Shiba Inu Steps Beyond Shibarium, Opens a Second Front on Solana

Key Summary

Shiba Inu (SHIB) has launched on Solana, expanding its presence beyond its in-house layer-2 network, Shibarium. The listing is facilitated by Sunrise, a token gateway backed by Wormhole Labs, and is the first time SHIB has been listed on Solana. Following the announcement, SHIB gained 3.89% over the past 24 hours, bringing its weekly gain to 2.69%. The token remains 93% below its October 2021 all-time high. SHIB is now available on Solana with a base fee of 0.000005 SOL per transaction, significantly lower than Ethereum fees.