On a weekly basis, the Shiba Inu is one of the top 20 most lucrative cryptocurrencies. On the other hand, Bitcoin, Ethereum, Cardano, and Ripple all had a negative result.
This is explained by the fact that the project’s principal developer, Shytoshi Kusama, recently provided an update on the project’s development. For example, he stated that the Shibarium layer 2 solution has achieved limited success in terms of interface and user-friendliness. These findings are not yet adequate to warrant an official beta test, but they are encouraging.
Kusama is also optimistic that the network-specific stablecoin SHIB will be relaunched this year. A separate decentralized protocol will be employed to avoid a TerraUSD-style collapse.
However, there is one site where work is being done slowly: SHIB Metaverse. To avoid a repeat of this issue, the project team will be enlarged as the project goes up the priority list.
TREAT, another token, will be added to the network. This is critical because it will be used across the Shiba Inu ecosystem in the future. In addition to the Shibarium, this contains the SHIB Metaverse, the Shiba Collectible Card Game, and the SHIB (Balance Provider).