Shibarium Bridge Token Withdrawals Go Live After Initial Setbacks

Token withdrawals from the Shibarium bridge are now operational.

This comes weeks after the highly anticipated launch faced challenges, with software glitches causing millions of dollars to be temporarily inaccessible on the network.

Shibarium, the platform under the Shiba Inu SHIB/USD umbrella, announced its successful operation, boasting over 65,000 wallets and 350,000 transactions to date.

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The platform witnessed the deployment of a myriad of tokens, ranging from fun and quirky to the outright offensive. As the ecosystem evolves, it remains to be seen which of these tokens will emerge as frontrunners, the Shib blog stated.

The Shibarium team reassured users about the security of their funds, emphasizing that all assets are "safu" (safe). With the platform now deemed ready for mainstream use, the team is set to reopen its channels for broader engagement, it added.

"Those who build in the bear market, will win in the bull market," Ryoshi, a figure associated with the Shiba Inu project stated.

The Shibarium team also expressed profound gratitude to the Polygon MATIC/USD team for their support during the initial hiccups.

The Shib blog stated that Sandeep Nailwal, the founder of Polygon promptly stepped in with additional resources to address the situation. 

The Shiba Inu network had previously faced congestion issues, leading to concerns among its user base.

Users meanwhile have been advised to note the withdrawal process specifics for different tokens. While Shib, Leash LEASH/USD, and Weth WETH/USD withdrawals through the bridge are expected to take between 45 minutes to three hours, Bone BONE/USD withdrawals might require up to seven days.

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