystem wants developers to build on Shibarium, their Layer-2 scaling solution. Yesterday, the official Shibarium X account issued a notice, welcoming developers to join the ecosystem using the Shiba Inu Developer Portal (ShibDev). ShibDev isnt just another portalits a […]
Shiba Inu team has revamped its documentation platform, delivering a comprehensive overhaul with the promise of significant upgrades. The update mainly focuses on Shibarium, the project’s layer-2 scalability solution, and aims to create a more inclusive and dynamic environment for users and contributors. As per the blog post, the new documentation platform features a fresh, […]
The Shibarium network, an Ethereum Layer 2 network that was developed and launched by the Shiba Inu team, did well following its initial launch in August 2023. However, less than one year following its launch, the Layer 2 network has run into some hard times, losing market share to larger counterparts. This has led to a decline in activity for the network as a whole, and so far this week, the Shibarium network has seen a major decline in active accounts. Shibarium Active Accounts Drop 80.3% In 4 Days The Shibarium network is currently struggling with adoption of the blockchain as its parent Layer 1 blockchain, Ethereum, is fighting against the likes of Solana to keep its users. Furthermore, Ethereum Layer 2 networks such as Base by Coinbase have also drawn out a reasonable number of decentralized finance (DeFi) users, putting it ahead of Shibarium. Related Reading: Golden Cross Appears On XRP Price Chart, Factors That Could Drive A Fresh Rally As a result of this, the Shibarium network has been unable to keep users, leading to a decline in active addresses. According to data from ShibariumScan, active accounts at the start of the week, on Sunday, July 21, were sitting at a mere 667. As the week has drawn on, this already small figure has crashed further down. On Wednesday, July 24, the total active accounts recorded on the Shibarium network was only 131. This means that between Sunday and Wednesday, the total active accounts on the Ethereum Layer 2 network had plummeted by 80.3%. In the same vein, there has also been a notable decline in new transactions. This metric saw a total of 6,353 transactions on Sunday. However, by Wednesday, the figures had declined to 1,023, representing an approximately 84% decline. Likewise, the number of new blocks mined dropped 66.6% from 17,220 on Tuesday to 5,739 on Wednesday. These all show that interest in the Shibarium network is completely down with number of new accounts created was only 11 on Tuesday, July 23. Playing With The Big Dogs While the popularity and success of Shiba Inu over the years played into the anticipation for the Shibarium network, it has failed to live up to the app. When it comes to Ethereum Layer 2 networks that were launched between 2023 and 2024, the Shibarium network doesnt hold up a candle to these other players. Currently, the Total Value Locked (TVL) on the Shibarium network is only $1.5 million, according to data from DeFiLlama. In contrast, Coinbases Base network was launched in the same month of August 2023 as Shibarium currently boasts $2.175 billion in TVL. Related Reading: Analyst Says Solana Price Will Surge 1,000% To $1,800, Heres When The Linea network was launched a few months before Shibarium in March 2023, and the Layer 2 network currently has a TVL of $1.198 billion. Likewise, the BLAST network, which was launched much later in February 2024, has $1.47 billion in TVL. What this suggests is that the Shibarium network may have failed, given its incredibly low usage. However, there is always the question of if the Layer 2 network will be able to rise from the ashes and become a top DeFi contender once again. Featured image created with Dall.E, chart from Tradingview.com
Shytoshi Kusama, the enigmatic leader of the Shiba Inu ecosystem, has seized upon the recent CrowdStrike global outage to advocate…
The post Shiba Inu Lead Pushes Web3 Solutions like Shibarium in Response to CrowdStrike Global Outage first appeared on The Crypto Basic.
