Ethereum
ShibaSwap migrates to Shibarium severs ties with Ethereum
SHIB, an important player in the decentralized finance (DeFi) space, recently announced a pivotal step: the migration of its decentralized exchange, ShibaSwap, from the Ethereum network to Shibarium. This strategic transition marks an important step in the evolution of ShibaSwap, bringing a wave of new DeFi innovations and features.
Migrating to Shibarium is more than just a change of platform; this means a profound change in ShibaSwap’s capabilities and offerings. With this move, users can expect to see the introduction of a range of new decentralized application (Dapp) utilities and services within the exchange ecosystem. These include, among others, the ability to link new tokens, improve liquidity pools, deploy unique farming contracts, unveil a new launchpad for token discovery, and foster community experiences.
Lead Developer Shytoshi Kusama highlighted the importance of ShibaSwap evolving on Shibarium. He describes the platform as one for innovation and collaboration, where innovators and Shibizens can come together to participate in a dynamic marketplace full of unique projects and causes. This migration not only expands ShibaSwap’s capabilities but also strengthens its position as a leading player in the DeFi landscape.
The Shiba Inu ecosystem thrives on the Shibarium blockchain
The migration from ShibaSwap to Shibarium is not an isolated event but rather part of a larger trend within the Shiba Inu ecosystem. Shibariumthe blockchain network that ShibaSwap now operates on, supports various sectors of the ecosystem, including $SHIB and LEASH tokens, SHIBOSHI NFTs, SHIB The Metaverse, the ShibaSwap decentralized exchange (DEX), and the Shiba Eternity game.
This transition marks a pivotal moment in the growth and development of the Shiba Inu ecosystem, providing new opportunities for community engagement and innovation. With ShibaSwap now running on Shibarium, users can expect increased interoperability, improved features, and a more seamless experience within the ecosystem.
As the Shiba Inu ecosystem continues to grow and thrive on the Shibarium blockchain, exciting prospects lie ahead. The ShibaSwap migration is just one example of the continued evolution of the ecosystem, with many more developments expected to occur in the future.
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SHIB Price Update and Market Analysis: Bullish Momentum Continues
Regarding price developments and market analysis, Shiba Inu (SHIB) made waves. SHIB live price currently stands at $0.0000246523650, with a 24-hour trading volume of $509 million. The past few weeks have seen significant price movements, with SHIB seeing a remarkable 53% rise between April 19 and 22. This rise culminated with a weekly high of $0.000029 following a notable $12 million fundraising announcement.
Despite a subsequent 10% retracement towards the $0.000025 support zone, SHIB managed to maintain a commendable 41% weekly gain. This resilience in the face of the retracement suggests lingering bullish sentiment among traders and investors. Furthermore, trends observed in derivatives markets indicate that the bulls are still active, with the potential for additional gains in the near future.
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