The Shiba Inu cryptocurrency has generated increasing interest among large Ethereum investors, also known as whales, of late. This is due to the upcoming layer 2 platform called Shibarium, which is expected to improve Shiba Inu performance in many aspects. Stay until the end and discover the details!
What benefits will Shibarium bring?
Shibarium includes a decentralized exchange (DEX), blockchain gaming, and the metaverse, and expected to reduce Shiba Inu’s reliance on Ethereum by moving most of its transactions to Layer 2 while using the Ethereum blockchain as a security layer.
Apart from Shiba Inu, other tokens such as BONE, LEASH, TREAT and SHI will also play an important role in Shibarium. The developers have also implemented a token burning mechanism to reduce the number of SHIBs in circulation. The Shibarium platform will be the highly anticipated successor to the current Shiba Inu network, which has suffered from slowness and high gas fees due to its reliance on Ethereum.
BONE, LEASH, TREAT, and SHI tokens will also play an important role in Shibarium. BONE is a utility and governance token that has seen a 10% rise in the past week, according to CoinGecko.. LEASH and TREAT can be wagered for rewards in Shiba Inu liquidity pools. SHI is a utility stablecoin. The Shibarium developers have also implemented a token burning mechanism to reduce the supply of SHIB.
With the release of Shibarium nearby, Ethereum whales are taking steps to secure their share of Shiba Inu tokens. This activity has led to an increase in interest and the price of ecosystem tokens. Although the release of Shibarium has not yet been officially confirmedit is expected to happen soon and have a significant impact on the Shiba Inu ecosystem and the cryptocurrency market in general.
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