Shib Army News: Shibarium – The Cure For High Gas Fees The World Has Been Waiting For

If you’re involved in the world of crypto and/or NFTs, you’re probably all too familiar with the insanely high gas fees lately. Even small transactions can cost upwards of $50 in gas fees, making it difficult for many to justify using the network. But there is a solution on the horizon: Shibarium.

ADVERTISEMENT

Shibarium, currently in Beta, is an upcoming L2 that aims to increase transaction speeds, lower fees, and provide increased token utility and seamless DApp development. Although Ethereum recently upgraded to a proof-of-stake (PoS) blockchain through the Merge, scalability remains an issue, and that’s where Shibarium comes in. As a PoS project that will be hooked up to the Ethereum blockchain, Shibarium is expected to help Shiba Inu scale while keeping it connected to Ethereum.

So how will Shibarium solve the high gas fee problem? By adding a layer-2 solution to the Shiba Inu ecosystem, Shibarium will increase throughput, enabling the L2 to handle significant growth. This is expected to boost transaction speed considerably, and users will likely see gas fees drop by as much as 90%. This will make it possible for even small transactions to take place on the network without incurring these insane fees.

But Shibarium’s benefits don’t stop there. It will also offer a complete ecosystem, comprising several projects including the SHIB metaverse, ShibaSwap DEX, and blockchain games. The metaverse and games are expected to attract users, while the DEX will provide better liquidity. Shibarium will be utilizing BONE as the native gas token. When Shibarium MainNet takes off, validators on the network will get paid in BONE for securing and validating transactions. Additionally, in the new ecosystem, every transaction will burn SHIB, a mechanism to control the large supply of SHIB.

ADVERTISEMENT

To summarize, Shibarium is expected to bring about significant improvements to the Crypto world and reduce gas fees by as much as 90%. By providing better transaction speeds, increased token utility, and seamless DApp development, Shibarium is poised to unlock the potential of the Shib Ecosystem and transform it into a value-added project with long-term prospects. Shibarium is the key to fixing all the issues that these ETH gas fees are causing. The future belongs to the Shib Army.