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Shiba Inu: Five Exciting Developments Coming for SHIB, Here's When

Tue, 09/12/2023 - 11:29
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Tomiwabold Olajide
Game-changing developments coming to Shiba Inu revealed by SHIB team member
Shiba Inu: Five Exciting Developments Coming for SHIB, Here's When
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Shiba Inu team member Lucie gives a recap of five upcoming developments coming into the Shiba Inu ecosystem. These include renouncing the Bone contract, Shibaswap 2.0, the TREAT reward token, Shiba Hub and Metaverse.

Given how avidly the Shiba Inu community anticipates these advances, the question of when arises. Lucie answered this seemingly pertinent question in the hearts of community members by stating, "When it's ready."

Lucie goes on to explain, using Shibarium as an example, that there are steps in the Shiba Inu's development journey, and the debut of these developments might not happen overnight. Lucie adds that these developments might take time because this is a technology that is separate from the market.

As reported, Shiba Inu's lead, Shytoshi Kusama, established new focus areas, including the burn portal and renouncing the BONE contract. Kusama also notified the community that the burn portal was currently in development, as was the Shibarium Wiki.

Shibarium smashes big milestone

Shiba Inu's Layer-2 blockchain Shibarium has reached a significant milestone, surpassing two million transactions. According to Shibariumscan statistics, the total number of transactions on the Layer-2 blockchain is currently 2,113,660.

Shibarium Hits Big Milestones With Over 19 Million BONE Delegated

Shibarium has seen a considerable increase in various indicators in addition to transaction count. The network has now interacted with 1,125,979 wallet addresses. Similarly, Shibarium's block count is approaching 600,000. Shibarium has processed 589,704 blocks so far, with an average block time of 5.0 seconds.

Shiba Inu's total addresses continue to rise steadily, reaching a new high of 3.58 million, per IntoTheBlock data.

At the time of writing, the SHIB token was slightly higher in the last 24 hours at $0.00000723.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.