Türkçe
Español
Shytoshi Kusama, the lead developer of Shiba Inu, indicated that the upcoming week could be crucial for the SHIB ecosystem. This statement followed a brief interview at the Token 2049 conference held in Singapore. Kusama shared insights about expectations for the coming week with the community through posts on the X platform.
TREAT Token and Layer-3 Development
Crypto enthusiast Raajeev Anand shared a video from the interview indicating that Kusama suggested the next few days may represent a turning point for SHIB. Anand expressed that the team plans to announce “real use cases” for the Shiba Inu ecosystem soon.
While Kusama spoke vaguely about these use cases, they are believed to relate to the TREAT token and a layer-3 privacy-focused network currently in development. In a post regarding the Token 2049 event, Kusama wished he could have spent more time at the conference, stating their focus was on “private matters.” This reference to private matters is interpreted by the community as a nod to the layer-3 network.
Transition to Shibarium and Decentralized Finance
Additionally, Kusama updated his X bio to read “Preparing to #Treat the generals,” hinting that the launch of the layer-3 network might be imminent. At the beginning of 2024, the team raised $12 million through TREAT token sales to develop the layer-3 network. Although they have not yet disclosed the name of the network, it is believed that the TREAT token will serve as the utility and governance token for the new network.
The launch of this network would add an exciting use case to the Shiba Inu ecosystem and could help solidify SHIB’s position as one of the top meme coins. We saw the meme coin’s intention to expand into different areas with the layer-2 network Shibarium launched last year. However, as noted over the past year, we did not see the expected interest in the Shibarium network after its mainnet compared to the testnet period.
Another development came from Lucie, Shiba Inu’s marketing leader. She called on users to abandon centralized exchanges and focus on decentralized finance (DeFi), inviting DeFi enthusiasts to engage with Shibarium. At the same time, she recommended that users hold their tokens on the layer-2 network to benefit from low fees and fast transaction advantages.
Lucie reiterated that DeFi represents the true solution, encouraging the crypto community to learn about using decentralized wallets and familiarize themselves with blockchain fundamentals. She also referenced the WazirX hack, reminding users that the best way to protect their assets is to stop relying on centralized exchanges. However, it is essential to note that DeFi users have also lost funds due to numerous traps such as social media bots, social engineering attacks, and fake websites.
These innovations in the Shiba Inu ecosystem could further solidify SHIB’s market position. The addition of elements like the layer-3 network and TREAT token could enhance the project’s sustainability and foster greater community engagement.
