Amid speculation on the launch of TREAT, Shiba Inu chief developer Shytoshi Kusama praised TRON's Sun Yuchen, commending the milestone achievements of the blockchain.
Shiba Inu's chief developer Shytoshi Kusama praised TRON's Sun Yuchen on Tuesday, commending the recent milestone achievements of the blockchain. The chief developer mainly highlighted the product-market fit (PMF) of TRX in stablecoin use cases, emphasizing the network's pioneering position as a decentralized, fast, and cost-effective solution. Notably, Kusama further stated that Shibarmy 'will achieve the same (product-market fit) in different ways,' leading market observers to speculate that the broader industry is focused on the upcoming TREAT token.
Shiba Inu chief developer praises TRON's Sun Yuchen
In a response to Sun Yuchen's X post on November 26, Shytoshi Kusama stated, 'You inspired me greatly in the early stages, and I am proud to see you achieve PMF in this field.' This statement mainly refers to TRON's native token TRX, which has achieved strong product-market fit in stablecoin use cases. Notably, the TRON blockchain processes 92% of USDT transactions and hosts $60 billion of USDT. However, according to CryptoQuant CEO Ki Young Ju's Alt account 'Kate The Alt,' TRX's market cap is only $17 billion. This data indicates that USDT based on TRX is more popular than USDT based on ETH, providing low-cost and fast stablecoin remittances in global trade.
Speculation on the issuance of the TREAT token
Sun Yuchen expressed great optimism when discussing this milestone achievement. Shiba Inu's chief developer Shytoshi Kusama further emphasized this achievement, hinting that the SHIB ecosystem is also considering achieving the same PMF in different ways. This statement suggests the accomplishments that the dog-themed token is about to achieve and sparked a series of discussions, as Kusama recently hinted at the launch of the TREAT token to further support the SHIB ecosystem. Moreover, with the growing optimism brought by the aforementioned developments, the TVL of the second layer network Shibarium has surged significantly, increasing the market's enthusiasm for meme coins. Notably, the marketing director of meme cryptocurrency LUCIE recently revealed that Shibarium's TVL reached a historic high of $8.57 million. This data further reinforces the market's optimistic outlook on the token's future.
Will the price of SHIB rise with the recent developments?
Against the backdrop of a bullish market in the fourth quarter, cryptocurrency observers are closely watching dog-themed meme tokens. However, the price of SHIB is $0.00002529, down 1% intraday. Its 24-hour low and high are $0.00002436 and $0.0000264, respectively. Nevertheless, the monthly chart of the cryptocurrency shows a 48% increase. This broader bullish trend, combined with the aforementioned movements, keeps investors optimistic about future trends. Additionally, CoinGape's recent analysis of Shiba Inu's price suggests that due to the continuous burning of tokens, its supply is decreasing, and the token is expected to rise further. Market observers remain optimistic, as the chain reaction in the fourth quarter still favors them, followed by the latest developments in the ecosystem.
