Shibarium Network Still Operational Despite K9 Finance's Claims

A recent claim that Shibarium, the layer 2 network for Shiba Inu (SHIB), is no longer functioning has been disputed by a long-time member of the Shiba Inu community.

Mazrael, who has been involved with the project since its inception, stated that Shibarium 'isn't abandoned' and that there are still thousands of daily transactions taking place on the network.

This comes after K9 Finance, a project that was previously built on Shibarium, announced that it would be sunsetting its KNINE token and migrating to Base due to concerns about the reliability of the Shibarium explorer.

Mazrael noted that this is not the same as Shibarium being sunset, and pointed out that 'infrastructure running, validators/archive infrastructure, [and] thousands of daily transactions and work on chain' are all still operational.