Written by Hazel J. Greene, Senior Analyst

Shiba Inu ecosystem, blockchain infrastructure provider NOWNodes has unveiled its final preparations for the highly anticipated mainnet launch of Shibarium. This innovative layer-2 solution aims to enhance scalability and efficiency within the Shiba Inu network, marking a significant milestone for the ecosystem’s growth.

NOWNodes recently took to Twitter to share some compelling insights into the imminent Shibarium launch, highlighting their progress in achieving the goals outlined in the Shibarium roadmap. The fact that NOWNodes, a leading blockchain infrastructure service provider, had announced support for the Shibarium network just a few months ago in mid-February underscores their dedication to the project’s success.

Over the past few weeks, NOWNodes has been focused on onboarding projects, allowing them to build on the innovative Shibarium platform and gearing up for the mainnet launch. This layer-2 technology will enable transactions to be processed off the main Ethereum blockchain that the Shiba Inu cryptocurrency is built upon. By doing so, Shibarium will significantly enhance transaction speeds, reduce costs, and elevate the entire Shiba Inu ecosystem to new heights.

As a critical partner in the development of Shibarium, NOWNodes plays an integral role in ensuring the success of the project. With the mainnet launch drawing closer, NOWNodes has reaffirmed its commitment to become one of the first node providers for the Shibarium network. Their dedication was evident in a recent tweet, where they expressed readiness to announce their first official partner to integrate Shibarium RPC nodes as soon as all terms are finalized.

With the final stage of the Shibarium roadmap well underway, NOWNodes is actively engaged in establishing essential partnership agreements. The company confidently proclaims, “Shibarium adoption as soon as launched,” showcasing their determination to onboard users and developers swiftly. NOWNodes has further stated that the infrastructure is fully set up, tested, and ready to be used. Before the mainnet node launch, comprehensive stress and downtime tests are being conducted to ensure the network’s robustness and reliability, guaranteeing a seamless experience for all stakeholders.

The buzz surrounding the Shiba Inu ecosystem and its native token, SHIB, continues to grow, fueled by the forthcoming Shibarium mainnet launch, scheduled for mid-August at the ETHToronto conference. Investors are showing increasing interest in SHIB and the associated tokens BONE, LEASH, WOOF, and PAW, as these tokens have witnessed remarkable gains in recent weeks.

While the SHIB token has been on a steady uptrend since its low on June 10, a confirmed trend reversal will require a daily candle close above the 23.6% Fibonacci retracement level ($0.00000832).

As the Shiba Inu ecosystem ushers in the era of Shibarium, it brings immense promise and potential for growth. With NOWNodes at the forefront of this transformative project, the future looks decidedly bright for Shiba Inu and its passionate community of supporters.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The cryptocurrency market is highly volatile, and readers should conduct thorough research before making any investment decisions.