Expectations are high as Shibarium Beta is about to launch. In previous tweets, Shiba Inu lead developer Shytoshi Kusama likened shibarium to a “pine tree” that needs “water, sunlight, and suitable soil” to grow and will thrive even in the harshest of winters.
One SHIB user, “Nasty Shib,” shared a screenshot of the SHIB lead developer’s expectations of the potential and utility of the Shibarium L2 blockchain.
I look forward to more investors beginning to understand what I’ve called the “ecosystem” and “satellite” tokens for since the beginning.
Much like a tree, there will be larger and smaller branches of what is essentially Shibarium as a stem with #SHIB roots 💫🩶🧡❤️ pic.twitter.com/5Iz2Gr49em
— NastyShib 💫🤍🧡❤️ (@NastyShib) January 25, 2023
Along with the screenshot, the SHIB user wrote, “Similar to a tree, there will be larger and smaller branches of what is essentially Shibarium.” This could mean that the Shibarium potential is huge, as it is expected to will revolutionize the Shiba Inu ecosystem and crypto space.
According to the screenshot he shared, Kusama explained that projects like F9, Mbet, and other tokens would use Shibarium. Falcon 9 (F9) is a community project built on the Ethereum blockchain, while METABET (MBET) is a play-to-earn/gamefi casino ecosystem. MBET, the token of the Metabet project, is exclusively traded on Shiba Inus DEX, Shibaswap.
F9 token is currently tradable on Uniswap (V2) and ShibaSwap. However, Shibaswap currently accounts for 97.39% of trading volume.
Shibarium potential
Shibarium’s Layer 2 blockchain is being developed to serve various industry sectors such as Metaverse, Web3 innovation, and gaming.
As stated in a blog post, “Layer 2 is a collective blockchain that scales and invites solutions, innovation, and security into the decentralized finance space.”
This blockchain (L2) runs on the Ethereum blockchain using the SHIB ecosystem tokens (SHIB, LEASH and BONE).
Shibarium’s mainnet launch includes plans to integrate ShibaSwap into the platform, which would allow users, validators or delegators to access all staking and liquidity pools. This could also mean that tokens and projects on Shibaswap would leverage Shibarium for faster transaction times, lower fees, and an expanded development framework.
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