Shibarium Pushes for Breakthrough, But Shiba Inu’s Stablecoin SHI Continues to Delay: When Will It Be a Cent?
April 10, 2025 – The Shibarium Layer-2 network continues to make waves in the decentralized finance (DeFi) space with its fast transaction speeds, low fees, and significant scalability. However, one of the most anticipated parts of the Shiba Inu ecosystem – the stablecoin SHI – has seen another delay in its launch, leaving the community frustrated.
Shibarium: From Meme Coin to Real Blockchain Infrastructure
Since its launch, Shibarium Layer-2 has processed over 1 billion transactions on its mainnet, achieving an average block time of just 5 seconds – an impressive figure compared to the general level. According to DefiLlama, the total value locked (TVL) on the chain currently stands at $2.02 million, although it is significantly lower than the peak of $11.22 million in December 2024 due to the impact of the delayed chain upgrade.
In parallel with Shibarium, the development team is also working on ShibOS – a blockchain operating system that has been approved for federal integration by the United Arab Emirates (UAE), thanks to the unique fully homomorphic encryption (FHE) feature provided by the Shibarium team.
SHI – The Longed-For in That Hasn’t Yet AppearedOne-Coin Stableco
Since 2021, the Shiba Inu community has been holding out hope for a private stablecoin called SHI, pegged to the value of one coin. However, after the high-profile collapse of Terra Luna and the UST algorithmic stablecoin in 2022, the Shibarium team has opted for an extremely cautious approach and rigorous testing, primarily on the Puppynet testnet.
Shibarium core developer Kaal Dhairya said in a recent update that:
“The lack of clear regulations on stablecoins is currently the biggest barrier to SHI’s official launch.”
According to many speculations, this barrier may be related to the Digital Asset Markets Structure and Investor Protection Act being considered in the US. If passed, it could pave the way for major corporations like Microsoft, Apple, Amazon to enter the regulated stablecoin market – and the timing would be right for SHI to launch.
SHIB Price Begins to Recover: What’s Next?
While waiting for SHI, the native token SHIB of the Shiba Inu network is still showing steady recovery signals. At the time of writing, SHIB is trading at $0.00001194, just a small step away from the resistance zone of $0.000012.
According to technical analysis, SHIB is still above the middle band of the Bollinger Band indicator, while the TSI (True Strength Index) has started to move into positive territory – indicating potential upside momentum.
Currently, there are more than 69.1 thousand wallets holding 42.82 trillion SHIB tokens, reflecting a relatively wide distribution and the community is still holding on.
The Downside: Challenges in the Web3 Space
Despite the potential, $1.43 million TVL has been “evaporated” from Shibarium L2 since the beginning of the year. The reason comes from the slowdown of the entire Web3 industry in Q1/2025 and the defensive mentality of investors.
-Why Does This Matter?
Despite the short-term difficulties, the development of a regulated and legalized stablecoin SHI could be a major turning point for Shiba Inu to escape the "memecoin" label and become an institutional-scale DeFi ecosystem. With the backing of the UAE, potential integration with liquid derivatives, and expectations of a clear legal framework, SHI – when launched – could be the next big lever for the entire Shibarium network.