Shiba Inu Team Member Reveals ShibaSwap Network Expansion Plan That Could Send SHIB Price Flying

Shiba Inu Marketing Lead, Lucy announced plans to realize shiva swap, a decentralized exchange (DEX) on the Ethereum blockchain expanding to new chains. This new development could significantly change the Shibarium ecosystem and could fuel a price hike for Shiba Inu’s native token. shiv and Sibrium’s Bone.

ShibaSwap will become multi-chain

While the Shiba Inu ecosystem is still being celebrated Completion of Shibarimumu hard forkLucy has dropped a new mega development, announcement ShibaSwap will be multi-chain and will operate on both the Ethereum network and the Shibarium Layer 2 network.

according to New edition of The Shib MagazineShibaSwap’s integration into two prominent chains is: Shiba Inu ecosystem, as ShibaSwap plans to “enhance, rather than replace, the underlying Ethereum connectivity.”of decentralized exchange Initially operated only on the Ethereum blockchain, the upcoming transition will allow ShibaSwap to be accessible on both chains, improving overall functionality and potentially significantly reducing gas fees. There is a gender.

With this new integration, ShibaSwap will single blockchain network, ensuring a seamless and more reliable trading experience for our growing community. Furthermore, Shibarium’s extension to his L2 network is Shibarimumu’s ecosystem token “BONE”.

Maximus, a veteran moderator of Shiba Inu’s Tech, said that the integration of ShibaSwap into Shibarium could reduce the effective supply of BONE, which has a circulating supply of 229.9 million pieces, totaling more than 249.9 million pieces. It was revealed that there is a sex.

He further revealed how the planned transition will reduce the supply of BONE, stating that “while both builders and users will need a certain amount of BONE to use Shibarium, projects will not be able to increase the liquidity of the token.” You can acquire BONE to add liquidity, lock this liquidity, or even burn liquidity tokens.” , permanently locks the BONE. ” Due to this decrease in token supply, Increase the value of BONEand perhaps shiv over time.

Shiba Inu token set for new profits

Following the completion of the Shibarium hard fork on April 29th, SHIB price It surged about 3.78% in the past 24 hours, marking a significant gain. According to CoinMarketCap, the cryptocurrency is currently trading at $0.000022.

Announcing ShibaSwap’s Future Expansion to the Shibarium Network with the End of Shibariomu upgrade It may encourage new adoptions and interest in the Shiba Inu ecosystem. This could fuel a rise in the price of SHIB and push the popular meme coin to new highs.

Maximus revealed in an interview with The Shib Magazine that he expects BONE’s volume to increase significantly as this transition is a change that most community members have been waiting for.he revealed that Shiba Inu Ecosystem Token We conclude that price increases are likely and that favorable price action will benefit the community and ecosystem in the long run.

Shiba Inu price chart on Tradingview.com

SHIB price at $0.000023 | Source: SHIBUSDT on Tradingview.com

Featured image from Crypto News Flash, chart from Tradingview.com

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