BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Shibarium Scaling Progress: First Update

BlockNews Team by BlockNews Team
September 28, 2023
in CRYPTO, MEDIA, SOCIAL
Share on XShare in TelegramShare on Reddit
  • Shibarium paused transfers due to an influx of traffic.
  • The L2 has resumed operations.

Shibarium has encountered a surge in traffic, referred to as “compute units,” that has prompted the need to scale its operations. The platform’s popularity led to an unexpected influx of users, resulting in a rapid response from its team to accommodate the heightened demand. Shibarium has released its first official update on the ongoing scaling efforts as part of its commitment to transparency.

Good morning, #SHIBARMY Have you caught up with our latest Shibarium update on our blog? If not, here’s your chance: https://t.co/l1fIZfMrf8 #Shibarium

— Shib (@Shibtoken) August 18, 2023
Via @Shibtoken – X

System Safeguard Measures

As a response to the unexpected surge, Shibarium’s system implemented a built-in fail-safe mode to ensure the security of user funds. This proactive measure effectively paused operations and transactions, allowing the platform’s team to assess the situation and take appropriate actions.

The platform has affirmed that the funds temporarily “paused” within the bridge remain secure. Moreover, as a gesture of commitment to its user community, Shibarium has chosen to insure the total amount of $2 million, offering an additional layer of protection in the case of any unforeseen issues following the resumption of operations.

Conclusion

Shibarium’s scaling initiatives mark a significant step in its journey to accommodate its growing user base. With collaboration, transparency, and user security at the forefront, the platform aims to emerge from this challenge with enhanced capabilities to meet the evolving demands of its vibrant community.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: L2Shibarium
TweetShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

Bitcoin Jumps Above $70K Amid Iran Tensions – Here Is What Drives Crypto
BINANCE BNB

Bitcoin Jumps Above $70K Amid Iran Tensions – Here Is What Drives Crypto

March 2, 2026
Strategy Buys 3,015 Bitcoin Amid Losses – Here Is Why BTC Bet Grows
BITCOIN

Strategy Buys 3,015 Bitcoin Amid Losses – Here Is Why BTC Bet Grows

March 2, 2026
Bitcoin Surges Toward $70K After Macro Meltdown and $100 Million Washout Shake Traders
BITCOIN

Bitcoin Surges Toward $70K After Macro Meltdown and $100 Million Washout Shake Traders

March 2, 2026
Oil, Rates, and Crypto: Why a War Thousands of Miles Away Still Hits Your Portfolio
CRYPTO

Oil, Rates, and Crypto: Why a War Thousands of Miles Away Still Hits Your Portfolio

March 2, 2026
Jupiter Rebound Accelerates as Network Activity Jumps – Here Is Why Spot Selling May Cap the Rally
CRYPTO

Jupiter Rebound Accelerates as Network Activity Jumps – Here Is Why Spot Selling May Cap the Rally

March 1, 2026
Hyperliquid Crypto Jumps 20% From $25 Support – Here Is Why $38 Could Be Next
CRYPTO

Hyperliquid Crypto Jumps 20% From $25 Support – Here Is Why $38 Could Be Next

March 1, 2026
Load More

Related News

Bitcoin Jumps Above $70K Amid Iran Tensions – Here Is What Drives Crypto

Bitcoin Jumps Above $70K Amid Iran Tensions – Here Is What Drives Crypto

March 2, 2026
Strategy Buys 3,015 Bitcoin Amid Losses – Here Is Why BTC Bet Grows

Strategy Buys 3,015 Bitcoin Amid Losses – Here Is Why BTC Bet Grows

March 2, 2026
Bitcoin Surges Toward $70K After Macro Meltdown and $100 Million Washout Shake Traders

Bitcoin Surges Toward $70K After Macro Meltdown and $100 Million Washout Shake Traders

March 2, 2026
Oil, Rates, and Crypto: Why a War Thousands of Miles Away Still Hits Your Portfolio

Oil, Rates, and Crypto: Why a War Thousands of Miles Away Still Hits Your Portfolio

March 2, 2026
Jupiter Rebound Accelerates as Network Activity Jumps – Here Is Why Spot Selling May Cap the Rally

Jupiter Rebound Accelerates as Network Activity Jumps – Here Is Why Spot Selling May Cap the Rally

March 1, 2026
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews