Crypto News – Shiba Inu’s project head, Shytoshi Kusama, was listed on a distinguished list of the most significant crypto figures in 2023, in recognition of yet another accomplishment—the August launch of the Shibarium network.
According to Shiba Inu Leader Kusama, SHIB has Only Just Begun DeFi
Shytoshi Kusama expressed gratitude for the honor and the strong support of the SHIB community. In addition, the mysterious leader stated that the Shiba Inu community is “just getting started” on its journey into the DeFi domain and that the introduction of Shibarium is merely an initial step.
Shibarium has achieved exceptional success in its early days. First and second burns with gas fees on the network have already been started by the team. As one of the most used chains in the ecosystem, the project has achieved over 100 million transactions in just four months. Concurrently, a significant amount of capital has been drawn to the Shibarium DeFi ecosystem. Nearly $900,000 is locked up in various protocols for this project, most of which are put on decentralized exchanges, according to statistics from DeFiLlama.
Kusama Aims to Increase Commitment to DeFi
Kusama stated that Shiba Inu aims to show the actual potential of decentralization, in addition to strengthening its commitment to DeFi.
I look forward to showing the world that decentralization is the key to onboarding the next billion users into a grown-up version of Web3.
Kusama
With its native asset, SHIB, having a market cap of $5.09 billion, the Shiba Inu ecosystem is undoubtedly already among the most valuable in the cryptocurrency space. As of this writing, the token’s price is $0.000001035, a 2.23% decrease that represents the overall pessimistic situation of the cryptocurrency market at the beginning of the week.
Leave a comment