Shiba Inu’s Amazing Ecosystem will Make the 0.001 Dream Come True

The Shiba Inu team is composed of experienced developers and cryptocurrency enthusiasts who are committed to building a world-class ecosystem.

The Shiba Inu team has also embarked on building a powerful blockchain ecosystem. Shiba Inu has already released key products like ShibaSwap, the BONE, and LEASH tokens. There is also the metaverse product, Shiberse, which is also coming up soon. The Shiba Inu has also announced the coming of the widely anticipated Shibarium. This is a Shiba Inu layer-2 solution that will address the issue of scaling and the high gas fee on the Ethereum chain. The Shibarium scaling protocol is expected to increase the adoption of the Shiba Inu network, which will grow the ecosystem. The Shiba Inu team is composed of experienced developers and cryptocurrency enthusiasts who are committed to building a world-class ecosystem. Another metric to pay attention to is its hiring rate. In the past three months, Shiba Inu has onboarded advisors and specialists having prominent roles in Sony and Technicolor. This signifies that Shiba Inu is taking their metaverse initiative very seriously.

What is Shibarium?

Shibarium is a blockchain/layer-2 solution first proposed by Ryoshi, the creator of Shiba Inu Coin. Once it launches, SHIB tokens will be migrated to the L2.

Ryoshi initially used the phrase blockchain, Shibarium is more likely to be an L2 that sits on top of an already existing (Ethereum) blockchain. The SHIB creator said: "The line between an L2 and own blockchain is thin, I mean what is the difference really between Matic L2 and BSC?"

It's worth noting here that Shibarium is not its blockchain, nor does it mean there is a Shiba Inu 2.0 token coming. SHIB will remain connected to Ethereum.

One of the primary goals will be to lower transaction fees for those in the Shiba ecosystem.

Ryoshi first said that Shibarium's transaction fees will be minimal, or even zero. Speaking on the Shiba Discord, Shytoshi Kusama, the Shiba Project Lead, said "Shibarium will offer low fees for every service, game or whatever that builds on it."

What is ShibaSwap?

ShibaSwap is a new decentralized exchange (DEX) that allows users to trade a variety of digital assets in a trustless and secure manner. The platform is built on the Ethereum blockchain and utilizes the 0x protocol to provide a decentralized, trustless exchange experience.

ShibaSwap's objective is to provide a secure exchange for cryptocurrencies while still keeping it decentralized. ShibaSwap is supported by several coins. Three tokens—Shiba Inu (SHIB), Doge Killer (LEASH), and Bone (BONE)—power the ShibaSwap platform. These three coins work together to promote an open, dependable, and profitable ecosystem.

ShibaSwap is a user-friendly DEX.  It provides two drop-down menus for the cryptocurrencies you would like to swap.

Why are Shiba Inu investors so pumped about Shibarium?

The layer-2 solution will bring several benefits to the table. Most importantly, the launch of Shibarium will usher in lower transaction fees. SHIB is built on top of the Ethereum (ETH 3.98%) blockchain. As a result, its gas fees have been much higher than anyone would like. The developers behind Ethereum are working to address the issue with a major upgrade. However, Shibarium could solve the problem for Shiba Inu even more quickly.

Another thing that Shiba Inu investors eagerly await is a burning mechanism. There are currently over 549 trillion SHIB tokens in circulation. The only way to reduce this number is to burn existing tokens.