February 14, 2024 – A groundbreaking development in the blockchain world has been announced with the launch of FETCH, a new defi bridge by the Shiba Inu-backed Sharbi team, promising to revolutionize liquidity transfers across multiple major blockchains.

The Birth of FETCH: Connecting Crypto Worlds

The Sharbi developers, powered by the Shiba Inu community’s token, have unveiled their latest innovation – FETCH. This new multichain bridging solution is designed to seamlessly connect Ethereum, the layer-2 network Arbitrum, and Shibarium – the Layer 2 scaling chain that’s at the heart of the Shiba Inu ecosystem.

Breaking Down Blockchain Barriers

Traditionally, blockchains operate independently, creating limitations for currencies to be transferred across different networks. FETCH emerges as a solution to this challenge, enabling the movement of tokens between these decentralized platforms, thus enhancing the defi experience.

FETCH: A Technological Marvel in DeFi

Developed using Solidity, a dominant programming language in the defi space, FETCH drastically reduces the time required for off-chain bridging. What previously took almost a week can now be accomplished in less than 30 seconds, as per the Sharbi developers.

A New Era for Shibarium Users

Investors who have experienced the lag of capitalizing on opportunities due to slow fund transfers will find FETCH to be a game-changer. Andrew Rosemond, a core team member at Sharbi, emphasizes that this new bridge will empower Shibarium users to perform swift inter-chain transactions.

DAO’s Role in the FETCH Ecosystem

FETCH’s integration into the Shibarium ecosystem will be governed by a decentralized autonomous organization (DAO), which is set to vote on the tokens FETCH will support. This list includes SHARBI, BONE, and other tokens as determined by the DAO.

Shibarium’s Journey and Growth

Since its launch as part of Shiba Inu’s expansion strategy, Shibarium has overcome initial setbacks and has shown significant growth, hitting over 349 million transactions processed from 1.3 million wallet addresses across 3 million blocks. The network boasts a vibrant ecosystem with over 8,900 tokens and 15,000 smart contracts, with SHIB maintaining its position as the second-largest memecoin by market cap.

Related: Shibarium’s Transaction Surge

As SHIB gains 15% in a week, Shibarium sees a corresponding surge in daily transactions, highlighting the thriving activity on the network.