Analyst Calls Out Shiba Inu Team on the ShibaSwap 2.0 Delay

In a recent video, Clay, the crypto YouTube channel ClayBro host, called out the Shiba Inu team for the prolonged delay of the promised decentralized application ShibaSwap 2.0. According to Clay, the meme coin team promised to develop the decentralized application two years ago. However, he noted that there has not been any significant development in that regard.

Referencing a recent update from the team, Clay said the team described ShibaSwap 2.0 as a sophisticated platform that would transform boundaries. Furthermore, he noted that the team introduced two features before ShibaSwap 2.0 was deployed—Shiba Name Service and the Shib Magazines—despite uncertainty as to when it would launch.

According to Clay, the platform would essentially be a “super app” where community members would spend their time instead of using social networks like Instagram and Facebook. He continued by saying that the development of the application could bring out significant growth in the ecosystem.

However, ClayBro noted that the SHIB team didn’t disclose why the Shib Swap 2.0 was still being delayed in their latest update. Per the video, Clay suggested that it appears the Shiba Inu team has lost focus on the main goal. Clay noted that while recent developments around the SHIB ecosystem, such as the Shibarium and Manny Pacquaio partnership, are good, the team needs to focus on the token itself.

He continued by saying that the main priority of the SHIB team should be improving the token’s value and adding more utility for community members. Along the same lines, he queried whether the main feature of ShibaSwap 2.0 will be to only allow community members to stake their tokens. Meanwhile, Clay mentioned that Shiba Inu has pulled back in its recent rally. Data from CoinMarketCap shows the token has slowed considerably this week. At the reported time, the meme coin is exchanging hands at $0.000008747, based on a 3.69% rise in the last 24 hours.