Shibarium’s Slow Burn: What Low Activity on Shiba Inu’s L2 Means for BONE and SHIB

Following years of anticipation, Shiba Inu’s Layer-2 (L2) solution Shibarium launched on August 16, 2023. Despite being designed to bring speed, scalability, and reduced costs to SHIB holders, network data shows that Shibarium’s daily activity has significantly lagged behind competing L2 networks like Base, Arbitrum, and Optimism. This piece looks at how Shibarium has performed this year and what its slow growth means for the wider Shiba Inu ecosystem, especially for BONE, the token that powers Shibarium, and SHIB itself. Shibarium’s User Engagement Falters After Meme Market Rally According to Shibariumscan, Shiba Inu’s L2 network had an unimpressive start to the year source: https://beincrypto.com/shibarium-slow-growth-bone-shib-impact/