Shiba Inu, is it transforming into a real utility coin?

▲ Shiba Inu (SHIB) Coin ©

Shiba Inu (SHIB) is attempting to transform from a simple meme coin into an ecosystem token with actual utility, but it has not yet reached the stage of widespread adoption.

According to crypto media Watcher.Guru on April 29 (local time), Shiba Inu has been building various real-world use cases over the past few years, shedding its 'meme coin' image and evolving into a utility-focused project.

The most crucial development is Shibarium, a Layer 2 network launched in 2023. This network enables the development of SHIB ecosystem-based applications, aiming to simultaneously reduce transaction costs and improve processing speed. As of early 2026, the cumulative number of transactions has surpassed 500 million, laying the foundation for ecosystem expansion.

In addition, Shiba Inu is also developing ShibOS, a platform that supports the transition from Web2 to Web3. It aims to provide the necessary infrastructure for businesses and developers to enter the blockchain environment, and there is a possibility that it could become a major service when Web3 becomes widespread in the future.

Furthermore, entry into the metaverse and blockchain gaming sectors is also underway. While these expansions are considered key drivers for increasing ecosystem user inflow, the fact that most projects are still in their early stages is pointed out as a limitation.

Indeed, low adoption rates and high price volatility remain unresolved challenges. In particular, its use as a payment method is constrained by a lack of merchant adoption, and Shibarium also needs to secure a larger user base.

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