Emily Walker
Shytoshi Kusama, the anonymous lead developer behind Shiba Inu, has unveiled a strategic initiative aimed at promoting mainstream acceptance for Shibarium, the Ethereum Layer-2 solution for Shiba Inu. During a discussion on X, the FEED team (@feedcto), which is associated with a Shiba Inu-themed memecoin on Shibarium, voiced worries regarding the insufficient backing from prominent centralized exchanges (CEXs).
Strategy for Mainstream Acceptance of Shiba Inu
The FEED team pointed out a major hindrance to progress on X: “Numerous traders eager to engage with the Shibarium-based meme project have become frustrated due to the absence of support from major CEXs. […] Hence, we ask our community: is there a remedy for these issues in your forthcoming agenda for Shibarium? If resolved, it could significantly elevate Shibarium.”
Kusama responded to these issues by underscoring the importance of widespread use of Shibarium to lure CEXs, stating that the platform’s effectiveness is intrinsically linked to its economic attraction for exchanges. He stated, “For CEXs to embrace Shibarium, there must be mass adoption. More users lead to more traffic, which translates to revenue for them.” According to Kusama, enhanced usage of Shibarium is crucial for increasing exchange interest, profitability, and overall attraction.
Additionally, he noted that “CEXs are developing their own Layer-2 solutions,” and pointed to Kraken, a U.S.-based cryptocurrency exchange, as a key example. He reiterated his commitment to fostering Shibarium’s adoption through partnerships, concentrating on specific niches to generate revenue for the foundation, enabling collective community engagement on these matters.
Kusama elaborated on the ongoing strategies to boost Shibarium’s attractiveness, revealing that the initial two phases—technology development and establishing decentralized governance—have been completed. The third phase, which focuses on growing adoption from Web 2 and expanding, is currently in progress.
He also conveyed optimism regarding Shibarium’s potential for significant growth, drawing comparisons to other successful blockchain platforms. He is confident that any standout token on Shibarium will attract quick CEX support, similar to networks like Polygon. “I see numerous possibilities here. Remember that Shibarium is akin to Polygon, which already enjoys significant support,” he concluded.
Community feedback has been enthusiastic, particularly from stakeholders like WOOF (@woofswap), a decentralized exchange on the Shiba Inu network. They praised Kusama’s leadership while hinting at upcoming news: “Many tokens have achieved billion-dollar market caps without listing on Binance. Well done, Shytoshi Kusama. We can’t wait to share some exciting updates soon.”
Kusama remains proactive in promoting Shibarium’s potential through public appearances and social media interactions. He recently reflected on his involvement in The Arabian Business party, stating on X, “I was honored to speak at The Arabian Business party ‘Powered by Shib’ last night. We anticipate further discussions with the remarkable businesspeople we met there. […] I’ll be in Dubai for the next few days to finalize some collaborations and create new content for you soon.”
As of now, SHIB is priced at $0.00002369.