The meme token shiba inu has seen a rise against the U.S. dollar during the last seven days as the coin’s supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium. Developers detailed on Jan. 15, 2023, that the L2 platform, “Shibarium beta,” is about to be launched on top of the Ethereum blockchain to provide better scalability, faster transaction times, and lower fees.

The shiba inu (SHIB) meme token community, also known as the “SHIB Army,” has been growing excited about the launch of Shibarium, a new layer two scaling solution crafted for the SHIB crypto ecosystem. Hints about Shibarium’s launch started last year as it was originally supposed to launch in the third quarter of 2022. In mid-Dec. 2022, SHIB community members hinted that the project’s launch was getting closer by the day. On Jan. 15, 2023, the SHIB team published a blog post called “Introduction to Shibarium: Shiba Inu’s Layer 2 Network.”