As the Shiba Inu ecosystem continues to expand, its upcoming developments for 2024 and 2025 are attracting significant interest from both investors and participants within the ecosystem. Lucy, Shiba Inu Marketing Manager, the summary Shibarium's roadmap was released via a post on X, detailing several key initiatives that promise to enhance and expand the scope of the project over the next two years. Below is a breakdown of each of these initiatives:
#1 ShibaSwap (version 1.75 followed by version 2.0)
ShibaSwap, the decentralized exchange (DEX) powering the Shiba Inu ecosystem, is set to undergo significant updates with the release of versions 1.75 and 2.0. These updates are expected to offer enhanced features for trading and liquidity provision and turn ShibaSwap into a fully-functional gateway portal, where users can track news, charts and data.
Version 1.75 will likely serve as a transitional update to prepare for the more fundamental changes envisioned in version 2.0. Recently, SHIB's lead developer Chitoshi Kusama teased via the official Telegram channel saying: “Very soon. 1.75 first.” Regarding ShibaSwap 2.0, he added: “That's when the fun starts. But he had to make the franc first.”
#2 Sheba Hub
The Shiba Hub is expected to be a new platform within the ecosystem, although specific details about its functionality are still limited. It is expected to serve as a hub for the community, integrating many of the services and features that are part of the Shiba Inu ecosystem. This can include forums, educational content, and direct integration with other Shiba Inu services such as SHIB: The Metaverse.
In a September 2023 post, Lucy noted that Shibahub would not be “just another app” but “a gateway to something extraordinary.” She added: “Imagine being part of a community that revolutionizes the way we communicate, share and create. With Shiba Hub, you have the opportunity to be at the forefront of innovation, and to be part of something that will leave a lasting impact.
Shiba Hub is not just another app. It's a gateway to something extraordinary.
Imagine being part of a community that is revolutionizing the way we communicate, share, and create.
With Shiba Hub, you have the opportunity to be at the forefront of innovation, and be part of… pic.twitter.com/GFzoqYRxxa
– 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) September 26, 2023
#3 Therapy Code
The introduction of the TREAT token represents a significant improvement in the Shiba Inu ecosystem. TREAT will not only serve as an ecosystem reward token to incentivize staking participation and liquidity pool, but will also serve as a dual-purpose governance and gas token on Shibarium's upcoming Layer 3 blockchain.
This critical role will allow TREAT to facilitate transactions and user interactions with decentralized applications (dApps) on the platform. In addition, the TREAT contract gives users voting rights, enabling them to help shape the development of the ecosystem.
#4 Sheba Eternity P2E
ShibaEternity is set to expand into play-to-earn (P2E) gaming. Building on the popularity of blockchain-based gaming, ShibaEternity will likely offer players the ability to earn rewards through gameplay, integrating it into the broader Shiba Inu token economy.
#5 SHIB: Metaverse
“SHIB: The Metaverse” aims to create a virtual reality platform where users can interact, trade and participate in activities within a digital world. This initiative reflects a growing trend among major cryptocurrency projects to create immersive virtual reality experiences tied to their native tokens.
In April 2022, the Shiba Inu team began “land bidding” for SHIB: The Metaverse. It's been two years since then, and a release date for SHIB: The Metaverse has yet to be set.
#6 K9 Liquid Staking Finance
K9 Finance Liquid Staking represents a move towards more flexible staking solutions within the Shibarium network. This feature will allow SHIB token holders to deposit their coins in a way that does not lock their tokens, allowing continued liquidity and market participation without sacrificing potential staking rewards.
#7 Shiba Inus Layer 3 Testnet
The rollout of layer 3 blockchain technology is scheduled to begin with a network testing phase in the third quarter of this year, followed by a mainnet launch based on rigorous testing and audits. This new layer aims to enhance transaction privacy through advanced encryption techniques, maintaining high speeds and low costs, while ensuring regulatory compliance for auditable private transactions.
The offering will also see the integration of the TREAT token, enhancing its utility as a governance token and gas token, which is critical to the operation and management of the new layer 3 blockchain.
#8 Fully Functional Decentralized Autonomous Organizations
Implementing fully functional Decentralized Autonomous Organizations (DAOs) for all tokens within the Shiba ecosystem is another important step towards decentralized governance for the Shiba Inu. “In addition, fully functional DAOs will be available to all tokens within the Shiba ecosystem,” Lucy revealed.
Token holders are more likely to have the ability to propose, vote on, and implement changes within the ecosystem, enhancing community engagement and decision-making processes.
At press time, SHIB was trading at $0.00002508.
Featured image of BTCC, chart from TradingView.com
