The much-awaited Shibarium network saw over 21 million wallets created during its testnet and is expected to position Shiba Inu as a serious DeFi contender.
Shibarium hopes to lure users to a low-fee ecosystem focused mainly on financial services and gaming.
Shiba Inu developers on Wednesday were set to push live the much-awaited Shibarium blockchain, an Ethereum layer-2 network that uses SHIB tokens as fees, a representative told CoinDesk. But developers are now giving its tokens more utility by way of the Shibarium network, seeking to become a player in decentralized finance, or DeFi.
A “DoggyDAO,” a decentralized autonomous organization run and governed by token holders, will be introduced at the time and used to fund projects building on Shibarium.during a testing phase – could mean Shibarium quickly sees brisk network activity after going live.
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