The Shiba Inu team announced on X that Shibarium now serves as a foundational layer for governance, DAOs, NFTs, and real-world applications, expanding its original L2 scaling function.
Shibarium, initially a Layer 2 scaling solution on Ethereum, has been repositioned by the Shiba Inu team as a decentralized infrastructure platform. It now supports on-chain governance, DAOs, NFTs, and other applications. Additionally, WoofSwap has proposed updates to improve scalability, cross-chain speed with near one-minute finality, smart contract efficiency, and tokenomics through community input, emphasizing a future of enhanced decentralization.