Shiba Inu's Shibarium Launch Boosts DeFi Growth and SHIB Price

Shiba Inu's Ethereum layer-2 blockchain, Shibarium, has gone live, aiming to attract users with low fees and a focus on financial services and gaming. The network will utilize SHIB, BONE, TREAT, and LEASH tokens for applications, potentially increasing their prices as demand grows. Shibarium is part of Shiba Inu's plan to establish itself as a serious blockchain project and player in decentralized finance. It also plans to explore metaverse and gaming applications, as well as serve as a cheap settlement for DeFi. The network will introduce a decentralized autonomous organization (DAO) called "DoggyDAO" to fund projects on Shibarium.