The team behind the Shiba Inu decentralized exchange (DEX), ShibaSwap, has confirmed that ShibaSwap 2.0 will be released into the market sooner than expected. In a tweet on X, the team asserts, “Here, sooner than you expect…”
Shiba Inu presents ShibaSwap
As per the announcement, Shiba Inu investors are excited for a significant change in market prices. Many Shiba Inu investors are eager for the enhanced features promised by the upgraded version.
The ShibaSwap team is yet to provide a specific date for the launch. ShibaSwap was initially built on the Ethereum blockchain launched in July 2021, but later migrated to Shibarium, Shiba Inu’s Layer 2 scaling solution, on May 15, 2024. This shift improved security, cost-efficiency, and scalability and introduced new liquidity pools.
The announcement has had a slight influence on SHIBs price. According to on-chain data from CoinGecko, the coin is up 0.2%. Like any other crypto coin, SHIB is subject to market volatility. Investors are looking at SHIB hitting $1 in 2025.
ShibaSwap 2.0 is said to include a sleeker user interface and more secure features. According to Shiba Inu’s marketing lead, Lucie, ShibaSwap 2.0 will have a dedicated crypto portal featuring crypto-related news, trends, stats, and charts, just to name a few.
Currently, ShibaSwap holds the position of the 78th largest decentralized exchange on CoinMarketCap, boasting a daily trading volume of $356,436. The platform features 24 trading pairs, including SHIB/WETH, TREAT/SHIB, and BONE/WETH.
According to data from DeFiLlama, ShibSwap stands out as the leading decentralized finance (DeFi) protocol on the Shibarium network. ShibaSwap is making a significant impact, representing $2.33 million of the total $3.49 million locked in value on the L2 blockchain.
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