- LEASH and Shiba Inu are gaining attention as top-trending cryptocurrencies on CoinMarketCap.
- Shiba Inu ecosystem introduces a new governance structure, assigning specific roles to SHIB, LEASH, BONE, and TREAT tokens.
- Anticipation grows for the potential launch of Shibarium, as discussions boost social dominance of SHIB and LEASH tokens.
LEASH and Shiba Inu (SHIB), two tokens from the Shiba Inu ecosystem, have gained attention as they currently rank high on CoinMarketCap’s (CMC) list of top-trending cryptocurrencies. LEASH holds the top position, while SHIB secures the second spot among the top five trending cryptocurrencies.
SHIB has experienced a significant increase in social dominance, contributing to its recent surge. This eventful week saw Shiba Inu lead Shytoshi Kusama hinting at upcoming plans for the ecosystem’s governance structure.
Monday's here, so the Trending Token list on #CMCCommunity is fresh!$LEASH$SHIB$YTOFU$KAS$AVAX
Check it out here: https://t.co/vHI1wrAcQF pic.twitter.com/FUK7R8tGth
— CoinMarketCap (@CoinMarketCap) July 10, 2023
Shiba Inu dev outlined the ecosystem’s governance structure
In a blog post, Kusama outlined the new governance structure for the Shiba ecosystem, introducing governance roles for SHIB, LEASH, BONE, and TREAT tokens. Each token will have specific governance responsibilities, such as community governance, technological support, community protection, and project enhancement, respectively.
This expanded use of tokens in governance may have generated fresh interest in both SHIB and LEASH. A tweet by Lucie on July 6 further fueled attention towards LEASH, highlighting its significant role in governance according to Kusama’s statements.
Furthermore, Kusama hinted at a potential launch date for Shibarium, a new blockchain likely to be unveiled at the Blockchain Futurist conference in August. Discussions surrounding Shibarium may have contributed to the increased social dominance of SHIB and LEASH. Additionally, it’s worth noting that SHIB, LEASH, TREAT, and BONE tokens will be utilized on the Layer 2 Shibarium blockchain.
