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Shiba Inu (SHIB) Lead Establishes New Focus as Shibarium Expands

Tue, 09/05/2023 - 15:30
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Tomiwabold Olajide
Shiba Inu lead Shytoshi Kusama reveals next steps after Shibarium relaunch
Shiba Inu (SHIB) Lead Establishes New Focus as Shibarium Expands
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Shiba Inu lead Shytoshi Kusama has established new areas of focus as Shibarium continues to thrive after its relaunch.

According to a screenshot shared by Shiba Inu team member Lucie, Kusama mentioned the burn portal and renouncing the BONE contract as the next focal points.

In an earlier screenshot shared by Lucie on X, Kusama informed the community that the burn portal was currently in development. Emphasizing SHIB adoption, Kusama stated that "burns will not and are not the end all be all. We absolutely must increase adoption," while adding that the burn portal was in the works.

Shiba Inu burning remains a favorite topic in the community, which clamors for trillions of tokens to be burned. Thus, there is much interest in the subject of burns. Shibarium will burn SHIB, the Shiba Inu team made it known in earlier discussions.

According to a blog post released by Shiba Inu developer Kaal Dhairya at the start of the week, preparations to renounce the Bone contract are in the works this week. Kusama highlighted this as another focal point.

The Shiba Inu lead also noted that the Shibarium Wiki was underway, although he did not share further details.

Shibarium advances

Shibarium, the Shiba Ecosystem's Layer 2 scalability solution, has surpassed one million wallet addresses and a million total transactions since its reopening to the public on Aug. 28.

Shibarium had 1,117,650 wallet addresses and 1,098,480 total transactions at the time of writing on Sept. 5.

Shibarium Hits Big Milestones With Over 19 Million BONE Delegated

New developments are in the works for the Layer 2 blockchain, which includes Shibarium Wiki, as stated above. A collaboration with a slew of third-party bridges to help bridge many other tokens into Shibarium has also been hinted at.

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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.