Shibarium and Shiba Eternity Enhance the Shiba Inu Ecosystem as SHIB Coin Rises Amid Crypto Market Recovery

The Shiba Inu ecosystem expands beyond blockchain technology, with the Web3 game Shiba Eternity rolling out several updates.

Shibarium, the layer-2 solution for Shiba Inu coin, displayed strong developer activity despite a decrease in daily transactions. Shibarium’s marketing strategist, LUCIE, highlighted the network’s approach to a three-month high in deployed contracts. This increase in contracts signaled ongoing development within the Shiba Inu ecosystem.

Shibarium’s daily transactions dropped sharply, with the network now processing fewer than 2,000 transactions daily. This marked a 93% decrease from the end of August. The number of new and active accounts also saw a noticeable decline, indicating a challenging period for the layer-2 network.

Shibarium was launched to improve scalability, lower transaction costs, and boost transaction speeds within the Shiba Inu ecosystem. These remained critical goals for the network as it continued to evolve.

Shiba Eternity, the Web3 game in the Shiba Inu ecosystem, expanded its offerings with several updates. LUCIE announced the introduction of new leaderboards and a revamped rewards system to enhance the user experience.

Shiba Eternity also addressed several technical issues, including fixes for freezing, loading screen delays, gameplay timing, and card effects. The development team focused on enhancing overall performance, making the game smoother for players.

Shiba Eternity featured users collecting, trading, and battling using cards based on Shiba Inu-themed characters and items. These improvements highlighted the ongoing development efforts within the Shiba Inu ecosystem, with the game continuing to attract more attention from users and investors.

Shiba Inu (SHIB) price rose 0.34% to $0.00001359, tracking a broader recovery in the crypto market. Bitcoin (BTC) briefly exceeded $58,000, while Ethereum (ETH) surpassed $2,350.

Shiba Inu's 24-hour trading volume was $139.26 million, reflecting a 10.88% decrease. The meme coin's market cap stood at $8.01 billion.

In the meme coin market, Dogecoin (DOGE), Floki Inu (FLOKI), and Bonk Inu (BONK) also experienced gains. Cat-themed tokens, such as Popcat (POPCAT) and Kittecoin (KOIN), saw significant price increases, with some recording double-digit growth.

For Shiba Inu, continued developments in Shibarium and Shiba Eternity could influence its future price performance.