U.Today - Wallet Connect integration has been officially for Shibarium, the layer-2 solution of the Shiba Inu meme coin project.
Wallet Connect, a protocol for connecting decentralized applications to mobile wallets using end-to-end encryption, allows users to interact with any DApp without compromising their wallet’s security.
This development marks a pivotal step for Shibarium, which is fast gaining traction in the decentralized finance space.
Streamlined user experience
The integration of Wallet Connect on offers users a more streamlined experience.By simply scanning a QR code, users can now securely authorize transactions from their mobile wallets.
This feature eliminates the need to manually input sensitive security information, thus reducing the risk of phishing attacks and security breaches.
Wallet Connect's interoperability between desktop and mobile platforms is poised to boost user engagement on Shibarium’s network.
Shibarium's expanding ecosystem
Shibarium's ecosystem shows robust activity and growth, as indicated by the latest statistics from the Shibarium blockchain explorer.The platform has processed over 115 million transactions and supports more than 1.3 million wallet addresses.
Notably, the daily transaction volume has surged to 7.24 million transactions per day. Shibarium’s native token, , is currently priced at $0.787, contributing to a market capitalization of $196 million.