Sharbi, the top overall coin launched by the Shiba Inu community on the L2 Shibarium, marked a cyclone of breakthroughs recently as it announced plans to launch FETCH, a one-of-its-kind multichain bridge that connects Shibarium, Ethereum, and Arnitrum.

Forged by Solidity.io, a prominent blockchain development firm, FETCH poises to reduce the current off-chain bridging time substantially, reducing it from 7 days to an extremely eye-captivating 15 seconds, staging as a pioneer across the cryptocurrency market.

With the community’s plan to launch FETCH as of February 14 at 10 AM EST, the Shiba Inu community appears to be primed for a paradigm shift within the meme coin’s ecosystem. Meanwhile, SHARBI’s price traded primarily in the green as of press time, birthing additional inferences for the token’s run ahead.

A Closer Look Into Sharbi’s FETCH Multichain Bridge

According to Sharbi’s community, the FETCH multichain aims to facilitate SHARBI and BONE bridging to Ethereum, Shibarium, and Arbitrum as of now, whereas any other token that the DAO votes to whitelist is also welcomed by the community. This comes as a revolutionary measure across the cryptocurrency realm when aligned with the significant reduction in bridging time, as mentioned above.

Concerning this, Andrew Rosemond, a core member of the Sharbi team, stated that investors across the crypto market comprehend the annoyance of feeling restricted when they spot an opportunity and fail to seize it only because of improper access to their funds. Keeping this in mind, the community facilitates FETCH, further transforming the Shibarium ecosystem while empowering users to bridge between numerous chains in seconds rather than days.

In the interim, the community also spotlighted the recent emergence of its investment arm, Boom Boom Capital, accompanied by strategic partners from which the community received assistance. This further showcased Sharbi’s advancement orbiting its cryptographic venture, promptly nabbing significant attention.

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SHARBI Price Soars

As of writing, the Sharbi price noted a substantial uptick of 8.45% over the past 24 hours and is currently trading at $0.0000009295. Notably, the 24-hour trading volume for the token also jotted down a surge of 50.08%, reaching $6,065.41. Although the amount remains comparatively small when compared to other DAOs’ tokens within the broader crypto market, its recent advancements appear to be positioning the DAO and its token for a paradigm shift shortly ahead.

Also Read: Coinbase & Other Crypto Stocks Surge As Bitcoin Tops $51K, Rally To Sustain?

The post Sharbi Launches FETCH Bridge Between Shibarium, Ethereum and Arbitrum appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am