Alpha Layer juices up Shibarium’s adoption: here’s what perks this major upgrade brings to the SHIB Army’s table.
Shiba Inu’s (SHIB) developer team just dropped a bombshell, releasing the SHIB Alpha Layer. This upgrade revolves around a modular roll-up abstraction stack, which is anchored to the Shibarium Layer-2 chain via collaboration with ElderLabs.
Shiba Inu Alpha Layer: It’s All About The Code
Devs on Shibarium can now expect this all-in-one tool to cover multi-gas token support, provide Fully Homomorphic (FHE) integration through ZAMA with smart contracts ready for encrypted logic. This aligns with Shibarium’s growth to a Layer-3 settlement layer, adding functions like native interoperability and instant cross-chain bridging.
The Shiba Inu Alpha Layer promises no empty promises, but rather focuses on code to build decentralized applications (dApps) around the Shibarium ecosystem. So far, Shibarium is active with K9 Finance DAO & ShibaSWAP decentralized exchange (DEX) leading the charge in liquidity on-lock and activity on most days.
Can Shibarium’s TVL Fuel A 300% Bull Run?
Out of the $3.69 million in total value locked (TVL), $1.64 million is secured by the liquid staking derivatives (LSD) pioneering K9 Finance DAO. Meanwhile ShibaSwap DEX has $1.16 million locked in the TVL meter, while other popular exchanges like WoofSwap & Chewyswap contain $800K, according to DefiLlama’s real-time stats.
Previously, Shiba Inu’s price saw massive simultaneous green candles in December, 2024, when Shibarium’s total value locked clenched the $11 million mark. If the new Shibarium L2 upgrade lives up to the hype, a push towards $0.00003 could be realistic, taking the popular meme coin back to early December levels. However, the currently bearish conditions due to rising geopolitical tensions can stall this price projection from materializing.
According to Shiba Inu’s Marketing Lead Lucie S, this presents a perfect opportunity for Shibarium & cross-chain devs to carry on building, as “real warriors build through the bloodbath”. Certainly, the Spooky Friday 13th trashed quite a few resistance thresholds, but strong projects tend to grow their communities even through the roughest of crypto winters.
On The Flipside
Why This Matters
Building utility-based products on top of a meme coin is unconventional. In Shiba Inu’s case, Shibarium gives the growing community additional benefits like decision making and seamless app building with activity-based rewards.
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