SHIB, a global leader in the decentralized finance (DeFi) cryptocurrency space with millions of users, said today that it has moved its decentralized exchange, ShibaSwap, from Ethereum to the Shibarium blockchain. The change represents the fundamental improvement in ShibaSwap’s evolution into “ShibaSwap,” empowering creators, cultivating relationships, and propelling innovation on Shibarium.
Powered by Shibarium, ShibaSwap will provide a range of new decentralized app (Dapp) utilities and decentralized exchange services, such as:
- Bridging a range of new tokens that will make them native to ShibaSwap.
- Improved liquidity pools and characteristics of decentralized finance (DeFi).
- Novel farming contracts created especially to reward early adopters and enduring investors.
- Additional discovery location for token launches.
- Redefining the potential of community-driven experiences: token voting competitions with incentives.
Through the provision of rewards for purchases and exchanges, SHIB is fostering a strong trading volume, therefore cementing ShibaSwap’s position as the preferred platform for community token transactions in Shibarium. All user types will gain from this as it will create a vibrant and healthy marketplace.
Shiba Inu Lead Developer known as Shytoshi Kusama stated:
“The new ShibaSwap aligns with innovators seeking an outlet for their creative endeavors and Shibizens who value fostering a vibrant and inclusive community. It’s the beating heart of Shibarium, where community tokens flourish. Imagine a vibrant marketplace teeming with unique tokens representing your favorite projects, causes, and fellow ShibArmy members.”
Built on the community-first and environmentally friendly Proof of Participation (POP) consensus process, Shibarium focuses on enabling fast transactions with low gas fees and revolutionizing the blockchain user experience. On Shibarium, anybody may create affordable protocols that improve user experience overall while extending the ecosystem’s potential. The $SHIB and $LEASH tokens, SHIBOSHI NFTs, SHIB The Metaverse, the ShibaSwap DEX, and the Shiba Eternity game are among the other expanding sectors of the Shiba Inu Ecosystem that Shibarium also supports.