After nearly a day of suspension, Shiba Inu's layer 2 blockchain network, Shibarium, has resumed block production. The blockchain had halted operations due to an influx of high traffic following its mainnet launch. The Shibariumscan.io block explorer confirmed the re activation and block generation of the Shibarium network. Lead developer Shytoshi Kusama acknowledged the challenges posed by the surge in traffic but assured that fund security remained intact. He emphasized that bridges and chains were functioning smoothly and that Shibarium was fully prepared for a prompt re start.
In response to the situation, Shiba Inu developer Kaal Dhairya outlined plans to enhance operations to accommodate the network's increased traffic volume. Dhairya detailed that tens of thousands of contract creations and transactions within a single block had contributed to the issue .The Shiba Inu Project took a proactive step by acquiring $2 million worth of insurance to address potential recovery challenges after the Shibarium restart. The network resumed block production under the close supervision of its development team.
While some concerns were raised within the ShibArmy community about the potential spread of Fear, Uncertainty, and Doubt (FUD), most community members expressed support for the network's efforts to manage the trading suspension. significant holders and traders offloaded their Shiba Inu, BONE, and LEASH tokens, leading to substantial divestments. Despite this, the prices rebounded after Shibarium's reactivation. SHIB, SHIB's native token, experienced an 11% loss in value in the past day, currently trading at $0.000 0082. BONE saw a 15% price drop to $1.18, while LEASH is trading at $430, down 5% over the same period.
