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Shiba Inu Launches Major Developer Upgrade to Accelerate Shibarium Growth


by Enoch Mwathwa

Shiba Inu has released a new developer hub update to support the expansion of its Shibarium network. This move is part of the project’s broader effort to boost network participation, improve interoperability, and scale its ecosystem with new tools and documentation. The upgrade also coincides with increased network activity and Shiba Inu token burns.

Shiba Inu Developer Hub Update Supports Shibarium Expansion

The development team of Shiba Inu promoted the Shibarium upgrade to the official developer channel. The new documentation gives formal instructions to developers who use the Ethereum Layer-2 solution. It also contains instructions on validator node operation and the other networks via bridging of assets. The update also fosters decentralization since it aims to include more participants.

ShibaSwap V1 and V2 integration paths are already made available to developers. The new capability allows quicker deployment of decentralized applications (dApps). Developer tools like SDKs, a Hardhat plugin, and Alpha Layer support are also included as part of the upgrade. The documentation gives its description of the Elder-Wrap and ElderJS tools, which could be used to develop smart contracts with Shibarium.

Shibarium Sees Surge in Transactions and Token Burns

According to data from Shibariumscan, Shibarium’s total transactions have surpassed 1.4 billion. This increase reflects growing activity on the Layer-2 chain over the past month. Daily transactions remain above 3 million, indicating steady usage from developers and users.

an image describing Shiba Inu transactions in the last 30 days
Source: Shibariumscan

As on-chain activity grows, the SHIB burn rate has surged. Over the past seven days, the burn rate increased by 360%, with 135 million SHIB tokens burned. In the last 24 hours alone, the burn rate rose by 2,742%, with 6.3 million tokens removed from circulation. The increase in token burns is partly linked to the new utilities and demand created by the Shibarium upgrades.

New Features Aim to Strengthen Developer Experience

The update incorporates other tools in order to facilitate development and enhance the experience of users. Shib Paymaster is one of the new features, and it enables applications to sponsor the gas fees of their users. This promotes greater usage via regulative entry barriers. The revised Bury 2.0 staking model is also more flexible in terms of rewards that ecosystem members will be provided with.

Chain ID, token parameters, and RPC Additions: all the necessary network parameters are now conveniently available. Shibarium is completely compatible with Ethereum, and developers can deploy dApps without having to learn any new protocols at all. The arrangement reduces entry restrictions in the Shiba Inu ecosystem for developers.

Market Performance Remains Cautious Despite Upgrade

Nevertheless, in the past 24 hours, the SHIB price decreased by almost 2%. Within the framework of CoinMarketCap, the token is now estimated to be priced at approximately 0.00001360 and is losing more than 9 percent in the week. The correction to the market can be explained by the expenses to the market rather than the utility of upgrading.

Source: CoinMarketCap

Still, Shiba Inu keeps highlighting Shibarium as a low-cost Layer-2 chain with payment systems, NFTs, and developer features. The new infrastructure and more active developers will help Shiba Inu to entrench its position within the development niche associated with blockchain.

#blockchain #crypto, #decentralized, #distributed, #ledger





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