Key Takeaways
Woofswap, a dApp on Shiba Inu's Layer-2 network Shibarium, announced it has begun early testing for a Layer-3 solution. This development aims to significantly enhance transaction speeds and reduce costs, signaling a long-term strategic focus on network utility and scalability.
- Woofswap announced on March 21 that a Shibarium Layer-3 explorer is in an early testing phase under the ShibClaw initiative.
- The Layer-3 is designed to be built on the existing L2 to increase transaction speeds and lower fees, enabling more complex decentralized applications.
- The announcement comes as Shibarium's block indexing stands at only 41% completion following a recent server migration, drawing mixed reactions from the community.
