Shibarium may get a major revamp that will enable stakeholders within the Shiba Inu ecosystem launch new tokens to complement the utility of SHIB.
Shibarium, the Layer-2 blockchain for Shiba Inu (SHIB), is set to shake up the platform, which could improve user experience. In a post shared with the SHIB community on X, Shibarium Updates hinted at a new ecosystem that would transform token launch.
Potential Impact and Risks of the Shibarium Upgrade
Notably, the new upgrade will transform how tokens are launched on Shibarium. For instance, users can explore newly launched tokens on Shibarium, while those seeking to explore, invest, and launch can do so easily.
As per the announcement, the game-changing upgrade will have two notable features: a Token Tinder for voting and discovery and a token creation tool.
🚀 Something New is Brewing on Shibarium!
Shibarium is getting ready to take token launches to the next level! Whether u want to discover, invest, or launch the next big thing, we’ve got u covered.
🔹 Pump Tokens – Explore newly minted tokens, cast ur vote on Token Tinder, and… pic.twitter.com/vdPglVBUFL
— Shibarium Updates 📢 (@Shibizens) March 16, 2025
The Token Tinder suggests a voting mechanism that hints at similarity with the social media application. Users would vote by swiping right or left to support or oppose a proposed project in the ecosystem.
The aim is to help users spot trending tokens even before they gain traction in the crypto space. Through the voting opportunity, they would contribute to the token’s ratings.
The second feature offers users a simplified token creation tool. With it, users can create and deploy new tokens on Shibarium. This mirrors how the Solana-based Pump.Fun functions.
The advantage of the new upgrade is that users can create and deploy the created tokens on Shibarium with little or no technical barriers. Experts say this suggests that there could be a “no code or low code tool” to facilitate users’ easy launching of the token.
SHIB’s Market Reaction and Growing Adoption
Analysts opine that the development could position Shibarium as a hub for new crypto projects as the launch of tokens becomes seamless. Notably, the community would drive engagement and might boost the number of tokens in the ecosystem.
However, technical experts have cautioned about the potential for malicious actors to leverage this feature. These actors could pretend to launch tokens meant to defraud users in the ecosystem.
Worth noting, though, is that the upgrade has not gone live. “Coming Soon… Get ready to explore, invest, and build like never before!” Shibarium Updates wrote in the announcement.
Market observers consider the development part of efforts to promote the adoption of Shibarium and increase transactions on the protocol. Making the process of creating and launching a token easy might encourage more tokens on the blockchain.
Such adoption could also positively affect SHIB’s value. As of this writing, SHIB is changing hands at $0.00001305, representing a 2.54% increase in the last 24 hours. This is significant for SHIB as it continues its recovery journey upward.
The trading volume has also recorded a massive uptick of 146.96% to $360.07 million.
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