Shiba Inu: Shibarium Usage Could Serve as Catalyst for Unification

Shibarium would likely draw attention to Unification’s technology.

Corrected to clarify that Shibarium is not using BEACON, but some projects building to launch on the platform are.

The Unification Foundation is a team of developers that provides blockchain toolkits for traditional businesses and native Web3 projects. They are also the team behind the Unification blockchain and the Shiba Inu ecosystem’s Ethereum Layer 2 solution – Shibarium.

In a tweet yesterday, a prominent Unification validator, Ringoshi Tōitsu, outlined perceived catalysts for the Unification network. Notably, two of the four catalysts depend on massive Shibarium adoption that would highlight the benefits of Unification technology.

Upcoming catalysts for @UnificationUND; $FUND

•Liquid Staking Derivative — #LSD by @Weavr_Fi

•#UNoDE product beta release Q2-Q3

•Large scale utility/usage of UNoDE with #Shibarium-Mainnet

•#Beacon Deployments by dApps on Shibarium (staking FUND on UND-Chain earns from) pic.twitter.com/Md52CSuDxm

— Ringoshi Tōitsu (@RingoshiToitsu) March 29, 2023

As far as we know, Shibarium uses Unification’s Oracle of Oracles (OoO) and will use Unification’s UNODE—also, projects building for Shibarium, like WoofWork, will use BEACON. The OoO is touted as offering secure price feeds of on-chain and off-chain assets but with greater customizibility than the competition. UNODE promises to decentralize node operations for decentralized applications (DApps) on Ethereum Virtual Machine (EVM) compatible chains. Then BEACON provides immutability by time stamping databases to the Unification main network (mainnet).

UNODE is the only one that Unification has yet to release among the outlined products. As highlighted by Tōitsu, it is scheduled to launch in beta later this year.

Shibarium launched in beta earlier this month, as reported by The Crypto Basic. The Unification Foundation has disclosed that it still maintains a role as a lead technical and architectural advisor on the project.

Despite debunked claims that initially sparked fear, uncertainty, and doubt, the public test network (testnet) of the Layer 2 network has seen noteworthy growth. As reported by The Crypto Basic today, the network now boasts over 100,000 wallet addresses. In addition, it has also recorded over 121,000 transactions. Furthermore, Shiba Inu lead developer Shytoshi Kusama recently claimed that 500 validators are interested in joining the network.

Unification’s native token FUND is trading for $0.2512 at the time of writing, down over 5% in the last 24 hours.