Shiba Inu Leader Breaks Silence, Praises Shibarium Initiatives, and Focus on Burns

Shiba Inu's leader, Kusama, lauds Shibarium's innovative strides, emphasizing increased burns for SHIB tokens.

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In the realm of cryptocurrencies, Shibarium has emerged as a top player in then meme coin space. The supreme Shiba Inu dog has specifically thanked those who have worked on the Shibarium blockchain. Kusama expressed his admiration in a recent post to the Shibarium Telegram channel. Excited to see all the incredible projects.

Kusama noted his reticence in discussing the difficulties those working on valuable Shibarium-based initiatives encountered. But now he’s out of his shell and willing to acknowledge their efforts. “Finally, get out of quiet mode for all the amazing projects out there,” the Shiba Inu leader said.

Lucie, the Shiba Inu community’s content expert, recently sent a screenshot of Kusama’s X platform statement. The Shiba Inu development team has always supported initiatives using Shibarium, and Lucie only bolsters that belief. She clarified that contrary to appearances, the team does not ignore initiatives involving Shibarium.  The Shiba Inu representative pointed out that everyone on the team knows and appreciates Shibarium’s efforts. 

 

Shibarium-Based Initiatives

At least eleven decentralized exchanges and two Farm protocols are available on Shibarium, as reported by the top DeFi total value locked (TVL) aggregator, Defillama. The Crypto Basic listed five DEXs and one Farm protocol as of August 30. As a result, in less than two months after Shibarium’s relaunch, the DEX numbers have climbed by at least 50%.

There are several different DEXs out there, such as MARSWAP, ChewySwap, DogSwap, PunkSwap, WoofSwap, Shibex, Ball Exchange, LeetSwap, Woof Finance, Dalmatian, ComfySwap, and BoneDex. ChocoInu and ShibFi, on the other hand, are the top two protocols in Shibarium’s Farm. The total value of these projects is $693,401.

 

Higher Frequency of Use Indicates New SHIB Fires

A SHIB Army protested over the diminishing amount of SHIB burn as Kusama praised the construction of Shibarium. Kusama again stressed that the Shiba Inu tokens are not explosive on Shibarium’s own. In particular, he pointed out that increased utility means more SHIB burns due to increased Shibarium’s consumption.

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