- Shibarium now also supports Rainbow, Wallet Connect, and Trust Wallet, offering users a broader choice of connectivity options.
- The update reduces the need for external libraries and optimizes error handling for APIs and smart contracts.
The Shiba Inu development team has released an updated user interface for Shibarium, their layer-2 blockchain platform, now incorporating support for well-known cryptocurrency wallets including MetaMask and Coinbase Wallet. This upgrade was publicized through their official X social media account and on the SHIB website.
#SHIBARMY we're thrilled to launch the new Shibarium UI update—now faster, smoother, and more accessible than ever! 🎊 We expanded wallet compatibility with MetaMask, Coinbase Wallet, Rainbow, Trust Wallet and Wallet Connect to let you Shibas connect the way you want. We reworked…
— Shibarium Network (@ShibariumNet) April 18, 2024
The redesign of Shibarium focuses on enhancing processing speed and development efficiency. The new user interface aims to offer faster interactions and better accessibility, improving usability for its users.
Expanded Wallet Compatibility
The recent update to Shibarium broadens its compatibility with additional wallets. Alongside MetaMask and Coinbase Wallet, the platform has added support for Rainbow, Wallet Connect, and Trust Wallet. This extension allows users more flexibility in choosing their preferred wallets to connect with Shibarium, facilitating easier access and interaction.
The upgrade leverages technologies such as NextJS and React, which the development team credits with significantly enhancing the platform’s performance and focusing on a user-centric design. These improvements are intended to make the platform more efficient and responsive.
Developer-Focused Enhancements
For developers, Shibarium has made several backend improvements. The update has reduced the necessity for certain external libraries, simplifying the development process. Enhancements in error handling for APIs and smart contracts are also part of the update, alongside a shift from JavaScript to CSS for animations, which is aimed at reducing RAM usage and improving overall performance.
Community Engagement
The Shiba Inu community has responded positively to the updated platform. Users have noted improvements, particularly in how easily they can now connect their wallets to Shibarium, enhancing the overall user experience.
A user named Edward Salomons pointed out the importance of this update in broadening the platform’s appeal, especially to new users. He expressed his eagerness to explore the updated platform.
In addition, there is a noted curiosity within the community about how these technical updates will impact the SHIB token’s price and the process of token burns, reflecting a keen interest in the economic impact of the new features on the platform.
New data on shiba inu network
In a notable shift within the Shiba Inu network transaction volumes have surged dramatically, with 4.34 trillion SHIB tokens exchanged by large holders in just 24 hours. This volume is a sharp rise from the 565.55 billion SHIB recorded two days earlier.
Data from IntoTheBlock indicates a 215% increase in activities from these major investors, often referred to as whales.
The metric known as “Large Holders Inflow” measures the quantity of funds moving to wallets held by these significant players. There’s also been a noticeable increase in the number of large transactions, those over $100,000, which have risen by 58.48%.
The influx suggests that these whales may be preparing for potential shifts in market dynamics or positioning themselves for strategic investments.
Although the precise motives for this uptick in activity by large holders remain unclear, it underscores a proactive engagement by key stakeholders in the Shiba Inu market.
Currently, Shiba Inu (SHIB-USD) is priced at $0.000023 per token. Based on technical analysis and considering its recent price movements and volatility, I predict that Shiba Inu could potentially reach $0.000025 in the near future.
