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 <p>A Shiba Inu investor ‘CryptoLeadDev‘ who is also a blockchain engineer, tested the newly launched Shibarium network. The developer shared his experience of transacting on the network, indicating the time it took to complete one transaction. The user exemplified the workings of the Shibarium bridge and shared the cost and speed it takes to initiate a transaction.</p> 
 <p><strong>Also Read:&nbsp;Shiba Inu To Reach 5 Cents? Here’s When SHIB Might Hit $0.05</strong></p> 
 <p>The user sent 0.01 Ethereum to <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> and shared screenshots of all the paths from the beginning to the end. <strong>“I am testing the <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> bridge, sending ETH to <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>, so you don’t have to test it yourself,”</strong> he tweeted.</p> 
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 <p>The holder first visited the <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> Bridge web app and entered the amount of Ethereum he wanted to transfer. As this was his testing phase, he sent 0.01 ETH, and Ethereum was trading at $1,680 during the transaction.</p> 
 <p><strong>Also Read:&nbsp;Shiba Inu: SHIB Price Prediction for September 2023</strong></p> 
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 <p>The initial fee to complete the transaction costs $1.95, with an estimated completion time of 20 to 30 minutes. However, the transaction was processed much more quickly, as the funds were transferred within four minutes. However, he highlighted that the Web3 wallet he first used to swap ETH to <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> was MetaMask.</p> 
 <p>The transaction fee MetaMask charged the user was $2.65, which is higher than that of Shibarium. While Shibarium charged $1.95 for a 0.01 ETH transaction, it is not known if the same amount will be charged for $10,000. If it does, then the network will be cheaper and more cost-effective for users.</p> 
 <p><strong>Also Read: Shiba Inu: When Will <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> Kick-Start a Rally for SHIB?</strong></p> 
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    <p lang="en" dir="ltr">1/ I am testing the #Shibarium bridge, sending ETH to Shibarium, so you don't have to test it yourself. A 🧵<br><br>First, I went to the bridge and put in 0.01 ETH to be transferred. Estimated fee is 1.95 USD… pic.twitter.com/mVtjJQG0M2</p> 
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    </div> — CryptoLeadDev (@CryptoLeadDev) August 29, 2023
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 <h2 class="wp-block-heading" id="h-shiba-inu-shib-fails-to-spike-in-price-despite-shibarium-launch">Shiba Inu: SHIB Fails To Spike in Price Despite Shibarium Launch</h2> 
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  <img decoding="async" width="1024" height="802" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="shiba inu shibarium" class="wp-image-23435 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp.webp 300w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp.webp 768w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp.webp 380w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp.webp 550w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp.webp 800w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp.webp 1040w" data-srcset-img="https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp 1024w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp 300w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp 768w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp 380w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp 550w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp 800w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp 1040w" data-eio="j">
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   <img decoding="async" width="1024" height="802" src="https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp" alt="shiba inu shibarium" class="wp-image-23435" srcset="https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp 1024w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp 300w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp 768w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp 380w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp 550w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp 800w, https://cdn.thebittimes.com/images/2023/08/31/89ced1c6ae17326e7661ec8b82946919.webp 1040w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>Shiba Inu did not rally after the <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> launch, and the token is moving backward in the indices. The launch did little to nothing to help SHIB sustainably scale up in price. However, things could change after <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> begins to burn SHIB tokens and send millions or billions of tokens to the dead wallet.</p> 
 <p>SHIB could rise depending on the scale of the burns that the team announces. If the scale is bigger, then SHIB has better chances of shooting up in price. If the burns are on a smaller scale, then SHIB could head south in the indices. Read here to know a realistic timeframe for when Shiba Inu could hit the $0.01 mark.</p> 
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<div class="cs-entry__tags">
 <ul>
  <li>shib</li>
  <li>shiba inu</li>
  <li>Shibarium</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/shiba-inu-investor-tests-shibarium-here-s-the-speed-cost-much-more-tbt61036.html">https://thebittimes.com/shiba-inu-investor-tests-shibarium-here-s-the-speed-cost-much-more-tbt61036.html</a></p>

Shiba Inu: Investor Tests Shibarium, Here's the Speed, Cost & Much More

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