• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Shiba Inu May Become a Failover Gas in the Ethereum Network

user avatar

by Giorgi Kostiuk

a year ago

A blockchain analyst considers Shiba Inu could play a significant role in the Ethereum ecosystem as a layer-2 solution.

The Importance of Shiba Inu in the Ethereum Ecosystem

The analyst notes that Shiba Inu, the network behind the SHIB memecoin, possesses the necessary traits to become a failover gas token on the Ethereum platform.

Characteristics of Shiba Inu

According to the analyst, Shiba Inu acts as a decentralized blockchain token with no management team and is the second-highest market-capped token on Ethereum after Ether.

Comparison with Other Protocols

The analyst compared Shiba Inu with other protocols in the Ethereum network. Solana employs two layer-2 solutions for EVM compatibility, while XRPL uses Ethereum smart contracts for the same purpose.

The analyst believes Shiba Inu has the potential to become a significant part of the Ethereum network as an alternative gas option, enhancing the platform's decentralization and resilience.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Spangle's Innovative AI Platform Revolutionizes Retail Personalization

chest

Spangle's AI platform transforms traditional ecommerce by creating dynamic, personalized shopping experiences using its proprietary ProductGPT technology.

user avatarNguyen Van Long

Spangle AI Ecommerce Startup Achieves $100M Valuation

chest

Spangle, an AI-powered ecommerce startup founded by former Bolt CEO Maju Kuruvilla, has tripled its valuation to $100 million after securing $15 million in Series A funding.

user avatarKofi Adjeman

PayPal Shares Decline Following CES Product Announcement

chest

PayPal's stock fell as investors reacted negatively to the company's new advertising platform unveiled at CES 2026.

user avatarSatoshi Nakamura

Ethereum Hits Record High in Transactions Per Second

chest

Ethereum has achieved a new all-time high in transactions per second (TPS), primarily driven by the adoption of Layer 2 rollups following the Fusaka upgrade.

user avatarJesper Sørensen

Valour's Pi Swedish Krona ETP Struggles in Market

chest

The Valour Pi SEK ETP has been on the market for five months but faces limited trading activity and muted price performance.

user avatarRajesh Kumar

GTreasury and Solvexia Integration Marks New Era in Corporate Finance Automation

chest

The integration of GTreasury and Solvexia introduces a new phase in corporate finance automation, enhancing compliance and reducing risks.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.