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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/altcoin/shibarium-fud-decoded-lead-shiba-inu-developer-shytoshi-kusama-assures-shibarmy-all-funds-are-safe/">Shibarium FUD Decoded: Lead Shiba Inu Developer Shytoshi Kusama Assures Shibarmy All Funds Are Safe</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The Shiba Inu (SHIB) ecosystem recorded a beehive of new activities on Thursday after the mainnet launch of the much-awaited Shibarium layer two (L2) scaling solution. However, the Shibarmy had a challenging time following initial reports of lost deposited funds through the Shibarium bridge. </p> 
<p>Notably, a screenshot circulating the internet showed a text that Kusama had ostensibly written indicating that the bridged Ethers amounting to over $23 million are completely lost</p> 
<p>In a bid to clear the air, the Shiba Inu team led by core developer Shytoshi Kusama has termed the allegations as FUD.</p> 
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   <p lang="und" dir="ltr">Fud</p>— Shytoshi Kusama 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@ShytoshiKusama) <a href="https://twitter.com/ShytoshiKusama/status/1692148719951475094?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 17, 2023</a> 
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<h2 id="current-state-of-shiba-inus-shibarium-l2-network" data-name="current-state-of-shiba-inus-shibarium-l2-network" class="wp-block-heading">Current State of Shiba Inu’s Shibarium L2 Network&nbsp;</h2> 
<p>According to a post to the Shibarmy from Kusama, the technical difficulties recorded after the launch of the Shibarium L2 network were due to a high influx of transactions and users.&nbsp;</p> 
<blockquote class="wp-block-quote"> 
 <p>“On the enterprise plan we have with Alchemy, we are allotted 400 Million compute units a MONTH. At launch, we experienced 160+ Million compute units in approximately 30 minutes,” Kusama <a href="https://blog.shib.io/shibarium-insane-influx/" rel="noopener noreferrer nofollow">noted</a>.</p> 
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<p>Meanwhile, the Shiba Inu developers team is ostensibly working on scaling the Shibarium network to handle a higher bandwidth of transactions and users.</p> 
<p>Notably, the Shibarmy has continued to deposit more Bone on the Shibarium network to facilitate staking, despite the initial FUD on lost assets.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/SHIBARMY?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIBARMY</a> remains resilient in the face of FUD and negativity. <br><br>Despite the market's decline, we're maintaining our momentum! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4aa.png" alt="💪" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24BONE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BONE</a>: 5,499,844.1965 Bone staked, based on this data. <br><br>Also, our developers are actively working on it! Stay strong ! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6e0.png" alt="🛠" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f309.png" alt="🌉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/3n7irYfj6F" rel="noopener noreferrer nofollow">pic.twitter.com/3n7irYfj6F</a></p>— 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1692147227454812541?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 17, 2023</a> 
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<h2 id="market-outlook" data-name="market-outlook" class="wp-block-heading">Market Outlook</h2> 
<p>Since the launch of the Shibarium network, Shiba Inu’s price had dropped approximately 8 percent to trade at about $0.00000889 as of reporting time. Similarly, Bone ShibaSwap (BONE) experienced a bearish outlook with a 12.8 percent drop to trade at about $1.30.</p>

Shibarium FUD Decoded: Lead Shiba Inu Developer Shytoshi Kusama Assures Shibarmy All Funds Are Safe

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