Shiba Inu to Unveil New Layer-3 Network and Boost Token Utility

• Shiba Inu may soon introduce a layer-3 network to boost its platform, sparking new interest in the ecosystem.
• TREAT tokens, expected to enhance governance and utility, are central to Shiba Inu’s upcoming ecosystem developments.
• Lucie advocates decentralized finance and urges the Shiba Inu community to focus on security and move away from centralized exchanges.

Shytoshi Kusama, the lead developer of Shiba Inu, has announced significant changes to the SHIB ecosystem. These updates, expected next week, were shared at the Token 2049 conference in Singapore. Kusama hinted at the introduction of a new layer-3 network, sparking interest among Shiba Inu supporters. The development aims to address past issues and improve the token’s overall utility and governance.

TREAT Token’s Role in Shiba Inu’s Growth

A key part of the upcoming updates involves TREAT tokens, which were sold earlier this year in a credential sale that raised $12 million. These tokens are expected to play a crucial role in platform governance. Besides enhancing token utility, TREAT will support the development of new frameworks within the Shiba Inu ecosystem. Kusama’s recent updates suggest the tokens will gain further significance as the ecosystem evolves.

Shibarium’s Previous Impact and Future Outlook

Shiba Inu previously launched Shibarium, a layer-2 network, designed to increase transaction speed and lower fees. However, the platform’s mainnet struggled to attract significant interest. Now, a potential layer-3 network could address these shortcomings, potentially encouraging more users to engage with Shiba Inu. If successful, the new layer could provide additional use cases, strengthening the project’s appeal.

Lucie Advocates for Decentralized Finance

In a related effort, Shiba Inu’s marketing lead, Lucie, has urged the community to embrace decentralized finance (DeFi). She encouraged users to move away from centralized exchanges, citing recent hacks as a risk factor. Lucie highlighted the security benefits of using decentralized wallets and warned about scams. By promoting DeFi, Shiba Inu aims to enhance both security and engagement within its ecosystem.

As Shiba Inu prepares to launch its layer-3 network and expand the TREAT token utility, its future looks promising. With a focus on improving governance and security, the project seeks to move beyond its reputation as a meme coin. These developments are closely watched by the Shiba Inu community, eager to see how they reshape the platform’s growth trajectory.