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Shibarium network aims to onboard 1000 projects amid growth

In this post:

  • Shiba Inu’s marketing head, Lucie, announces plans to onboard 1,000 projects onto the Shibarium Layer-2 network.
  • Shibarium has gained significant traction since its August 2023 launch, attracting major projects and crypto exchanges.
  • Strategic partnerships are a key focus for Shibarium, aiming to enhance network adoption and utility.

 

The Shiba Inu ecosystem, led by marketing head Lucie, has unveiled ambitious plans for the Shibarium Layer-2 scaling solution. Announced through a post on the X platform, the goal is to onboard 1,000 projects to Shibarium, reflecting a significant push towards broader adoption and network growth.

Lucie unveils Shibarium’s strategic growth plan

Since its launch in August 2023, Shibarium has rapidly gained traction within the cryptocurrency community. A range of projects such as MARSWAP, ChewySwap, DogSwap, PunkSwap, Shibex, WoofSwap, LeetSwap, Woof Finance, BoneDex, and Ball Exchange have shown interest in the network. Additionally, plans from K9 Finance (K9) to join Shibarium highlight the growing appeal of the platform. The support from prominent crypto exchanges like Gate.io and GroveX further underscores this surge in interest.

Lucie’s vision for Shibarium goes beyond just increasing the number of projects. Strategic partnerships with leading firms are also a priority, aiming to enhance the network’s adoption and utility. These partnerships are crucial in establishing Shibarium as a dominant player in the Layer-2 space.

Shibarium’s performance has been notable, with the network processing between 1.7 million to 7.5 million transactions daily over seven consecutive weeks. This led to a milestone of over 300 million total transactions, with the current count at 317.45 million. The network has also minted 2.88 million blocks, maintaining an average block time of 5.0 seconds.

Despite these achievements, the total value locked (TVL) on Shibarium has experienced fluctuations. After reaching a high of $1.3 million shortly after its public relaunch, the TVL has declined to approximately $803,084. This downturn reflects the broader impact of the recent crypto market slump on Shibarium and its associated tokens.

Lucie’s response to the current market conditions emphasizes resilience and prudence. Addressing the Shiba Inu community, she urged patience and strength during these challenging times. Highlighting the importance of due diligence, Lucie advised investors to commit only what they can afford to lose, given the inherent risks and volatility in the crypto market.

Maintaining investor confidence and safety

Lucie’s advice to the community is timely and prudent in light of the volatile nature of cryptocurrency investments. Her emphasis on thorough research before investing in tokens is a reminder of the importance of informed decision-making in the crypto space. Additionally, the advice to invest only what one can afford to lose is a caution against overexposure in a market known for its unpredictability.

The Shibarium team’s commitment to expanding the network while ensuring investor safety and confidence is evident. The planned onboarding of 1,000 projects, coupled with strategic partnerships, signals a robust growth trajectory for the network. At the same time, the team’s focus on community education and risk awareness underscores their dedication to fostering a sustainable and responsible ecosystem.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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