The post Shibarium To Release Soon: Here’s What To Expect From SHIB’s L2 Network  appeared first on Coinpedia Fintech News

The Shiba Inu (SHIB) community is eagerly anticipating the launch of the Shibarium layer 2 scaling solution. Despite struggling to maintain the momentum of the January 2023 rally, with an increase of only 11% in February compared to over 56% in January, market analysts predict bullish sentiment with the upcoming token burn.

Shibarium to Accelerate Token Burn

The Shibarium layer 2 networks is designed to onboard DeFi platforms onto the Shiba Inu ecosystem and accelerate SHIB token burns. The increased token burns will, in turn, increase the value of existing crypto tokens.