- Shibarium completed a hard fork at block height 4504576, enabling faster transactions and stable gas fees.
- The upgrade focused on enhancing Bor and Heimdall components.
- Shibarium’s trading volumes dipped following the recent hard fork.
The Shiba Inu layer-2 blockchain solution, Shibarium, recently revealed the completion of its hard fork via a post on its X account. The hard fork, which involves upgrading a blockchain network, occurred at block height 4504576 and introduced several new features for Shibarium users.
“#Shibarium has successfully completed its hard fork at block height 4504576! Get ready for: •Blazing-fast transactions! •Predictable gas fees!” Shibarium announced.
Not long ago, the Shiba Inu team noted that a hard fork is necessary to unlock advanced capabilities and improve user interaction on its network. Moreover, this decision to initiate the hard fork was prompted by community feedback.
Usability and performance improvement are primary concerns among users of this widely used layer-2 solution. On this note, the team emphasized that the upgrade will maintain platform affordability and accessibility.
The Shiba Inu team further highlighted that users will experience faster transaction speeds following the hard fork. In addition, customers will benefit from stable gas fees, allowing them to anticipate transaction costs more accurately.
The recent hard fork focused on two main parts: Bor and Heimdall. The Bor aimed to strengthen the calculation of state sync confirmation, while the Heimdall focused on providing “deterministic finality” for Shibarium.
Nonetheless, this isn’t the first time Shibarium has undergone a hard fork. Previously, a swift hard fork occurred at block height 1962000 in December 2023, shortly after the mainnet launch.
Following its hard fork in December, Shibarium saw a spike in its transaction volume. However, this contrasts with the recent hard fork event, as trading volumes dipped due to the overall downtrend in the crypto market.
Insights from Shibariumscan reveal that over the past intraday session, the network has processed only 3,490 transactions, marking a significant decrease from the previous peak of 5 to 7 million transactions. According to Coincodex, SIHB trades at $0.00002291 during press time, reflecting a 1.20% decline over the past 24 hours.
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