The Shiba Inu project has developed Shibarium, a layer 2 blockchain, to overcome Ethereum's limitations, including slow speeds and high transaction costs. Shibarium is currently in beta testing, and the project is fully focused on executing their plans and driving the project forward. The release timeline for Shibarium depends on the progress made during beta testing and subsequent audits. Safety and rigorous crush tests are essential, and long-term investors should understand these measures. Shibarium has successfully processed over 5.2 million transactions, and the number of wallet addresses engaging with the Shibarium beta has reached 14.3 million. Gas fees are currently at a mere 2.0 Gwei, making transactions practically cost-free. The Shiba Inu ecosystem comprises three unique tokens, each serving a particular purpose within the project: SHIB, BONE, and LEASH.

(By Siamak Masnavi)