The beta version of the much-anticipated Shibarium for Shiba Inu has been officially launched

The developer of the pseudonymous Shiba Inu cryptocurrency, Shytoshi Kusama, has announced the beta version of Shibarium, a highly anticipated layer-2 scaling solution. Early beta testers can now use the testnet, but Kusama warned that the tokens used are not real and should not be used for investment purposes. Shibarium is an Ethereum-based layer-2 blockchain designed to allow developers to create fast, inexpensive, and highly scalable applications. Kusama also noted the progress of the project in his Twitter bio and emphasized that ShibaSwap is the only official decentralized exchange for the SHIB and Shibarium ecosystem. Meanwhile, a crypto whale has relocated over $2.64 million worth of SHIB to Shiba Inu's smart contract. SHIB's price at the time of writing was $0.00001032, down by 8% in the last week.