Shiba Inu Team Unveils ShibaSwap 2.0: What You Should Know

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Shiba Inu community member “Ragnar” revealed progress on a new version of ShibaSwap, bringing excitement to the SHIB community. 

ShibaSwap, the decentralized exchange (DEX) dedicated to the SHIB ecosystem, is set to undergo a thorough security evaluation from CertiK before its release. Ragnar expressed confidence that once the audit is complete, it will silence the critics and skeptics, affectionately referred to as “fudders.”

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What features will Shiba Inu’s Shibaswap 2.0 Have?

Exciting updates are on the horizon for ShibaSwap, as Eric M, the developer behind the project, revealed that the upcoming version would feature fresh and enhanced designs. 

Notably, the new decentralized exchange (DEX) will also introduce a crypto portal, offering a platform for graphs, statistics, news, and trends. Although it remains uncertain whether the portal will focus solely on Shiba Inu or encompass the broader cryptocurrency market.

Despite the absence of a specific launch date, ShibaSwap’s original version continues to operate successfully, boasting intriguing features akin to leading DEXs like Uniswap. Users can leverage ShibaSwap to exchange any token from the Shiba Inu ecosystem without relying on third-party platforms. 

Additionally, staking options are available for all tokens within the SHIB ecosystem, including the exclusive non-fungible token (NFT) marketplace dedicated to THE SHIBOSHIS, SHIB’s NFT collection. With a 24-hour trading volume of $1.97 million, ShibaSwap currently ranks as the 55th-largest decentralized exchange.

As SHIB prepares for the imminent launch of its layer-2 network, Shibarium, the entire ecosystem appears to be undergoing a comprehensive overhaul. The team recently opened pre-orders for their cold wallet storage solution, further expanding their product lineup. With a multitude of developments in progress, SHIB aims to shed its “memecoin” label and achieve greater success with its objectives.

In contrast, rival memecoin projects are lagging behind in real-world use cases, amplifying the anticipation among SHIB’s fans and users for these upcoming launches, with expectations of propelling the price of SHIB to new heights. SHIB was trading at $0.00000893 at the time of writing, reflecting a 2.3% increase in the last 24 hours.

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Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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