Shiba Inu has teamed up with K9 Finance and Unification, to bring innovative DeFi solutions and robust infrastructure within the Shibarium ecosystem. The strategic alliance is touted to open up a host of exciting developments. K9 Finance, Shibarium’s Liquid Staking Derivative [LSD] platform is set to unlock the potential of BONE tokens by addressing traditional […]
In a significant move that underscores the growing importance of interoperability and liquidity solutions within the NFT space, DefiLlama, the leading DeFi analytics platform, has expanded its coverage to include Mantra, an NFT marketplace and lending protocol on the Shibarium network. This expansion marks another milestone in DefiLlama’s commitment to providing comprehensive and real-time data […]
The Shiba Inu community is experiencing a wave of mixed emotions. On the bright side, the long-awaited Shibarium, the project’s layer-2 blockchain, is gaining traction with a significant transfer of tokens and a surge in transaction volume. However, the price of SHIB itself remains stubbornly stagnant, leaving some “Shiba Millionaires” out in the cold. Related Reading: Dont Sweat The Dip! Ethereum 15% Price Slump Could Spark Epic Comeback Analyst Shibarium Blazes A Trail, But Can It Spark A Price Rally? The movement of 35 billion SHIB tokens to Shibarium signifies a crucial step for the Shiba Inu ecosystem. This dedicated network promises faster transactions, lower fees, and a more robust infrastructure for developers and users. This development could be a game-changer, attracting new projects and fostering innovation within the Shiba Inu universe. 35,000,000,000 #SHIB on @ShibariumNet ! Home sweet home where Shiba Inu belongs. Woof pic.twitter.com/OuahXQokv1 The Bus (@TheBus37643251) June 27, 2024 We’re witnessing the community put its faith in Shibarium. The hope is that a strong Shibarium ecosystem will eventually translate to increased demand for SHIB, driving the price up. However, the path to price recovery may not be straightforward. SHIB has been stuck in a rut lately, hovering around the $0.000017 mark. This stagnant price, coupled with a recent market downturn, has caused a significant drop in the number of Shiba Inu millionaires. Data shows a decrease of over 300 addresses holding over a million SHIB tokens, suggesting some investors may be losing confidence. Shiba Eternity To The Rescue? New Products On The Horizon Shiba Inu isn’t sitting idly by. The upcoming release of Shiba Eternity, a collectible card game featuring the adorable Shiba dog mascot, has injected a dose of optimism into the community. The game’s potential to attract new users and generate revenue could provide a much-needed boost for SHIB. Shiba Eternity is a great way to engage the community and potentially attract new investors, some analysts say. The success of the game could be a tipping point for SHIB. Beyond Shiba Eternity, the Shiba Inu team has a busy roadmap planned. The launch of ShibaHub, a social media platform, and Shibaswap, a decentralized exchange, are just around the corner. Additionally, the development of a layer-3 testnet paves the way for further expansion and innovation within the Shiba Inu ecosystem. Related Reading: Solana Poised For Epic Reversal? Analyst Spots Bullish Pattern Echoing 2022 Breakout A Look Ahead: Will The Future Be Ruff? The future of Shiba Inu remains uncertain. While Shibarium’s progress and upcoming projects offer reasons for optimism, the stagnant price and declining number of millionaires raise concerns. Price predictions suggesting a 60% surge by July 2nd offer a glimmer of hope, but the accuracy of such forecasts is debatable. Featured image from Trusted House Sitters, chart from TradingView
In significant news for the Shiba Inu community, a staggering 35 billion SHIB tokens have been moved to Shibarium, the meme project’s native Layer 2 network. This move highlights the growing adoption and confidence in the Shibarium ecosystem, marking a milestone in the project’s journey. The significant transfer of SHIB tokens underscores the community’s commitment […]
Shiba Inu ($SHIB) finds itself at a critical juncture as transaction volumes spike significantly. On June 24, 2024, the volume of $SHIB transacted reached 7.56 trillion, marking a staggering 370% increase from the previous day’s 1.57 trillion $SHIB. This surge in activity highlights growing interest and movement within the $SHIB […]
