Kusama has led the SHIB developers to take on his vision of creating “a perpetual, decentralized, “network state” with a focus on dominating the DeFi (decentralized finance) faction of the crypto industry, they wrote. The team launched Shibarium, an Ethereum layer-2 blockchain, in August, expanding the SHIB token’s use cases from an object of speculation to a cost-effective means of settlement for DeFi applications built on the network.



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