Kusama has led the SHIB developers to take on his vision of creating “a perpetual, decentralized, “network state” with a focus on dominating the DeFi (decentralized finance) faction of the crypto industry, they wrote. The team launched Shibarium, an Ethereum layer-2 blockchain, in August, expanding the SHIB token’s use cases from an object of speculation to a cost-effective means of settlement for DeFi applications built on the network.
Source: https://www.coindesk.com/consensus-magazine/2023/12/04/shytoshi-kusama-and-the-shib-community-proved-that-meme-coins-are-no-joke/?utm_medium=referral&utm_source=rss&utm_campaign=headlines