Shiba Inu’s Shibarium Is More Than A Layer 2, Expert Reveals What It Is

Source Newsbtc

Shiba Inu’s blockchain platform, Shibarium, is reportedly stepping beyond its original role as a  Layer 2 (L2) scaling solution. In a recent announcement, the development team revealed that Shibarium is now positioned as the core infrastructure for a decentralized, community-led future, highlighting its broader functionality and long-term vision for the evolving ecosystem.

Shibarium Evolves Beyond Layer 2 Solution

On August 4, the Shiba Inu team behind Shibarium clarified in an X social media post that the platform is more than just a Layer 2 scaling solution. They described it as a robust infrastructure designed to power a fully decentralized, community-driven ecosystem. This positioning marks a strategic expansion of Shibarium’s role in the broader blockchain space, emphasizing its importance as a foundational layer for both innovation and governance. 

Initially introduced as a Layer 2 built on the Ethereum blockchain to provide scalable and low-cost transactions, Shibarium’s evolution reflects a deliberate shift towards multifunctional utility. The team has outlined the platform’s capacity to support on-chain governance structures, Decentralized Autonomous Organizations (DAOs), Non-Fungible Tokens (NFTs), and real-world applications. This indicates Shibarium’s readiness to serve as a multi-purpose blockchain ecosystem rather than a single-purpose scaling solution. 

Another key component highlighted by the Shiba Inu team is Shibarium’s ability to allow developers to build freely on the network while empowering communities to govern their protocols independently. This dual emphasis on infrastructure and self-governance aligns with the core principles of decentralization, giving Shibarium the potential to become a breeding ground for next-generation blockchain applications. 

Compared to other Layer 2 solutions that primarily focus on throughput and transaction fees, the Shiba Inu team notes that Shibarium integrates the above features within a framework geared toward long-term sustainability and utility. In doing so, the team presents Shibarium as a dynamic platform where resilience and innovation converge to support a decentralized future. 

WoofSwap Proposes Major Updates For Shibarium

WoofSwap, a key community voice within the Shiba Inu ecosystem, released a set of reform proposals on X, aimed at enhancing Shibarium’s scalability, utility, and overall appeal. At the center of the suggestions is a potential revision to the 20 million BONE token allocation, with WoofSwap urging community input to fine-tune the distribution. 

Related Reading: Shiba Inu Bearish Reversal Setup Says Dump Below $0.000013 Is Coming

Alongside tokenomics adjustments, the proposal targets technical improvements such as optimizing cross-chain speed to achieve a near one-minute transaction finality, positioning Shibarium as a faster and more competitive Layer 2 network. Other key technical refinements include streamlining smart contracts to lower Ethereum gas fees and expanding support for trendline cross-chain tokens. 

Beyond infrastructure, the proposal addresses governance and engagement for Shibarium. Decentralization also remains a priority, with a call to gradually open validator nodes while maintaining strict security standards. WoofSwap also urged influencers to be more cautious with their public roles, highlighting the need for credibility as Shibarium evolves.

Shiba Inu
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
AUD/JPY Price Forecast: Retains positive bias above 98.50 amid fiscal expansion betsThe AUD/JPY cross extends its upside to around 98.80 during the early European session on Wednesday.
Author  FXStreet
11 hours ago
The AUD/JPY cross extends its upside to around 98.80 during the early European session on Wednesday.
placeholder
Analysts compare Bitcoin to the Soybean crash, predict sharp moves aheadAnalyst notes that the BTC price movement mirrors the Soybean price ahead of its 1977 crash, when it declined 50% in value.
Author  FXStreet
11 hours ago
Analyst notes that the BTC price movement mirrors the Soybean price ahead of its 1977 crash, when it declined 50% in value.
placeholder
Forex Today: Pound Sterling drops on soft UK inflation dataPound Sterling (GBP) weakens against its major rivals early Wednesday as markets assess softer-than-expected inflation data from the UK.
Author  FXStreet
13 hours ago
Pound Sterling (GBP) weakens against its major rivals early Wednesday as markets assess softer-than-expected inflation data from the UK.
placeholder
USD/CHF clings to gains near 0.7970, focus shifts to US CPI dataThe USD/CHF pair trades firmly near Tuesday’s high around 0.7970 during the Asian trading session on Wednesday.
Author  FXStreet
15 hours ago
The USD/CHF pair trades firmly near Tuesday’s high around 0.7970 during the Asian trading session on Wednesday.
placeholder
Top 3 Price Prediction: BTC struggles below key resistance, ETH and XRP eye further weaknessBitcoin (BTC) price steadies around $108,500 at the time of writing on Wednesday, after facing rejection from the key resistance level the previous day. Ethereum (ETH) and Ripple (XRP), following BTC’s footsteps, are signaling weakness and hinting at a correction ahead.
Author  FXStreet
15 hours ago
Bitcoin (BTC) price steadies around $108,500 at the time of writing on Wednesday, after facing rejection from the key resistance level the previous day. Ethereum (ETH) and Ripple (XRP), following BTC’s footsteps, are signaling weakness and hinting at a correction ahead.
goTop
quote