Gushiken Yona
Zypto, a comprehensive cryptocurrency platform bridging decentralized and centralized finance (DeFi and CeFi), confirms it is prioritizing the integration of Shibarium, Shiba Inu’s layer-2 scaling solution, bringing enhanced scalability and functionality to its users.
Zypto’s platform caters to both novice and experienced crypto users, offering a user-friendly interface for managing, trading, and spending cryptocurrencies. While specific user numbers aren’t publicly available, the platform boasts a growing user base and strategic partnerships with companies like MoneyGram and American Express, expanding its global reach across markets like the U.S. and Europe.
“We love to see such strong community engagement!” Zypto announced on X (formerly Twitter), highlighting the importance of community feedback in their development process. “You tell us what you want/need and we’ll make it happen.”
The company confirmed that Shibarium integration is a top priority for its developers, following the completion of an ongoing network integration. “We have informed our developers that the next 2 chains to be integrated after the one being finalized now should be XRPL and Shibarium.”
The planned integration of Shibarium into Zypto is poised to be a significant catalyst for growth within the Shiba Inu ecosystem. Zypto’s platform will simplify access to the Shibarium network, potentially onboarding a wave of new users.
Furthermore, Zypto’s cross-chain swapping capabilities will enhance liquidity and flexibility for SHIB, BONE, LEASH, and other related tokens, allowing seamless movement across different blockchains. This integration also exposes Shibarium to Zypto’s global user base, expanding its reach beyond the meme coin community and into the broader crypto market. Moreover, it allows Zypto users to benefit from Shibarium’s lower transaction fees and faster processing speeds, enhancing the overall user experience.
While Zypto also mentioned plans for XRPL integration and Pi Network exploration, the emphasis on Shibarium underscores the platform’s responsiveness to its community and the growing significance of the Shiba Inu ecosystem. By prioritizing Shibarium, Zypto aims to provide its users with a more efficient, cost-effective, and feature-rich experience within the Shiba Inu ecosystem, further driving mainstream adoption of cryptocurrencies.
Shibarium is demonstrating steady activity and growth, according to data from Shibariumscan as of 7:59 a.m. ET on Monday. The network has processed over 416.435 million transactions, with an average block time of 23.26 seconds, indicating a robust capacity for handling a substantial volume of activity.
This performance is complemented by a growing user base, evidenced by over 7.343 million total blocks and 1.826 million total addresses, along with 127,450 total accounts. While the number of new contract deployments and verifications was zero at the time of reporting, the network hosts over 20,892 thousand total contracts, with 3,790 verified, suggesting a foundation for future growth within the Shibarium smart contract ecosystem.
Furthermore, Shibarium has facilitated 1.837 million BONE transfers, the official gas token of Shiba Inu’s L2 and supports over 11,659 thousand tokens, indicating a diverse and expanding token economy. While daily fluctuations in contract deployments are normal, the overall data suggests a network gaining traction and establishing its presence within the cryptocurrency landscape.
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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
