Shiba Inu’s TREAT Token Marks First Anniversary; Built on Shibarium, Focuses on Utility and Governance
Shiba Inu’s TREAT token has reached its one-year anniversary since launch on the Shibarium Ethereum Layer-2 network. Announced by a Shiba Inu team member on Jan. 17, the milestone highlights TREAT’s role as a utility and governance token within the Shiba Inu ecosystem. TREAT was developed to support rewards, payments and on-chain voting for ecosystem decisions, and to leverage Shibarium’s privacy, security and compliance features. Despite the anniversary, TREAT was trading lower on the day, down about 5.31% and priced at roughly $0.0001646, reflecting short-term market weakness. The story underlines continued ecosystem development around Shibarium and offers context for traders monitoring SHIB-related tokens, governance activity, and Layer-2 adoption.
Neutral
The anniversary is primarily a developmental and community milestone rather than a market-moving fundamental event. TREAT’s role as a utility and governance token and its deployment on Shibarium support long-term ecosystem growth and Layer-2 adoption, which is constructive for sentiment around Shiba Inu projects. However, the immediate market reaction—TREAT trading down ~5.3%—reflects broader short-term weakness in crypto markets rather than a direct negative caused by the anniversary. Similar token anniversaries or protocol milestones typically produce only modest price effects unless paired with new utility launches, major partnerships, or on-chain activity spikes. For traders: short-term impact is likely limited and driven by market sentiment and liquidity (bearish-to-neutral), while long-term implications are mildly bullish if Shibarium adoption and on-chain governance usage increase. Monitor on-chain governance vote activity, token utility rollouts, and overall L2 adoption metrics for signals that could change this outlook.