DeFi
Shiba Inu Executive Teases Multi-Chain ShibaSwap!
Shiba Inu’s DeFi platform, ShibaSwap, has taken a big step forward by expanding to Ethereum and Shibarium blockchains. This move aims to make it easier for users to access and work on different blockchain systems. With ShibaSwap now running on multiple chains, it opens up new opportunities for liquidity, yield farming, and other DeFi services within the Shiba Inu community.
Learn more about this below.
The OS in focus!
Shiba Inu Marketing Manager LUCIE’s recent announcement brings attention to BONE, ShibaSwap’s governance and gas fee token. With its crucial role in the Shibarium ecosystem, BONE has a lot to gain from this expansion. By working across different chains, BONE can help make transactions and governance smoother within ShibaSwap, bringing efficiency and innovation.
The potential? Immense.
Since its launch in July 2021, ShibaSwap has seen impressive growth, briefly surpassing Dogecoin in market value. Providing users with the ability to trade tokens and earn rewards in BONE, ShibaSwap has quickly become the preferred platform for community token transactions within Shibarium. With a 24-hour trading volume exceeding $482,058 and counting over 100 trading pairs, ShibaSwap has attracted the attention of the Shiba Inu community.
Now, its expansion to Shibarium promises additional growth and opportunities.
Market analysis
Despite the excitement surrounding this expansion, SHIB, BONE, and LEASH saw their prices drop over the past 24 hours. SHIB, the native token of the Shiba Inu ecosystem, fell 6.65%, while BONE and LEASH saw declines of 4.45% and 5.54%, respectively. However, these short-term changes do not necessarily dampen the long-term prospects of these tokens.
The future is bright!
Despite recent price drops, optimism remains high in the Shiba Inu community, buoyed by upcoming upgrades and developments. Alongside the expansion of ShibaSwap, the Shibarium hard fork projects and the introduction of layer 3 solutions for the meme token show a strong commitment to innovation and progress. These initiatives have sparked enthusiasm among crypto enthusiasts, raising hopes for possible price increases in the future.
Read also: Meme Coins DOGE, PEPE, FLOKI ready for an extended bull run?
The multi-chain future of ShibaSwap is here. Are you ready to join the DeFi revolution?