Sybarium by Syvainu celebrates its first anniversary with the launch of new features focused on strengthening security and reducing the token supply.
These improvements demonstrate the year’s significant adoption and growth of Ethereum-based layer 2 networks.
Sybarium Introduces New Security Features
Lucy, Sibainu’s head of marketing, announced the introduction of important new security features on Sybarium. The recently added “Security Score” feature evaluates smart contract vulnerabilities on the network, providing a score between 1 and 100. This feature, based on SolidityScan, aims to enhance transparency within the ecosystem.
Shibarium’s ShibTorch Feature for Token Supply Reduction
Shibarium has introduced ShibTorch, a self-ignition feature inspired by Ethereum’s EIP-1559 upgrade. This feature allows users to trigger burns of SHIB tokens, reducing the overall token supply. By locking the transaction base fee into the burn contract, users can participate in increasing the value of SHIB and strengthening the ecosystem.
Upcoming Sibacon Conference in Bangkok
The Sibainu ecosystem looks forward to the Sibacon conference scheduled to take place in Bangkok in November. This event provides an opportunity for Memcoin enthusiasts to engage and learn more about the project, marking a significant development for Memcoin.
All of these advancements coincide with Sybarium’s first anniversary, showcasing widespread adoption and growth. With 1.8 million registered wallets and approximately 418 million transactions, Sybarium continues to maintain low gas fees, processing an average of 4,700 transactions per day.
Lucy also revealed that Sybarium has received US$12 million for future growth, with plans to expand into NFT, games, and the Metaverse.
