The Shiba Inu ecosystem is advancing with several major updates this week. Shytoshi Kusama, the lead developer, teased a new partnership aimed at building intelligent infrastructure for Shibarium. Meanwhile, the SHIB ecosystem is also entering a new phase with the Alpha Layer update.
Shiba Inu Ecosystem Expands with Alpha Layer, New DEX, and Alliance
According to an X post by Shiba Inu Ecosystem team member, Lucie, development is underway even though details remain undisclosed. The step is a direction towards advanced services based on specific applications in the Shiba Inu ecosystem.
The biggest component of such a transition is the development of the Shib Alpha Layer. It is likely that this modular layer will be more customizable, have better privacy, and specialized environments that suit many applications.
TREAT token will function as the utility and reward token powering this layer’s operations. The Shiba Inu team member also confirmed that there’s a collaboration between Shib.Fun and Astra Nova.
The partnership is expected to bring new gaming-related functionality or metaverse integration to Shibarium. This alliance is a strategic move towards providing greater entertainment and user engagement.
Meanwhile, the Position DEX will go live later this month. It introduces decentralized trading on the Shibarium blockchain. The new DeFi product will allow users to trade, farm, and earn community-related incentives.
This product launch boosts the utility levels of the network. The interest in the Shiba Inu ecosystem is rising as it adds more initiatives and collaborations.
All these features help Shibarium to achieve the objective of building a multi-faceted, scalable blockchain. With partnerships forming and new platforms launching, the Shibarium framework is moving from concept to full functionality.
Meanwhile, in another notable development, Shiba Inu just upgraded its Shibarium developer hub with new tools. These included node guides and bridging tools.
BONE-SHIB Liquidity Pool Now Key to Sustaining SHIB Burns and Ecosystem Rewards
The Shiba Inu team is also urging holders to provide liquidity to the BONE-SHIB pool on ShibaSwap. According to an X post by another team member, @Shibizens, both versions of the pool on Shibarium are crucial for supporting ShibTorch token burns.
This specific liquidity pool plays a central role in SHIB burn activity. The more liquidity it holds, the more stable and frequent SHIB burns can occur. These burns help to decrease the Shiba Inu token supply and even make it more deflationary in nature.
Recently, the Shiba Inu community burned 1.31 billion SHIB tokens to boost the token’s long-term scarcity. Liquidity not only supports this ecosystem but also enables the participants to earn swap fees. Both BONE and SHIB are native tokens that play significant roles regarding governance, transactions, and infrastructure of the Shiba Inu network.
Paul
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
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