The current Shiba Inu price action might be leaving some investors wanting, particularly as the crypto has now extended its 30-day losses by over 30%. However, recent on-chain data and technical analysis indicate that the patience is about to pay off. To be more specific, the current price downturn has seen Shiba Inu entering the accumulation zone, which could signal the start of the next bull run. At the same time, a concurrent 493% increase in transaction fees within the Shibarium network suggests it could be the ideal time for investors to load up. Shiba Inu Price Hits 100-Day Low As Bears Take Control The past few weeks have been a bloodbath for Shiba Inu (SHIB) holders. After rebounding at the $0.000022 support and spiking briefly to reach $0.00002756 in the last week of May, the popular meme coin has plunged over 30%, briefly crashing below $0.000017 this week. This brutal selloff has dragged SHIB to a 100-day low, wiping out billions from its market cap. Related Reading: Bitcoin Crash: Crypto Analyst Reveals Why Price Could Drop To $52,000 Experts have blamed this fall on investors pulling out of meme coins. Shiba Inu wasn’t left out, as the meme coin also witnessed major transfers to crypto exchanges. From the price side of things, SHIB’s decline means traders now have the opportunity to buy at its current low prices, which may herald the reversal of the bearish trend. You would think with SHIB’s price taking a beating lately, activity on the network would be slowing down. Surprisingly, that’s not the case at all. Recent data from Shibariumscan indicates that transaction fees on the Shibarium layer-2 network have skyrocketed by 493% last week. The massive surge in transaction fees came from increased transaction activity on the network. Notably, the number of new transactions moved from 5,865 at the beginning of the week to 16,337 at the end of the week, a 178% increase. Although transaction fees on Shibarium are paid in BONE tokens, a portion of the tokens are converted into SHIB and then burned. This, in turn, reduces the amount of SHIB tokens in circulation. Whats Next For SHIB? At the time of writing, SHIB is trading at $0.00001702 and seems to be consolidating. Experts are now divided into different schools of thought about the future of meme coins, including SHIB. According to Ki Young Ju, CEO of CryptoQuant, the current downtrend suggests meme coin dominance in the altcoin market could finally be over. Related Reading: Polygon (MATIC) Turns Bullish After Losing Streak Is A 1,000% Rally Possible From Here? On the other hand, analyst Javon Marks believes Shiba Inu still has room to break to the upside, and the recent pullback could also be a contributing factor. Marks asserts that Shiba Inu is still up by 100% since its last bullish wave and it has the potential to go up by another 294%. Price targets are at $0.000081 and $0.0001553. Featured image created with Dall.E, chart from Tradingview.com
The world of cryptocurrency is fickle. In the past week, Shiba Inu (SHIB) and Bone ShibaSwap (BONE) have been on a downward slide. Both coins, part of the Shibarium Layer-2 network, are trading in a downward parallel channel on the weekly timeframe. Shiba Inu fell by 14.4% over the past seven days, slipping below the […]
Key Shibarium metrics suggest the Shiba Inu ecosystem might be gearing up for a push to the upside. Notably, Shibarium’s transaction data has seen triple-digit percentage jumps in transactions and fees paid in BONE over the past week. This suggests Shiba Inu might be receiving increased attention from traders, a scenario that may result in SHIB rebounding at a crucial support level during the course of the week. Shibarium Sees Massive Surge In Activity Over the Weekend According to the latest data, transactions on the Shibarium network exploded over the weekend, soaring a whopping 441% on Saturday. Over 13,190 transactions were recorded on Shibarium on Saturday, up from just under 3,500 earlier in the week. The massive surge in activity led to higher fees on the network as it strained under the increased load. Related Reading: Spot Ethereum ETFs Expected To Begin Trading On July 2, Can This Propel ETH To $10,000? Consequently, the average fees paid in BONE on Shibarium transactions jumped 176%. Furthermore, data from Shibariumscan indicates that 154 new accounts were created on Sunday, a 1,600% increase from 9 new accounts created on Monday, June 10. Interestingly, these numbers are small compared to metrics recorded on Shibarium earlier in the year. However, their increases have come during a particularly bearish period for the Shiba Inu community. This is a positive sign for SHIB price, as the increase in transactions increases the amount of gas fees, which in turn increases the number of SHIB tokens to be burned. Current State Of Shiba Inu At the time of writing, SHIB is trading at $0.00002013 and is currently down by 2.21% in the past 24 hours. Notably, SHIB has declined for the past seven days amidst a wider market price drop led by Bitcoin. Consequently, SHIB has lost 13.11% of its market cap in the past seven days as traders continue to exit their long positions. SHIB now finds itself trading around the psychological $0.000020 price zone and could even break down further despite Shibarium’s transaction surge over the weekend. According to data from