As per a communication within Shiba Inu’s Shibarium Telegram community, Shytoshi Kusama, the project’s lead developer, is currently engaged in conversations regarding the incorporation of Shibarium, the project’s layer-2 network, into centralized exchanges (CEXs). In response to a query from SHIB community member Doc AB about the possibility of integrating the chain with exchanges, Kusama indicated that the team is in discussions with some new collaborators.
This response implies that the team is actively exploring the integration of Shibarium with centralized exchanges.
Shiba Inu’s Valuation: Exploring the Relationship Between Shibarium Integration and Price Movement
Shibarium experienced initial challenges during its mid-August launch due to high traffic, causing a temporary network pause. Despite this rocky start, the layer-2 network has operated smoothly since, accumulating almost 4 million transactions and over 1.2 million addresses, with the creation of over 1.6 million blocks, as indicated by Shibariumscan data. Despite these impressive metrics, widespread adoption, as initially anticipated, has not materialized. However, recent integration efforts, such as the partnership with the Turkish crypto exchange Bitcointry, demonstrate potential avenues for increased adoption.
Integration with more centralized exchanges could serve as a catalyst for broader adoption of Shiba Inu’s (SHIB) Shibarium. The recent collaboration with Bitcointry enables users to deposit and withdraw assets using the SHIB network. The hope is that as more exchanges adopt Shibarium, a growing number of users will engage with the network for transactions. This increased usage could, in turn, contribute to a surge in adoption, potentially influencing an upward trajectory in SHIB’s price.
Shiba Inu (SHIB) stands as one of the most widely recognized crypto tokens, transforming early adopters into millionaires and, in some instances, billionaires. Despite a slowdown in performance after reaching its peak of $0.00008616 in October 2021, enthusiasts and users remain optimistic, anticipating a potential rally reminiscent of SHIB’s performance in 2021