Shibarium: Shiba Inu’s Layer 2 Network
It is a Layer 2 blockchain running on Ethereum. It focuses on developing metaverse, web3, and gaming. It is expected to be the place to develop new Shiba projects in the future.
Currently, Shibarium is in the testnet phase.
Shibaswap It is a DEX exchange operating on the AMM mechanism like Uniswap or Sushiswap. In addition to swapping assets on Shibaswap, users can also participate in other popular activities such as providing liquidity, staking, etc.
The TVL reached more than $1.8 billion at its peak period. Currently, it maintains at the level of $36 million.
Shiboshis – NFTs Collections
It is a collection of 10,000 Shiba Inu NFTs on Ethereum. It was released from 12/2022 with a mint price of 0.1 – 0.3 ETH.
Shiboshis holders can participate in the Social club – a secret group with benefits:
- Direct exchange with dev, team member.
- Alpha news from the project.
- Special rights from products in the ecosystem.
In addition, Shiboshis NFTs are an important part of Shiboshis game (to be released in the future). Each Shiboshis NFT has its own characteristics (Laser Eyes, Party Hat…) that increase the attributes of characters in the game such as: vitality, evasion, attack, luck, and skill.
SHIB – The metaverse
The metaverse will include 100,595 pieces of land, 36,431 of which will be unlocked for purchase during the introduction phase.
To buy land, users need to:
- Lock Shibosi or $LEASH to have the right to participate.
- Bid and pay with ETH.
Land pieces from the first phase are being traded around the price of 0.12E on Opensea.
SHIB – The metaverse is expected to be built on Shibarium.
Comments: Shiboshi and Shib Yard NFTs both have stable floor prices over the long-term downtrend + low unique holder ratios, reflecting a high level of speculation in these 2 Collections and expectations for projects being developed in the ecosystem.
Gaming Shiba Eternity is a card game. Players can collect cards and build battle strategies against other players. The game has had more than 100K downloads on Google Play Store and App Store.
Users can use Shiboshis to participate in the game.
Tokens in Shibarium ecosystem
- Total supply: 999,990,958,407,043
- Market cap: $7.7 billion
Currently, it is still a meme token and has no specific utility.
- Total supply: 107,647
- Market cap: $77 million.
A token representing the interests of the supporter, lock $LEAH to have the right to participate in projects: buy NFTs, buy land in the metaverse…
- Total supply: 250.000.000
- Market cap: 465M$
A governance token in the ecosystem + used as gas fees in the upcoming Shibarium network.
$TREAT: (Comming soon)
Shiba has a diverse ecosystem with projects in all fields such as Defi, NFTs, metaverse, gaming, layer2. However, the success is modest and not as loud as Shib token (Shibaswap, Shiba Eternity) which has gained much attention. Some projects are still potential (Shiboshis NFTs), while the most anticipated projects (Shibarium, Shiba – The metaverse) have not been launched yet.
However, Shiba’s upcoming projects can still have a significant impact on the prices of tokens in the ecosystem. The writer has compiled a watchlist for readers to easily follow here: