The community’s announcement of plans to deploy the FETCH multichain bridge has led to a notable increase in interest in Shiba Inus.
A storm of advances was recently marked by the announcement of the Shiba Inu community’s leading coin, Sharbi, that it will create FETCH, a unique multichain bridge that joins Ethereum, Arnitrum, and Shibarium on the L2 Shibarium.
Established by renowned blockchain development company Solidity.io, FETCH is poised to become a market leader in the cryptocurrency space by drastically cutting the existing off-chain bridging time from seven days to a very fascinating fifteen seconds.
The Shiba Inu community seems poised for a paradigm shift inside the meme coin’s ecology, given its plan to launch FETCH on February 14 at 10 AM EST. As of the time of writing, SHARBI’s price was mostly moving in the green, raising more questions about the token’s future.
A More Detailed Examination of Sharbi’s FETCH Multichain Bridge
The community surrounding Sharbi claims that the FETCH multichain currently intends to enable SHARBI and BONE bridging to Ethereum, Shibarium, and Arbitrum; additionally, the community is open to any other token that the DAO votes to whitelist. When considered in conjunction with the previously indicated substantial decrease in bridging time, this represents a revolutionary step for the cryptocurrency community.
In reference to this, Sharbi team member Andrew Rosemond said that investors in the cryptocurrency space understand what it’s like to feel constrained when they see an opportunity but are unable to take advantage of it due to unauthorized access to their capital. In light of this, the community helps to enable FETCH, which further revolutionizes the Shibarium ecosystem and enables users to connect several chains in a matter of seconds as opposed to days.
Meanwhile, the community also highlighted the recent launch of Boom Boom Capital, its investment arm, along with key partners that provided support to the community. This demonstrated Sharbi’s progress around its cryptography project and garnered notice right away.
The Sharbi price saw a significant increase of 8.45% in the previous day as of this writing, and it is now trading at $0.0000009295. Notably, the token’s 24-hour trading volume recorded a 50.08% increase, reaching $6,065.41. While the quantity is still relatively modest in comparison to other DAO tokens in the larger cryptocurrency market, the DAO and its token seem to be in position for a paradigm change in the near future based on recent developments.