Shiba Inu (SHIB) has made key improvements to its network, including the launch of a layer 2 blockchain called Shibarium, during the bear market. SHIB token holders can access an ecosystem of applications on Shibarium, with over 1 million wallet addresses registered since its launch in August.

The SHIB price prediction predicts a major rise after the Bitcoin halving in April 2024, with an expected gain of +680% for SHIB in December of the same year.

Shibarium, launched in August, already supports over 1 million wallets, 8,333 tokens created, and 13,424 smart contracts deployed. In less than 3 months since its launch, Shibarium has processed 3.42 million transactions.

Recently, Shiba Inu also introduced Shib Name Service, an on-chain identity solution that provides human-readable name tags for Shibarium users. Shib Name Service is believed to be the first step towards an “all-in-one” application on Shibarium, which will likely encompass decentralized finance, identification, and a variety of web3 services.

In short, Shiba Inu continues to expand the meme coin ecosystem, and the SHIB token is expected to skyrocket after the halving.