Following the previous Bor hard fork, Shibarium recently completed the Heimdall hard fork, providing an additional boost in scalability for the network. The team highlighted the benefits of faster transactions and more stable gas fees as a result of these upgrades. Shibarium's L2 blockchain has garnered attention in the crypto space due to these advancements.

With the completion of the hard fork at block height 4504576, traders reacted positively, causing the price of SHIB to surge to an intraday high of $0.00002345. The team behind Shiba Inu confirmed the successful implementation of the hard fork. This development is crucial for Shiba Inu's blockchain infrastructure enhancement to accommodate future growth and adoption.

The hard fork has notably enhanced the network's speed, streamlined transaction execution, and ensured scalability for increased users. The ultimate goal of the upgrades is to boost efficiency, improve consensus mechanisms, and introduce features that support network expansion. The team emphasized that users can now expect rapid transactions and consistent gas fees post-hard fork.

By achieving deterministic finality on the Shibarium network, minimizing gas costs, and resolving previous synchronization issues, the hard forks are set to elevate the overall network performance. The Shiba Inu team remains vigilant in monitoring the evolving Web3 and DeFi landscape. The recent transition from Ethereum to Shibarium has allowed the decentralized exchange ShibaSwap to embrace new DeFi functionalities.

Shytoshi Kusama also highlighted the successful fundraising of $12 million from industry leaders to bolster Layer-3 blockchain development and support Shibarium's growth initiatives.