Shiba inu (SHIB) tokens slumped some 9% in the past 24 hours as users widely reported bridging issues after the much-hyped Shibarium network went live late on Wednesday. Blockchain data shows transactions on the network were stalled for at least five hours as of time of writing. Users had transferred 954 ether (ETH), worth $1.7 million, and $750,000 worth of bone (BONE), a Shibarium governance token, to the contract. Bridges are blockchain-based tools that transfer tokens between different networks. These remain one of the most important – yet a very vulnerable – part of the crypto market. The network utilizes bone (BONE), SHIB and leash (LEASH) tokens.
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