A look at the Shiba Inu ecosystem post Shibarium relaunch
Shibarium is growing steadily
Since the launch, there have been multiple misconceptions related to Layer 2, and the most prominent one was that it was down. However, the reality was that it was the block explorer that was down and not the network itself. As reported earlier, this was because Shibarium uses an open-source version of Blockscout and doesn’t use massive servers for it.
Shiba Inu continues to disappoint investors
Though most expected SHIB’s price to surge after the Shibarium launch, the opposite turned out to be true. The memecoin has been witnessing multiple price corrections over the past few weeks. According to CoinMarketCap, SHIB was down by more than 3% in the last seven days. At press time, it was trading at $0.000008125 with a market capitalization of over $4.7 billion.
LEASH is stealing the spotlight
While all eyes were on SHIB and Bone ShibaSwap [BONE], the ecosystem’s third token, Doge Killer [LEASH], was silently stalking the cake. The memecoin’s price registered a promising uptick of more than 7% over the last week.
