Shiba Inu (SHIB) saw its price climb today after the Shiba Inu team announced a privacy-focused upgrade for the Shibarium Layer-2 network. The update, in collaboration with cryptography provider Zama, will integrate advanced encryption to enable private smart contracts, with full deployment expected by Q2 2026.
The token rose 4% to $0.05884, with a 24-hour trading volume of $142 million and a market capitalization of $5.21 billion. Analysts note the move could shift SHIB from a meme token to a utility asset, opening opportunities in DeFi, gaming, and privacy-conscious blockchain applications while attracting renewed attention from institutional and retail traders worldwide.
Additionally, Shiba Inu announced partnerships with AI gaming platforms to introduce SHIB-branded incentives and no-code development tools for creators, strengthening ecosystem adoption and community engagement. The market is watching closely how the combination of privacy features and AI integrations may influence both speculative momentum and long-term utility.
Source: https://x.com/LucieSHIB/status/1994074602247483558
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