IntoTheBlock, only about 3.97 trillion SHIB tokens purchased by 5,270 addresses serve as resistance at this price level. If SHIB fails to defend this support and breaks below, the next key level is at $0.000190, where 4,310 addresses are currently holding 6.21 trillion SHIB tokens. Related Reading: Ethereum: 200,000 ETH Options Expiry Spurs Demand How Far Can Price Go? Lucie, Shiba Inu’s marketing lead, recently hinted at an airdrop for everyone who bridged to Shibarium in the first year, sparking interest from Shib enthusiasts. Nevertheless, Lucie provided clarification and noted that this is merely an imaginary scenario and does not guarantee anything. THIS IS A HYPOTHETICAL QUESTION PROMISING NOTHING. JUST WONDERING, Lucie said on social media platform X. Featured image from Coinfomania, chart from Tradingview.com
The highly anticipated Play-to-Earn (P2E) collectible card game from the Shiba Inu ecosystem, Shiba Eternity, is inching closer to launch. Lucie, the marketing lead for Shiba.io, has taken to X (formerly Twitter) to tease new details about the upcoming game. Lucie stated that Shiba Eternity would launch on Shibarium- the Shiba Inu blockchain. $TREAT tokens, […]
In the ever-evolving landscape of cryptocurrency, the Shiba Inu community stands out as a vibrant and dedicated collective, fueled by the mantra “We are all Ryoshi.” This ethos, coined by the enigmatic creator of Shiba Inu, underscores the collective responsibility of every member in the community towards the project’s success. Recently, DaVinci, the pseudonymous administrator […]
Shiba Inu community figure DaVinci emphasizes the importance of Shibarium activity on the upcoming auto SHIB burn portal. Many Shiba…
The post Shiba Inu Team Says Auto SHIB Burn Still Requires Shibarium Activity first appeared on The Crypto Basic.
Shiba Inu ecosystem team member and marketing lead Lucie has emphasized the importance of community effort in bolstering SHIB burns.…
The post Shiba Inu Team Says SHIB Lead Has No keys to Burn SHIB, as Any Token Burnt Needed To be Purchased first appeared on The Crypto Basic.
Following its launch by the Shiba Inu team back in August 2023, the Shibarium network has been subject to the highs and lows of the market. Despite coming from a team with a large community, the Ethereum Layer 2 network has struggled to stay relevant in the fierce competition among Ethereum Layer 2 networks. After the initial run fueled by the anticipation of the launch, the Shibarium network is dealing with low participation as new account numbers flatline. New Accounts On Shibarium Fall Below 100 The new account metric tracks the total number of brand new accounts that are created on the Shibarium network daily. This is different from the total daily users as it only tracks new accounts and not existing accounts. It also helps to show the adoption rate as more new accounts signing up shows adoption is rising and the number falling means the opposite. Related Reading: Did Cardano Founder Steal $619 Million? Hopkinson Makes Shocking Revelation Presently, the Shibarium network is falling behind as the total number of new accounts signing up have fallen below the 100 mark. This comes after a major spike at the beginning of May 2025 when a total of 5,111 new accounts were created on May 6th alone. Since then, the number has crashed by over 99%, dropping first to just above 200 new daily accounts, before bottoming out below 100. Data from ShibariumScan shows that in the last four days, fewer than 100 new accounts have been recorded daily. This also coincides with a sharp decline in the active accounts on the network, going from over 21,000 daily at the start of May to less than 15,000% by the middle of the month. New transaction figures have also fallen with 1.87 million recorded on Tuesday compared to the 3 million average at the start of the month. Related Reading: Bitcoin Weekly Closes Above Range High Despite Crash From $107,000, Why The Bulls Are Still In Charge Shiba Inu Follows Bearish Trend The trend of low adoption recorded on the Shibarium blockchain has also been felt in other areas such as the total addresses holding the Shiba Inu token. According to IntoTheBlock, the total addresses holding Shiba Inu have seen a decline over the last couple of days. This metric went from above 1.4 million to 1.39 million addresses. A small decline, but nonetheless pointing to an exit from the cryptocurrency by investors. At the same time, the Shiba Inu price has also struggled to stay afloat at this time. Caught in a power struggle between the bears and the bulls, Shiba Inu has seen its price constrained to a tight range of $0.000014 and $0.000017. If the sell-offs continue, then the meme coin could break below the support currently being established at $0.000014. Featured image from Dall.E, chart from TradingView.com
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
