Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has laid out a strategic plan focused on driving mainstream adoption and enticing centralized exchange (CEX) support for Shibarium, Shiba Inu’s Ethereum Layer-2 solution. In an exchange on X, the team behind FEED (@feedcto), a Shiba Inu-based memecoin on the Shibarium network, raised concerns about the lack of support from major CEXs.
Shiba Inu Mainstream Adoption Strategy
They highlighted a significant barrier to growth via X: “Many traders who want to participate in the Shibarium ecological meme project have given up because there is no mainstream cex to support shibarium. […] Therefore, the question for our community members is, is there a solution to the above problems in your future plan for shibarium? If this problem can be solved, we believe that it will make Shibarium greater.
Kusama addressed this concern by emphasizing the necessity of widespread adoption for Shibarium to attract CEX support, linking the platform’s usability directly to its economic viability for exchanges. He explained, “What actually needs to happen for CEXs to adopt Shibarium is that the chain itself needs mass adoption. Adoption equals Traffic equals Revenue for them.” This formula, Kusama argues, is what drives CEX interest, as increased usage of Shibarium would naturally lead to greater profitability and appeal for these exchanges.
He further argues that “CEXs are also building their own L2s,” naming US based crypto exchange Kraken as an example. “So my focus is and remains on getting adoption for Shibarium and all things Shib through partnershibs, focusing on unique niches and getting revenue for the foundation through the above so the community can work collectively on these issues,” Kusama added.
Delving deeper into the strategic efforts underway to enhance Shibarium’s appeal, Kusama detailed that the first two steps have already been taken developing the technology and the technical foundation like decentralized governance for it. The third step, “get adoption from Web 2 and scale,” is still in progress.
Kusama also expressed confidence in the potential for Shibarium’s breakout success, drawing parallels with other successful platforms:. He thinks that a true breakout token on Shibarium will have CEXs adopt it quickly, similar to how they support networks like Polygon. “As noted above, I see many possibilities there. Remember that Shibarium is similar to Polygon, which many already support (I believe),” he remarked.
Feedback from community stakeholders like WOOF (@woofswap), a decentralized exchange on the Shiba Inu network, has been positive. They commended Kusama’s leadership and teased future developments: “Many tokens have also reached billions of market capitalization without being listed on Binance. Good job Shytoshi Kusama. Let’s announce some exciting news soon.”
Kusama continues to actively promote Shibarium’s adoption and potential through public engagements and social media. Reflecting on his recent participation at The Arabian Business party, he shared via X today, “Last night I was honored to speak at The Arabian Business party ‘Powered by Shib’. We look forward to speaking to all the amazing businessmen and women we met at the event [… ] I’ll be in Dubai the next few days, closing some deals, and recording some content for you that is coming soon.”
At press time, SHIB traded at $0.00002369.
Featured image created with DALL.E, chart from TradingView.com
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