Shiba Swap, a decentralized exchange (DEX) that is closely tied to the Shiba Inu (SHIB) ecosystem, has announced a major update to its platform. This update introduces a change to the blockchain known as shibarium. The goal of this update is to provide users with a wide range of new decentralized exchange utilities and decentralized applications (DApps). With this update, the DEX can now be accessed on both Ethereum and Shibarium, making it a definitive upgrade for Shiba Swap.
According to the release, Shiba Swap, powered by Shibarium, will introduce several new utility DEXs and DApps. These include an improved dashboard and streamlined user processes, new charts to help traders navigate market volatility and discover trending tokens, and the integration of new tokens on Shiba Swap.
The developers have also stated that a portion of the transaction fees will be used to increase the value of LPs (liquidity provider tokens) used in swap transactions. This will result in an increase in the value of LP tokens for users. Shytoshi Kusama, the lead developer of Shiba Inu, expressed his excitement about the new features in the ecosystem. He described Shiba Swap as the redesigned beating heart of Shibarium, where community tokens can thrive. He also invited the community to try out the new swap and encouraged existing Shibarium tokens to migrate to the platform with ease. Kusama assured users that this new user experience is just the beginning, with more updates in the pipeline.
As of now, the price of Shiba Inu stands at US$0.00002515, representing a 6.1% increase in the last 24 hours. The cryptocurrency has recorded a trading volume of US$946,524,013 during this period and has appreciated by 12.1% in the last seven days.
Disclaimer: The views and opinions expressed in this article, including those of the author and individuals mentioned, are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries the risk of financial loss.
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