Two tokens from the Shiba Inu ecosystem, DogeKiller (LEASH) and Shiba Inu (SHIB), are at the top of CoinMarketCap’s (CMC) list of the top-trending cryptocurrencies.
LEASH took the top place on the list of the top five trending cryptocurrencies, with SHIB coming in at number two.
This is in line with SHIB’s enthusiastic start to the week, which sees a significant increase in social dominance. For the Shiba Inu community, this past week was crucial because Shiba Inu leader Shytoshi Kusama hinted at the ecosystem’s future orientation and new plans for governance.
Especially noteworthy would be the utilisation of SHIB and LEASH in governance, revealing fresh applications for the Shiba Inu ecosystem tokens. In a blog post from last week, Shytoshi Kusama summarised the new Shiba ecosystem governance framework.
The four primary tokens of the SHIB ecosystem—SHIB, LEASH, BONE, and TREAT—would each have their own governance. Kusama listed the following as examples of how each will be employed in governance: “Shib governs the community itself; Bone governs and supports technology in the community; Leash reigns over community protection and also provides exclusivity; and Treat governs and enhances community projects.”
It’s possible that the governance use cases for both coins have reignited interest in them both. Lucie asked the community to pay attention to LEASH in a tweet on July 6 while sharing a screenshot of Kusama, implying that the administration of LEASH was significant.
Kusama also made a suggestion on when Shibarium would officially launch, most likely at the Blockchain Futurist conference in Toronto this August. Shiba Inu ecosystem token interest may have also been sparked by this. Shibarium-related discussions may have boosted LEASH and SHIB’s social dominance.
The Layer 2 Shibarium blockchain will make use of the coins SHIB and LEASH as well as TREAT and BONE.
