Shibarium L2 Incorporates New 'Security Score' Feature, SHIB Price Reflects Growing Optimism

Shiba Inu's Shibarium has rolled out an enhanced security feature, aiming to attract developers and new projects as market confidence in the token grows.

Shiba Inu's Shibarium L2 now has ‘Security Score’ featureShiba Inu has rolled out an important update to its Layer 2 blockchain, Shibarium.

According to Coingape, an update to the L2 that improves network openness was announced by Lucie, SHIB's marketing lead, on X today. At the same time, SHIB's pricing reflected optimism today by trading in the green.

Shibarium L2 has integrated a crucial feature called “Security Score,” Lucie announced in her X post on August 17. This feature focuses on contracts deployed on the Shib network.

Lucie's post included a screenshot showing that after the update, all contracts on the network are scanned for security vulnerabilities.

The security scan is performed by SolidityScan, a cloud-hosted scanner for vulnerabilities in Smart contracts. The scan also provides a score from 1 to 100, allowing for precise assessment of the security or vulnerability of contracts.

Several parties in the cryptocurrency industry reacted positively to the development, expressing hopes for the future of the meme token in the crypto and Web3 markets. The L2's integration of ShibTorch, an auto-burning function for Shibarium, further bolstered market confidence.

Concurrent with the above event, the Shiba Inu coin experienced strong buying interest from investors and dominated the green market today.

SHIB Price Shows Growing OptimismShiba Inu coin price up 2% today, trading at $0.00001337. It reached a low of $0.00001295 and a high of $0.00001341 over 24 hours.

Coin futures OI increased by 4.17% to $25.39 million, which is quite substantial and indicates optimism, as per data from Coinglass. However, today's derivatives volume decreased by 42.29 percent, reaching $31.35 million.

Shiba Inu coin seems to be experiencing selling pressure, as its 14-day RSI hovers around 37. Nonetheless, if the coin continues to decrease in value, it may enter oversold territory, potentially leading to a price recovery.

Shiba Inu Investors Await Future DevelopmentsCrypto market participants are closely monitoring the dog-themed meme coin for any future changes in price action, as the current market dynamics present an unclear landscape. The noted changes, however, provide some optimism.

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