Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, presented a strategic plan focused on mainstream adoption and centralized exchange (CEX) support for Shibarium, Shiba’s Ethereum Layer-2 solution Inu. In an exchange on
Shiba Inu mainstream adoption strategy
They highlighted a significant barrier to growth through (…) Therefore, the question for our community members is: is there a solution to the above problems in your future plan for the shibarium? If this problem can be fixed, we believe it will make the Shibarium larger.
Kusama address this concern by highlighting the need for widespread adoption of Shibarium to attract CEX support, directly linking the platform’s usability to its economic viability for trading. He explained: “What really needs to happen for CEXs to adopt Shibarium is that the chain itself needs to see mass adoption. Adoption equals traffic equals revenue for them. According to Kusama, this formula is what sparks interest in CEX, as increased use of Shibarium would naturally lead to greater profitability and appeal for these exchanges.
He further claims that “CEXs are also building their own L2s,” naming a US-based crypto exchange. Kraken as an example. “So I am and remain focused on adopting Shibarium and all things Shib through partners, focusing on unique niches and gaining revenue for the foundation through the above so that the community can work collectively on these issues,” Kusama added.
Delving further into the ongoing strategic efforts to strengthen Shibarium’s appeal, Kusama detailed that the first two steps have already been taken to develop the technology and technical foundations such as decentralized governance for that. The third step, “adopt Web 2 and evolve,” is still in progress.
Kusama also expressed confidence in the potential of The resounding success of Shibariumdrawing parallels with other successful platforms:. He believes that a true disruptor token on Shibarium will allow CEXs to quickly adopt it, the same way they support networks like Polygon. “As noted above, I see many possibilities here. Remember, Shibarium is similar to Polygon, which many already support (I believe),” he noted.
Feedback from community stakeholders like WOOF (@woofswap), a decentralized exchange on the Shiba Inu network, has been positive. They praised Kusama’s leadership and discussed future developments: “Many tokens have also reached billions in market capitalization without being listed on Binance. Good job Shytoshi Kusama. Let’s announce some exciting news soon.
Kusama continues to actively promote the adoption and potential of Shibarium through public engagements and on social media. Reflecting on his recent participation in The Arabian Business evening, he common via We can’t wait to talk to all the amazing businessmen and women we met at the event (…) I’ll be in Dubai in the next few days, closing some deals and recording some content for you which will be available soon.
At press time, SHIB was trading at $0.00002369.
Featured image created with DALL.E, chart from TradingView.com