Shiba Inu’s lead developer, Shytoshi Kusama, has spoken out to assure the community amidst concerns about the low total value locked (TVL) on Shibarium. In a recent Telegram post, Kusama addressed the issue, urging patience and emphasizing the importance of broadening the community’s perspective beyond TVL alone.
Numerous Shibarium users have become apprehensive as the TVL on the platform remains comparatively low. However, Kusama dismisses these concerns, attributing them to the community’s tendency to fixate on trends.
In his post, he encourages members to adopt a mindset that diverges from the mainstream and appreciates the value of patience and observation. According to Kusama, these qualities serve as the keys to success during challenging times.
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Avoiding the “Magician’s” Trap
Kusama cautioned against the pitfall of excessively focusing on a single metric, such as TVL, which can lead to vulnerability to misleading impressions. By broadening their outlook, users can avoid falling prey to what Kusama refers to as the “magician’s” tricks.
Relative Age Impacts TVL
Lucie, Shiba Inu’s Marketing Strategist, shed light on one of the primary factors contributing to the lower TVL on Shibarium – its relative age compared to other platforms in the ecosystem.
As a scaling solution, Shibarium has ambitious plans to bolster its competitiveness in the market. These include facilitating the launch of new applications on the protocol and maintaining a steady SHIB burn campaign to enhance value across the broader Shiba Inu ecosystem.
#Shibarium ( it’s still newborn ) performance $BONE pic.twitter.com/bkxP8svvVR
— 𝐋𝐔𝐂𝐈𝐄 | ✨Shibarium✨ (@LucieSHIB) October 22, 2023
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Looking Ahead: The Ultimate Shibarium Plan
Despite currently lagging behind its peers in TVL, Shibarium remains in its early stages of development. The team vigorously works towards scaling the chain and attracting new applications to fuel growth and enhance the platform’s potential. While uncertainties persist, the community is urged to display patience and unwavering support to ensure the continued progress and maturation of Shibarium.
Shibarium’s Unique Selling Proposition
Shibarium distinguishes itself from other Layer-2 solutions through its steadfast commitment to decentralization. The project’s development is predominantly driven by a community of volunteers and overseen by a decentralized autonomous organization (DAO).
This emphasis on decentralization resonates with many Shiba Inu investors who are drawn to the project’s egalitarian ethos. Furthermore, it establishes a distinguishing factor within the Layer-2 market, characterized by the prevalence of projects controlled by centralized teams.
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