Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has laid out a strategic plan focused on driving mainstream adoption and enticing centralized exchange (CEX) support for Shibarium, Shiba Inu’s Ethereum Layer-2 solution. In an exchange on X, the team behind FEED (@feedcto), a Shiba Inu-based memecoin on the Shibarium network, raised concerns in regards to the lack of support from major CEXs.

Shiba Inu Mainstream Adoption Strategy

They highlighted a major barrier to growth via X: “Many traders who wish to take part in the Shibarium ecological meme project have given up because there isn’t a mainstream cex to support shibarium. […] Due to this fact, the query for our community members is, is there an answer to the above problems in your future plan for shibarium? If this problem might be solved, we consider that it’s going to make Shibarium greater.

Kusama addressed this concern by emphasizing the need of widespread adoption for Shibarium to draw CEX support, linking the platform’s usability on to its economic viability for exchanges. He explained, “What actually must occur for CEXs to adopt Shibarium is that the chain itself needs mass adoption. Adoption equals Traffic equals Revenue for them.” This formula, Kusama argues, is what drives CEX interest, as increased usage of Shibarium would naturally result in greater profitability and appeal for these exchanges.

He further argues that “CEXs are also constructing their very own L2s,” naming US based crypto exchange Kraken for instance. “So my focus is and stays on getting adoption for Shibarium and all things Shib through partnershibs, specializing in unique niches and getting revenue for the muse through the above so the community can work collectively on these issues,” Kusama added.

Delving deeper into the strategic efforts underway to boost Shibarium’s appeal, Kusama detailed that the primary two steps have already been taken developing the technology and the technical foundation like decentralized governance for it. The third step, “get adoption from Web 2 and scale,” remains to be in progress.

Kusama also expressed confidence within the potential for Shibarium’s breakout success, drawing parallels with other successful platforms:. He thinks that a real breakout token on Shibarium can have CEXs adopt it quickly, just like how they support networks like Polygon. “As noted above, I see many possibilities there. Keep in mind that Shibarium is comparable to Polygon, which many already support (I feel),” he remarked.

Feedback from community stakeholders like WOOF (@woofswap), a decentralized exchange on the Shiba Inu network, has been positive. They commended Kusama’s leadership and teased future developments: “Many tokens have also reached billions of market capitalization without being listed on Binance. Good job Shytoshi Kusama. Let’s announce some exciting news soon.”

Kusama continues to actively promote Shibarium’s adoption and potential through public engagements and social media. Reflecting on his recent participation at The Arabian Business party, he shared via X today, “Last night I used to be honored to talk at The Arabian Business party ‘Powered by Shib’. We stay up for chatting with all of the amazing businessmen and girls we met on the event [… ] I’ll be in Dubai the subsequent few days, closing some deals, and recording some content for you that’s coming soon.”

At press time, SHIB traded at $0.00002369.

Featured image created with DALL.E, chart from TradingView.com