Welcome to the dog days of crypto. A testnet for the bridge connecting the Shibarium layer 2 and Ethereum networks has gone live, allowing users to transfer “dummy” tokens. It’s the kind of news that could help Shiba Inu (SHIB) catapult out of the meme coin category. Unsurpisingly, SHIB, Dogecoin, and even ShibaSwap (BONE) have all seen big gains following the launch.
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CEO of the dYdX Foundation Charles d’Haussy unpacks the decision behind moving one of the largest decentralized exchange protocol’s over to its very own chain built on Cosmos. A key driver, he told Decrypt at this year’s EthCC event, was that instead of launching on a rollup or another layer 1, launching a fully customized chain will allow dYdX to fine tune the network for its product’s needs.
