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- Shibarium is thriving but will require more partnerships and internal support to sustain its growth.
- The Shiba Inu ecosystem is living up to the expectation of Ryoshi with community focused product launches.
Shibarium, the Ethereum-based Layer-2 scaling solution of the Shiba Inu project is growing. However, to sustain this growth, the community needs to pay attention to some important factors. Lucie, the Shiba Inu marketing lead shone the beam on the editorials of Edward Salomons who shared the “Musings on Crypto from an Economic Perspective.”
This work shared concepts that aligned with the visions of Shiba Inu founder Ryoshi. As outlined by the anonymous SHIB founder, the goal is to create a self-sustaining system with different elements solving unique problems. Shibarium, per its original plan, is designed to reduce cost and settlement times for transactions. This is such that it can fuel a sustainable economic growth.
Shibarium Growth Factors
Shibarium’s success is non-negotiable as a very important part of the broader Shiba Inu vision. According to Lucie, the advancement of partnerships on Shibarium is an essential growth catalyst. Judging by the trends of other established blockchain protocols, collaborations help expand a promising ecosystem.
Without developers, businesses, creatives available to utilize Shibarium for their respective products, the protocol might fade off soon. Understanding this, Lucie noted that the protocol’s core developers cannot compromise on this important factor.
As Edward Salomon noted in his piece, members of the Shiba Inu ecosystem are highly motivated. As a result, meeting their respective expectations with product launches is very significant to keep the ecosystem optimally functional. To keep up with these demands, Lucie noted that Shibarium will pay more attention toward boosting its utility and expansion.
As a decentralized project, achieving this expansion is not easy. Lucie noted that the goal is to lend the right support to projects building on Shibarium. While some networks only cater to the needs of big or renowned developers, the SHIB team will prioritize everyone.
However, considering the fact that resources are limited, this might impact on the scope of the support developers can gain access to. From our observation of Lucie’s social media interaction, it is worth noting that she has been paying serious attention to emerging projects in the ecosystem.
Key Milestones and Expected Future Products
As a project committed to serving its community’s needs, Shibarium has undergone many upgrades that make it highly usable. As we reported earlier, Shibarium saw its hard fork upgrade launch on the mainnet back in May.
This hard fork prepared the chain for more embrace as active users and transaction fees have grown massively as we discussed recently.
One of the major Shibarium update in recent times is the launch of the Card Collectible Game (CCG) Shiba Eternity. Based on our earlier analysis, Shiba Eternity is launching in closed beta with accessibility to LEASH holders. The Shiba Eternity game came with significant updates and will require new accounts from users to participate.
Ultimately, the goal is to ensure the Shiba Inu ecosystem thrives and return value to every SHIB holder.
