Shiba Inu Emerges As Second Most Secure Crypto Network – Report

The pioneer blockchain security platform, CertiK, recently released its yearly security audit report for Web3 protocols, with Shiba Inu coming up as the industry’s second most secure crypto project. The Web3 Security Leaderboard report shows that Shiba Inu scored 93, which measures its relative security, social sentiments, and market performance.

CertiK Ranks Shiba Inu Second

The digital memecoin recorded a Skynet Trust Score of 93 in the CertiK Web3 Security Leaderboard report, thus emerging as the second most secured crypto project after Polygon. SHIB’s CertiK score averages 92 for “Security” and 95 for “Market and Community.” In addition, the score is calculated by measuring a project’s security, social sentiments, and market performance.

The CertiK report has evaluated Shiba Inu’s project in line with its decentralization status, market capitalization, long-running performances, bug bounty offer, and social followings.

Furthermore, the meme token has placed first among the top 10 DEX projects on CertiK. Shiba Inu’s native token, SHIB, and its decentralized exchange, ShibaSwap, have left the 1Inch and PancakeSwap ecosystems.

With the anticipated launch of the Shibariun Layer-2 protocol, SHIB has seen increased social activities. The network’s core developer, Shytoshi Kusama, and other official Shiba Inu platforms have released hints of the upcoming Shibarium launch in January 2023.

Meanwhile, the Shibarium Network confirmed that BONE would become the gas token in the Shibarium ecosystem towards the end of last year. In addition, each Shibarium transaction is expected to burn SHIB.

The Shiba Inu community is already pumped up for the expected launch of Shibarium and the series of developments taking place in the ecosystem.

Since the Shibariun announcement was made last year, Whale transactions on the network have significantly increased, with the SHIB token experiencing buying pressure due to the significant activities.

Cryptos In The Green As SHIB Awaits Price Rally

Over the past 24 hours, the crypto market has been flipping in an upward bound movement as most digital assets enjoyed a surge of positive sentiments. BTC has surpassed the $17,000 price mark for the first time in weeks as the flagship crypto asset began the year in the green zone.

The second-largest digital asset after Bitcoin, Ethereum, also sees a price uptrend with an above 4.9% price spike in the same timeframe. Crypto investors are keeping an eye on the soon-to-be-released Consumer Price Index (CPI) report, which will go live on Thursday.

The report will show the inflation data for December, which will determine the next course of action by the US Federal Reserve on future interest rate hikes. SHIB was also among the strong market performers on Monday. The meme asset is changing hands at $0.00000920, with a 2.9% increase in the last 24 hours.

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