2024 Key Developments and Strategic Progress Reflected upon by Shiba Inu

Shiba Inu’s head of marketing, Lucie, has highlighted the significant advancements that have been made in the world of cryptocurrency this year.
The Shiba Inu project has seen remarkable progress, from the implementation of new technological solutions to its active involvement in crucial crypto events.
Lucie’s Recap of Major Shiba Inu Developments in 2024
In a recent post titled “2024 Recap,” Lucie, a marketing expert for Shiba Inu, shed light on the major developments that have taken place within the SHIB ecosystem this year.
Enhancement of Shibarium
One of the most notable achievements is the enhancement of Shibarium, Shiba Inu’s Layer-2 scaling solution. The development team behind Shiba Inu introduced significant upgrades to the L2 solution, boosting its efficiency and scalability.
These enhancements were unveiled through a highly anticipated hard fork in May. Following the completion of the hard fork, Shibarium users can now enjoy swift transactions and predictable gas fees.
Shibdentity Initiative
Another crucial development highlighted by Lucie is the Shibdentity initiative, which was launched in 2024. This project marks a significant step towards establishing a new era of digital identity within the Shiba Inu ecosystem.
Notably, Shiba Inu has taken significant steps towards this goal by partnering with the popular DNS provider, D3 Global.
SHEboshi Launch
Lucie also pointed out the launch of SHEboshi (SHEB) as a key development this year. SHEB is a collection of 20,000 Ethereum-based DN404 tokens. Launched in February 2024, the token quickly sold out in five minutes and was listed on a centralized crypto exchange the following day.
Introduction of L3 Blockchain
Shiba Inu’s upcoming privacy-focused L3 blockchain project is the fourth major project on the list. In April, the Shiba Inu team announced that they had raised $12 million to develop an L3 blockchain, with the upcoming TREAT token serving as its utility and governance token. The testnet version of the network is set to launch in Q3 2024, although the mainnet launch date has not been finalized.
Token2049 Conference
Lucie also highlighted Shiba Inu’s participation in the Token2049 conference in Dubai as a significant milestone for the cryptocurrency this year. As a gold sponsor of the event, Shiba Inu engaged with key industry stakeholders and even took part in a Polo Cup competition, where they were defeated by Bitcoin.com. Additionally, Shiba Inu sponsored and participated in the 2024 Web3 Summit in Dubai, held in mid-April.
ShibaSwap Transition to Shibarium
Finally, Lucie mentioned the transition of Shiba Inu’s decentralized exchange, ShibaSwap, to Shibarium. According to reports from The Crypto Basic, ShibaSwap successfully completed its transition to Shibarium in May. Lucie noted that this transition has expanded the ecosystem’s reach and functionality.
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