• Shibarium has no official release date yet
  • The Layer-2 solution will utilize its governance token BONE
  • SHIB was trading was trading down 5.33% at $0.00001058

Is the announcement of the highly anticipated Shibarium, the Layer-2 solution first proposed by Shiba Inu's pseudonymous creator Ryoshi, or the release of its documentation, or perhaps its beta test happening this week? Apparently, some SHIB holders think so.

This belief hinges on the scheduled mainnet upgrade of Unification/xFund on Wednesday, which to some Shiba Inu holders, might have something to do with Shibarium since Unification and xFund handle the development of Shibarium and their mainnet upgrade could help foster the launch of the Layer-2 solution.

However, so far, nothing is official about Shibarium's release or at least the rollout of its documentation, aside from Shiba Inu lead developer Shytoshi Kusama's previous statement that the documentation could come out sometime this month. The Layer-2 solution designed by the Shiba Inu development team is currently a work in progress.

Shiba Inu -crypto
Shiba Inu token. Shiba Inu -Twitter

While there has been hype about the launch of the Shibarium, very few details are available when it comes to its specific technologies, infrastructure, or even release date. However, it is clear that the initiative, once launched, will use as its base liquidity asset the Shiba governance token BONE.

Ryoshi earlier said that they will release the Shiba Inu stablecoin SHI when Shibarium rolls out, which, unlike other stablecoins, will have a stable price peg of $0.01 so it can be used as a form of digital payment for microtransactions. The Shiba Inu ecosystem now features DEX, a decentralized exchange; an NFT gaming platform; and a metaverse application, "SHIB: The Metaverse."

With Shiba Inu's partnership with blockchain solutions provider xFund, the team could help in accelerating awareness and adoption of Shiba Inu, thus increasing its value. Shibarium aims to cut transaction fees for users and provide a low-cost solution for a variety of projects in the Shiba Inu ecosystem, including Shiba Inu Games and "SHIB: The Metaverse."

It is an interesting vision but since there is no official release date yet, holders should temper their expectations and take the dates they see online as speculative at this stage.

SHIB was trading was trading down 5.33% at $0.00001058, with a 24-hour volume of $351,890,570, as of 3:20 a.m. ET on Tuesday, according to data from CoinMarketCap.