After a prolonged period of silence, Shytoshi Kusama, the lead developer of Shiba Inu, took to X, reiterating his steadfast commitment to the Shibarium community. In an announcement, the anonymous developer stated, “We FULLY intend to support the community. Hence the paper. Takes time, that’s all. But I think it’s time for my silence to end SOON.” This update was shared by Lucie, a team member, who expressed anticipation for what lies ahead, stating, “Exciting times ahead!”
A week prior to this statement, Kusama, alongside another developer Kaal Dhairya, issued warnings against trading the Calcium token, dismissing claims of substantial losses as mere FUD [Fear, Uncertainty, Doubt]. Kusama emphasized the team’s dedication to developing new products and advancing the technology of Shibarium.
After nearly a week of silence, a video clip recently shared by marketing strategist Lucie showcased an avatar of Kusama from the Shiba Inu Blockchain Futurist Conference Keynote. In the video, the lead developer of Shiba Inu hinted at an upcoming innovation—a “super app” named Shiba Hub. This app promises to invigorate the crypto community, seamlessly integrating with the distinctive Shibarium ecosystem. These super apps, according to Kusama, empower users to tailor their preferred features, protocols, projects, and connections.
Shiba Inu Project Lead Spoke On Shibarium’s Trajectory
Kusama also shed light on the token-burning process in Shibarium, emphasizing its dependence on usage. This highlighted the pivotal role of adoption within the Shibarium ecosystem. However, concerns surfaced regarding the delay of the native decentralized exchange [DEX] project, Shibaswap. The Shiba Inu developer clarified that this delay was intentional, providing room for other projects and tokens built on the Shibarium platform to thrive.
Amidst these developments, Shibarium’s market position faced scrutiny, with a slim margin separating it from Chainlink [LINK] in CoinMarketCap’s rankings. Additionally, the L-2’s DeFi TVL currently valued at $643,956 was a marked decline from its peak of over $1.42 million on August 30, causing unease among investors and enthusiasts.
As the Shibarium community eagerly anticipates further updates, Kusama’s commitment to transparent communication and continuous development remains paramount. His forthcoming message, as promised through Lucie’s tweet, holds the potential to provide crucial insights into Shibarium’s future trajectory, offering much-needed clarity amidst the uncertainties prevailing in the meme coin market.