debate within the crypto community. The aim is to drive SHIB’s value closer to $0.01 by creating a dual-token economy with Ethereum (ETH) as the main gas token and SHIB as a secondary option. This model, inspired by Solana’s fee-burning mechanism, would involve burning a portion of SHIB to reduce supply and increase scarcity.
However, some community members are cautious about the technical and structural complexities involved. Ethereum's Proof of Stake (PoS) system is designed around ETH as the primary gas token, making it difficult to integrate SHIB without significant changes to the network. Moreover, Ethereum’s developers would need to consider the potential impacts on network stability and the cost implications of altering the platform’s core infrastructure.
Given these challenges, the Shiba Inu community has increasingly focused on Shibarium, the project’s Layer 2 solution, as a more practical alternative. Shibarium already includes a burn mechanism within its transaction process, which reduces SHIB’s circulating supply over time. This approach aligns with the goal of increasing scarcity without requiring changes to Ethereum’s structure.
Shibarium’s activity in 2023 showed a significant increase, leading to a higher burn rate for SHIB. Many believe that growing transaction volumes on Shibarium could help SHIB reach its price target without the need for the complex integration with Ethereum.
Disclaimer: This is not financial advice. It is essential to research thoroughly and make informed investment decisions when dealing with crypto
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