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How To Trade It: Trader Insight from Profitable Traders
What is Shibarium? Everything you need to know about and why you should care
Feb 15, 2024
Discover Shibarium, a layer 2 blockchain offering faster and cheaper transactions. Explore trading, investing, and token launches. Learn about decentralized exchanges and earning rewards through staking and NFTs. Caution and research are crucial in the crypto space. Shibarium has the potential for growth and offers privacy through Web3 capabilities.
20:09
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Quick takeaways
- Shibarium is a layer 2 blockchain built on Ethereum, providing faster and cheaper transactions than Ethereum.
- Opportunities in Shibarium include trading tokens, participating in token launches, staking, and earning rewards through NFTs.
Deep dives
Shabarium: A Layer Two Blockchain Built on ETH Network
Shabarium is a new blockchain called a layer two blockchain built on the Ethereum network. This is significant because the Ethereum network is slow and expensive. Shabarium offers faster transactions and is cheaper to use. It provides a lot of trading opportunities with new tokens being launched regularly. It is still in its early stages with a trading liquidity of about a million dollars, but it has the potential to grow significantly.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode