ShibaSwap’s New Upgrade: Now Available on Shibarium Blockchain
Key Takeaways
- ShibaSwap upgrades to the Shibarium blockchain by introducing an enhanced dashboard and improved user experience.
- Upgrades use transaction fees to increase liquidity pool value.
- Shibarium’s fast, low-cost transactions and environmentally friendly consensus mechanisms support the broader Shiba Inu ecosystem.
ShibaSwap, a decentralized exchange (DEX) linked to the Shiba Inu (SHIB) ecosystem Upgrade your move to the Shibarium blockchain.
According to the press release, the upgrade introduces a number of new features, including: Improved dashboard, improved user experience, discovery charts for new and popular tokens, and a streamlined process for adding new tokens to your DEX.
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Shytoshi Kusama, lead developer at Shiba Inu, highlighted the upgraded ShibaSwap. Provides DeFi innovators with enhanced capabilities to discover, trade, and participate in community tokens on Shibarium.
Kusama also said this:
Rest assured. this new <사용자 경험>is still an early version of Shibaswap, with more updates in the product pipeline.
Upgrades include: In swap transactions, a portion of the transaction fee is used to increase the value of the liquidity pool (LP). This change aims to increase the value of LP tokens for users and benefit the yield farming community.
Shibarium Layer-2 mainnet, launched in August 2023, has already 21 million wallets have been created and tested by millions of users.
Sybarium is designed to: Fast transaction with low gas fees. that Community-driven eco-friendly consensus mechanism, Cost-effective protocol development is possible and the scope of the ecosystem is expanded.
As of this writing, the price of SHIB is $0.0000252, up almost 6% in the last 24 hours. This makes it the second-largest memecoin and the 11th-largest cryptocurrency by market capitalization.
Overall, ShibaSwap’s Shibarium upgrade sets the stage for future growth and innovation in the Shiba Inu ecosystem, promising improved user experience and expanded DeFi opportunities.
There was some good news recently about FLOKI, another Shiba Inu-themed memecoin. FLOKI is listed on Revolut Business, making it more accessible to businesses across Europe.
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