Shiba Inu’s marketing lead, Lucie, has highlighted the significant advancements made in the crypto world this year. From innovative technological solutions to active involvement in crucial crypto events, Shiba Inu has certainly made its mark.
Lucie’s Recap of Major Shiba Inu Developments in 2024
One of the standout achievements is the enhancement of Shibarium, Shiba Inu’s Layer-2 scaling solution. The development team behind Shiba Inu implemented substantial upgrades to Shibarium, resulting in improved efficiency and scalability. This progress was made possible through a highly anticipated hard fork in May, providing Shibarium users with rapid transactions and transparent gas fees.
Another noteworthy development in the Shiba Inu ecosystem this year is the introduction of the Shibdentity initiative. This project represents a significant step towards establishing a new era of digital identity within the Shiba Inu ecosystem. By collaborating with prominent DNS provider D3 Global, Shiba Inu has made significant strides towards achieving this goal.
In February 2024, the launch of SHEboshi (SHEB) marked a key milestone for Shiba Inu. SHEB, a collection of 20,000 Ethereum-based DN404 tokens, sold out within five minutes of its launch and secured a listing on a centralized crypto exchange the following day.
The announcement of Shiba Inu’s upcoming privacy-focused L3 blockchain is another notable project on the list. With a successful fundraising round of $12 million in April, the development of the L3 blockchain is in progress, with the upcoming TREAT token serving as its utility and governance token.
Shiba Inu’s participation at the Token2049 conference in Dubai was a significant achievement for the cryptocurrency this year. As a gold sponsor at the event in mid-April, Shiba Inu engaged with key industry stakeholders and took part in a Polo Cup competition, ultimately losing to Bitcoin.com. Additionally, Shiba Inu sponsored and participated in the 2024 Web3 Summit in Dubai, further solidifying its presence in the crypto community.
Lastly, the transition of ShibaSwap, Shiba Inu’s decentralized exchange, to Shibarium was highlighted by Lucie. Completing its transition in May, ShibaSwap’s move to Shibarium has expanded the ecosystem’s capabilities and reach.
Please note that the information provided is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are personal and do not necessarily reflect the views of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.
