Shiba Inu’s Shibarium resumes operations after a temporary glitch

Shiba Inu’s (SHIB) layer2 scaling solution Shibarium made headlines over the weekend as it suffered a temporary glitch.

Meanwhile, developer Kaal confirmed that the blockchain solution has resumed operations, attributing the outage to networking issues among validators.

There was a temporary shibarium outage caused because of networking issues amongst the validators. Network is back up and running now, some services like shibariumscan or external RPCs can still remain down until the steps provided are implemented. If you’re an external team…

— Kaal (@kaaldhairya) April 22, 2024

The temporary disruption impacted operations in the SHIB ecosystem, especially the L2 blockchain Shibarium.

Shibarium up & running

Kaal confirmed that the network is operational again. Despite the swift resolution, some facets, including remote procedure calls (RPCs) and the platform for monitoring Shibarium health, Shibariumscan, remain down until the team implements further solutions.

Kaal urged Shibarium’s external team to ensure smooth communication while addressing network issues.

Shibarium’s adoption & growth

The layer2 scaling blockchain has seen impressive growth despite the latest tech glitch, hitting crucial milestones.

For instance, Shibarium has processed more than 400M transactions since its August 2023 launch. Moreover, approaching 1.7M wallet creations signals a strengthening user base and amplified adoption.

Shibarium, the Layer-2 blockchain engineered by the innovative minds behind Shiba Inu (SHIB), has defied expectations by achieving a remarkable milestone in transaction throughput. Surpassing an astounding 411 million transactions, Shibariumscan hashttps://t.co/DbhEG4DkWO pic.twitter.com/r4WPKUW0P6

— Coingeckonews (@CryptoUSDs) March 17, 2024

Shibarium’s growth less than ten months after its launch underscores its resilience despite occasional technical challenges.

SHIB’s current price outlook

The memecoin maintained an upside stance amid broad market recoveries. Shiba Inu traded at $0.00002727 at press time, gaining 2.50% within the past day.

SHIB seems ready for more uptrends despite challenges such as Shibarium’s glitches. The 4-hour chart shows a solid support floor at the 100d EMA.

The token has climbed beyond all exponential moving averages on the 4-hour chart. Also, SHIB prices hover above the 0.236 FIB retracement.

SHIB remains positioned for a potential surge. Nonetheless, volume activity suggests reduced actions by traders, weakening possible aggressive upticks seen during decisive bull runs.

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