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Shiba Inu’s Lead Dev Brags Shibarium’s Success, ‘Almost 800M Transactions, 8 Times Cardano’

Shiba Inu’s lead developer, Shytoshi Kusama, has praised the success of Shibarium, the layer-2 blockchain network powering the Shiba Inu ecosystem. On Saturday, the pundit revealed that Shibarium has processed almost 800 million transactions, a figure he boasted was “8 times Charles Hoskinson’s Cardano.” The comment came as a response to a Shiba community member, Murat Aydın, who expressed concerns about the clarity of Shibarium’s roadmap. Aydın’s criticism revolved around the lack of communication about the network’s ongoing testing phase and the uncertainty surrounding the utility of BONE, the ecosystem’s gas fee token. In his reply, Kusama refuted the notion that Shibarium was still in testing, stating, “Did you just say Shibarium is being tested? Bro, there are 700M transactions.” He further emphasized the team’s ongoing efforts to enhance the ecosystem, including a redesigned website and a recently released podcast to address concerns and highlight their “incredible tech.” Notably, the exchange highlights the growing anticipation within the SHIB Army as the ecosystem prepares for the launch of the TREAT token in less than three days. TREAT, short for “Transactional Rewards for Engagement and Access Token,” is designed to provide rewards and enhance user engagement across Shibarium’s various projects. The token is expected to debut on major exchanges, including Bitget, Gate, KuCoin, and MEXC. In a blog post on the same day, Kusama elaborated on the broader vision for the Shiba Inu ecosystem, introducing concepts like “36 Chambers of Tech” and “WHY Combinator.” According to Kusama, the ecosystem aims to compete with larger blockchain networks by developing a comprehensive technology stack that includes AI, Web3 games, a metaverse, decentralized identity solutions, and more. Kusama explained the significance of TREAT in this ecosystem, describing it as a utility token that will incentivize user participation through weekly “TreatDrops” and grant access to various features within the network. Despite the focus on TREAT, Kusama also reassured the community about BONE’s critical role as Shibarium’s gas token. He hinted at upcoming developments, including Layer 3 solutions and optimistic rollups, which could settle transactions directly on Shibarium, further increasing $BONE’s utility. “Imagine giving this utility to BONE,” Kusama said, comparing Shibarium’s potential to data availability layers like Celestia. He also teased new cross-chain capabilities facilitated by Chainlink integration, positioning Shibarium as a hub for future blockchain projects. That said, with nearly 800 million transactions processed, Shibarium is solidifying its place as a major blockchain contender, surpassing Cardano in volume. Kusama’s remarks underscore the ecosystem’s rapid progress and ambitious vision, setting the stage for significant growth in 2025. U.Today

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Ethereum Price Analysis: What’s Ahead for ETH After a 9% Weekly Dip?

Ethereum currently rests at a notable support region near $3.2K, with market participants closely observing the potential for a bullish rebound. The Funding Rates metric offers valuable insights into the sentiment within the perpetual futures markets, helping to gauge the likelihood of a recovery. Technical Analysis By Shayan The Daily Chart Ethereum has seen consistent declines following its rejection at the $4K resistance level, indicating the dominance of sellers. Most recently, another sharp decline pushed the price toward a substantial support zone, defined by the 100-day moving average of $3.1K. This dynamic support is critical as demand concentration near this region is expected to curb downward momentum, with a bullish rebound being plausible if buying interest emerges. Currently, ETH is trapped between the 100-day MA ($3.1K) and the $3.5K resistance level, forming a tight consolidation range. A decisive move in either direction will likely determine the mid-term trend. The 4-Hour Chart On the 4-hour timeframe, Ethereum broke down from an ascending wedge pattern, a bearish structure that typically signals further declines. This breakdown triggered a swift sell-off, pushing the price toward a support zone defined by the 0.5-0.618 Fibonacci retracement levels. This support zone has the potential to stabilize the price and possibly initiate a short-term bullish rebound. However, persistent bearish pressure could result in a break below this line, intensifying the downtrend. If Ethereum breaches this critical support zone, it may trigger panic selling, further strengthening sellers’ dominance. Conversely, a sustained rebound could pave the way for a recovery toward the $3.5K resistance level. Onchain Analysis By Shayan Examining the chart, the recent market correction has coincided with a significant decline in funding rates. This shift suggests growing bearish sentiment among speculators, with many traders betting on further decreases in ETH’s price. However, upon reaching the substantial support zone at $3K, the Funding Rates metric has started to show signs of recovery. A notable bullish spike in the metric suggests an influx of buying interest as market participants begin to open long positions in anticipation of a price rebound. If this recovery in funding rates continues, it could indicate sustained demand and the potential for a bullish rebound from the $3K support. On the other hand, if the current recovery loses momentum or reverses, it would signal a return to bearish sentiment, paving the way for a deeper correction. The post Ethereum Price Analysis: What’s Ahead for ETH After a 9% Weekly Dip? appeared first on CryptoPotato . U.Today