Shiba Inu Looks Back on 2024 Achievements and Strategic Advancements

Lucie, the marketing lead for Shiba Inu, has highlighted the significant advancements that have taken place in the cryptocurrency ecosystem this year.
Shiba Inu has achieved remarkable progress, from implementing new technological solutions to actively participating in key crypto events.
Lucie’s Recap of Major Shiba Inu Developments in 2024
In a recent post titled “2024 Recap,” Lucie, the marketing specialist for Shiba Inu, shed light on the major developments that have shaped the SHIB ecosystem this year.
Enhancement of Shibarium
One of the standout achievements is the enhancement of Shibarium, Shiba Inu’s Layer-2 scaling solution. The development team behind the Shiba Inu ecosystem executed significant upgrades to the L2 solution, boosting its efficiency and scalability.
These improvements were unveiled during the highly anticipated hard fork in May. Following the completion of the hard fork, Shibarium users now benefit from speedy transactions and predictable gas fees.
Shibdentity Initiative
Lucie also emphasized the launch of the Shibdentity initiative as another crucial development in 2024 for the Shiba Inu ecosystem. This project marks a significant step towards establishing a new era of digital identity within the Shiba Inu ecosystem.
Notably, Shiba Inu took substantial steps towards this goal by partnering with the well-known DNS provider, D3 Global.
Launch of SHEboshi
Additionally, Lucie pointed out the introduction 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 secured a listing on a centralized crypto exchange the next day.
Introduction of L3 Blockchain
The announcement of Shiba Inu’s upcoming privacy-focused L3 blockchain was another notable project on the list. In April, the Shiba Inu team revealed 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 expected to launch in Q3 2024, although no specific date has been set for the mainnet launch.
Token2049 Conference Participation
Lucie also highlighted Shiba Inu’s participation at the Token2049 conference in Dubai as a significant milestone for the cryptocurrency this year. In mid-April, Shiba Inu took part as a gold sponsor in the event, engaging with key industry stakeholders and even participating in a Polo Cup competition, albeit losing to Bitcoin.com. Besides the Token2049 conference, Shiba Inu sponsored and participated in the 2024 Web3 Summit in Dubai, held in mid-April.
ShibaSwap Transition to Shibarium
Lastly, Lucie mentioned the transition of Shiba Inu’s decentralized exchange, ShibaSwap, to Shibarium. According to The Crypto Basic, ShibaSwap successfully completed its migration to Shibarium in May, expanding the ecosystem’s reach and functionality.
Please note that this content is for informational purposes only and should not be construed as financial advice. The opinions expressed in this article are personal views of the author and do not necessarily represent The Crypto Basic’s stance. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic holds no responsibility for any financial losses incurred.