{"id":5561,"date":"2023-08-26T06:16:08","date_gmt":"2023-08-26T06:16:08","guid":{"rendered":"https:\/\/newsbuzz24x7.com\/crypto-exchange-bitstamp-mentions-shiba-inu-trend\/"},"modified":"2023-08-26T06:16:08","modified_gmt":"2023-08-26T06:16:08","slug":"crypto-exchange-bitstamp-mentions-shiba-inu-trend","status":"publish","type":"post","link":"https:\/\/newsbuzz24x7.com\/crypto-exchange-bitstamp-mentions-shiba-inu-trend\/","title":{"rendered":"Crypto Exchange Bitstamp Mentions Shiba Inu Trend"},"content":{"rendered":"

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Popular exchange Bitstamp highlights the upcoming Shibarium public relaunch among the top three weekly trends in the crypto industry.\u00a0<\/span><\/strong><\/p>\n

Leading crypto exchange Bitstamp has highlighted an important Shiba Inu-related matter among its top three weekly crypto trends.\u00a0<\/span><\/p>\n

In a tweet yesterday, Bitstamp noted the ongoing plans by the Shiba Inu\u2019s team to relaunch Shibarium for public use after the blockchain project encountered a technical issue.\u00a0<\/span><\/p>\n

It is interesting to note that Bitstamp highlighted Shibarium\u2019s upcoming relaunch as the week\u2019s number-one trending crypto topic.\u00a0<\/span><\/p>\n

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Here are the top 3 #CryptoTrends from this week:<\/p>\n

\ud83e\udd8a Shibtoken plans to restart Shibarium’s public launch after initial failed start
\ud83d\udcc9 Ordinals still make up majority of BTC transactions despite lower prices
\ud83d\udcf1 Phantom Wallet introduces a feature allowing apps to authenticate\u2026 pic.twitter.com\/8ZMG5q31cr<\/p>\n

\u2014 Bitstamp (@Bitstamp) August 25, 2023<\/p>\n<\/blockquote>\n

– Advertisement –<\/span><\/p>\n

Aside from Shibarium\u2019s public relaunch, Bitstamp also listed two important updates in the industry. They include updates regarding ordinals making most of Bitcoin transactions despite low fees and the newly introduced feature for Phantom Wallet.\u00a0<\/span><\/p>\n

Bitstamp also attached a short video clip to the tweet to explain each trend. For the trend regarding Shibarium public relaunch, Bitstamp wrote:\u00a0<\/span><\/p>\n

\u201cShiba Inu announces plans for a public relaunch of Shibarium only days after a failed initial launch. [The team] aims to rectify the technical issues and provide access to its ecosystem.\u201d<\/span><\/em>\u00a0<\/span><\/p>\n

Upcoming Shibarium Public Relaunch<\/span><\/h2>\n

It bears mentioning that Shibarium\u2019s public relaunch has been a major topic of discussion within the crypto community. As reported, Shiba Inu launched the highly-anticipated L2 blockchain on the mainnet on August 16.\u00a0<\/span><\/p>\n

However, shortly after the network went live, it went into a fail-safe mode due to an unexpected influx of users. According to data shared by the team, over 160 million compute units were recorded in less than an hour.\u00a0<\/span><\/p>\n

In addition, the team\u00a0<\/span>discovered<\/span> thousands of normal and contract transactions in one block alone. Consequently, the team embarked on full scaling of the network to remedy the situation. So far, the team has recorded positive results and has also <\/span>embedded<\/span>\u00a0new features to prevent a recurrence.\u00a0<\/span><\/p>\n

Notably, Shibarium has relaunched in private mode as the team continues to monitor the network\u2019s performance. Meanwhile, plans are on the way for Shibarium\u2019s public relaunch.\u00a0<\/span><\/p>\n

Shibarium Interacting Wallets Surged By Over 5K in 24 Hours\u00a0<\/span><\/h2>\n

Despite being in private mode, Shibarium has been recording impressive stats. At press time, a total of 54,101 wallet addresses have interacted with the network, according to data on Shibariumscan.\u00a0<\/span><\/p>\n

\"Shibariumscan<\/picture>