81 days ago
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.
ZyCrypto
You can visit the page to read the article.
Source: ZyCrypto
Tags :
Cryptocurrency News SHIB SHIBA INU
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Peter Schiff Warns of Brutal US-Only Recession as Rest of World Ignites Massive Boom
Peter Schiff warns of a severe U.S. recession, predicting the rest of the world will boom as America faces economic isolation and mounting financial pressure. Peter Schiff: Global Explosion Coming as US Faces Brutal Recession in Isolation Economist and gold advocate Peter Schiff issued a dire forecast for the U.S. economy on April 3 in ZyCrypto
Avalanche And SUI Close In On Key Resistance – Are Breakouts The Catalyst For A Recovery?
Cryptocurrency markets are buzzing with excitement as Avalanche and SUI approach significant price barriers. Investors are keenly observing whether these coins will break through and trigger a market rebound. This article explores the potential growth of these digital assets and what it could mean for the broader crypto scene. Avalanche Shows Declining Momentum Within a Volatile Price Range Avalanche experienced a noticeable fall over the last month with prices dropping by 11.82% and a deeper decline of 29.78% over the past six months. The performance reflects ongoing weakness and bearish pressure in recent trading sessions. The price history underscores a period of consistent decline without strong recovery or upward momentum tracking these past periods. Currently, Avalanche trades between $14.37 and $24.15 with key levels to watch. Immediate resistance is set at $29.52 and support is found at $9.95, with additional barriers at $39.31 on the upside and around $0.173 below. Most indicators lean toward bearish pressure, with a lack of a distinct trend, suggesting traders consider entries near support and guard against false breakouts near resistance. Sui`s Volatile Journey: Upward Half-Year and Short-Term Dip A one-month drop of 10.88% contrasts with a half-year gain of 31.35%, revealing mixed performance. The asset experienced a noticeable correction after a sustained upward trend over six months. Price action over the short term reflects investor hesitation while the longer term shows optimism. The recent decline suggests a temporary pullback amid ongoing market adjustment, with fluctuating sentiment leaving room for a potential rebound. Current trading sees the coin priced between $1.74 and $3.03. Immediate resistance sits near $3.78, with further hurdles at around $5.07, and support is evident at $1.21. Bears exert slight pressure, indicated by modestly negative momentum and oscillator readings, while the neutral RSI hints at uncertainty. Trading ideas include watching for a clear breakout above $3.78 or a rebound from $1.21 for entry points. Conclusion AVAX and SUI are approaching significant resistance levels. If they break through these barriers, it could signal a positive shift in their market trends. Such breakouts often precede upward momentum, providing a potential catalyst for recovery in their values. Observing these movements is crucial for anticipating future price actions. Whether these coins can sustain their gains beyond these points is worth watching closely. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. ZyCrypto
DOGE
-
Could a Small MAGACOINFINANCE Bag Be Your Breakout in 2025?
29 dakika önce
BTC
-
Congress Debates New Rules for Stablecoin Regulation
50 dakika önce
