In a recent post on X, Lucie, a marketing specialist for the Shiba Inu project, highlighted a crucial factor that could significantly impact the future of SHIB token burns.
Lucie emphasized the importance of adopting Shibarium, the layer-2 network designed for the Shiba Inu ecosystem. According to her, embracing Shibarium is the key to unlocking increased SHIB burns.
WE NEED TO USE #Shibarium
It won't burn $SHIB if you don't use it!Onboarding millions of people to Shibarium will take time and community effort.
More information about burns will be revealed in the upcoming documentation.
BUT it has been clearly explained in… pic.twitter.com/xjo27NlPP8
— ????? | ✨Shibarium✨ (@LucieSHIB) September 4, 2023
The adoption of Shibarium translates to more transactions taking place on the network. With higher adoption naturally comes higher traffic, and this surge in network activity brings about increased transaction fees.
Notably, Shibarium is committed to allocating a substantial 70% of its base transaction fees for Shiba Inu burns. The team has revealed how the network will realize this, but Lucie noted they would shed more light in an upcoming documentation.
Lucie also stressed that the last time Shiba Inu skyrocketed astronomically, it did that without any burns. She also emphasized that the asset had not commanded as much adoption as it does now.
Count on reliable sources and don't believe in lies.
That's how you truly understand things.
Read blogs that are respected, and don't pay attention to those who make up stories just to get noticed.
We are all about adoption.
Last $SHIB ATH was without any burn with little…— ????? | ✨Shibarium✨ (@LucieSHIB) September 4, 2023
Considering Shiba Inu’s growth over the past three years and the prospects of increased burns from greater adoption of Shibarium, Lucie believes “the next ATH could be interesting.”
A Potential Dilemma
However, while this development seems promising for SHIB token holders and the overall Shiba Inu ecosystem, it does introduce a potential dilemma.
The dilemma arises because higher fees could, paradoxically, reduce interest in the network. Shibarium was initially conceived as a solution to alleviate the exorbitant gas fees on the Ethereum network for the ecosystem.
If Shibarium also starts witnessing higher fees due to its own success, it might seem counterproductive and defeat its initial purpose.
As a result, a balanced approach to this situation is necessary. The community should hope for Shibarium‘s continued success while also recognizing the challenges it may face.
The prospect of higher fees is a testament to the network’s growing popularity and utility, but it also demands careful consideration from the developers. To address this dilemma, the Shibarium development team must remain proactive.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
