- K9 Finance secures a $200K Google Cloud grant, boosting scalability and enhancing its role within the Shiba Inu ecosystem.
- Shiba Inu price sees a 3.91% increase, while technical indicators suggest potential short-term price correction.
The Shiba Inu community has received a boost following its partner K9 Finance DAO’s recent win of a $200,000 grant from the Google for Startups initiative. K9 Finance announced the achievement via a post on X, noting that the grant, which consists of free access to Google Cloud services, will provide infrastructure support for its growth.
Big Win for K9 Finance: $200K Google for Startups Grant!
Some massive news for the K9 Finance community – we’ve been awarded a $200,000 grant from Google for Startups!
What This Means for K9
Google is covering $200K worth of cloud services, which means our development team now… pic.twitter.com/SVLnIdb0D6— K9 Finance DAO (@K9finance) February 26, 2025
K9 Finance’s $200,000 grant is part of Google’s program to support startups with free access to its Cloud services, security features, and artificial intelligence (AI) tools. The program has been running since 2011 and has supported numerous startups in scaling their operations without the burden of cloud expenses.
The grant will allow K9 Finance to reduce its cloud-related costs, enabling the team to focus its resources on other areas, such as expanding its marketing efforts and strengthening its network. This move is expected to cement K9 Finance’s place within the growing Web3 space, offering enhanced scalability and speed with the support of Google’s infrastructure.
Enhancing Legitimacy and Building Future Opportunities
The K9 Finance team highlighted that receiving a Google Cloud grant boosts the project’s credibility. Not all projects have the opportunity to benefit from Google’s backing, and this recognition could attract further attention from other key players in both the technology and Web3 sectors.
With the grant, K9 Finance also anticipates more efficient operations and the ability to expand its partnerships. Positioning itself as a key player within the Shiba Inu community and the general crypto market offers long-term growth potential and stability.
In addition, the Shiba Inu community expressed its support for the achievement. Lucie, the Marketing Lead for Shiba Inu, congratulated K9 Finance for securing the grant. According to Lucie, the Google award represents a major victory for the project, underlining the possibility for further expansion within the broader network.
Big congratulations! This is huge! https://t.co/ehazTY1wCs
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) February 26, 2025
K9 Finance is vital in the Shiba Inu ecosystem as the official liquid staking partner. It allows users to stake BONE tokens via its decentralized application, Bonecrusher, while maintaining liquidity. This partnership strengthens the link between Shiba Inu and K9 Finance, ensuring the continued development of innovative solutions within the ecosystem.
As of the latest data from DeFiLlama, K9 Finance’s total value locked (TVL) stands at $562,035, a decrease from its peak TVL of $2.27 million in December 2024. Despite this drop, K9’s role within the Shiba Inu community remains notable, supported by resources like the Google Cloud grant.
Shiba Inu Price Movement and Trends
Meanwhile, Shiba Inu (SHIB) has seen a slight increase in its market value, gaining 3.91% in the past 24 hours. As of the latest data, Shiba Inu’s market capitalization is $8.66 billion, and its trading volume stands at $274.87 million. The price of SHIB has shown an upward trend, starting at $0.000001415 and rising to $0.000001469.
A technical analysis of Shiba Inu’s price also reveals insights into its potential future movement. The Relative Strength Index (RSI) is approaching oversold territory, signaling a possible rebound. Similarly, the Moving Average Convergence Divergence (MACD) shows bullish momentum, suggesting that SHIB might experience a price correction in the short term.
