Shiba Inu: ShibaSwap to operate on Ethereum, Solana: Impact on SHIB?
  • Sivaswap’s 24-hour trading volume more than doubled.
  • Ecosystem tokens such as SHIB and BONE have seen an impressive surge in the past 24 hours.

A huge accomplishment for a Shiba Inu [SHIB] ShibaSwap, an ecosystem and decentralized exchange (DEX), has gone live on the Layer 2 (L2) blockchain Shibarium, ushering in a new multi-chain era.

This update was brought to you by Shiba Inu Marketing Leader. Lucy Via Xpost dated May 1st. The integration will allow Shibaswap to work with both Ethereum and Ethereum. [ETH] And Shibarium Network.

The ecosystem’s main token SHIB was traded at: $0.00002245 As of this writing, it is up 6.4% in the past 24 hours. coin market cap Indicated.

Bone Siba Swap [BONE]we also acquired ShibaSwap’s governance token. 5.76% increase within 24 hours.

A big boost for ShibaSwap

Since its launch in July 2021, ShibaSwap has operated as a DEX on the Ethereum blockchain, offering services such as staking, liquidity pools, and yield farming.

AMBCrypto states that as of this writing, the platform has processed more than $17 billion worth of transactions. Defilama data. Trading volume in the past 24 hours more than doubled to $2.55 million.

Shibarium was scheduled to undergo a hard fork on May 2nd, with the goal of making the network faster and more cost-effective.

Improving network performance could provide the right ecosystem for ShibaSwap to grow further.

What does SHIB have?

Utility projects like ShibaSwap and Shibarium are planned steps by the Shiba Inu ecosystem to add utility to native tokens beyond meme coin status.

News of Shimarum’s consolidation not only caused a spike in SHIB, but also led to a dramatic increase in new addresses being created on the network, AMBCrypto noted using Santiment data.

Growth of Shiba Inu

Source: Santiment

read a book about shiba inu [SHIB] Price prediction for 2024-2025

Daily active addresses also jumped 11% on May 1st. Positive comments about the coin also increased, as shown by the weighted sentiment indicator.

Like the rest of the market, the second-largest meme coin struggled in April, dropping more than 12% for the entire month.

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