- Shiba Inu’s developer Shytoshi Kusama hints at a looming ShibaSwap upgrade.
- The upcoming ShibaSwap 1.75 to pave the way for ShibaSwap’s 2.0 crypto portal.
- Shiba Inu broke out of bearish constraints on Saturday, reclaiming $0.000027.
Shiba Inu’s (SHIB) lead developer Shytoshi Kusama announced the launch of a new version of ShibaSwap, a decentralized exchange (DEX) for the SHIB Army. Originally launched in 2021, ShibaSwap became a centerpiece of the Shiba Inu ecosystem due to the platform’s ability to replicate UniSwap and SushiSwap, two of the largest decentralized exchanges in the industry.
Popping by Shibarium Tech’s official Telegram channel on April 20, 2024, Shytoshi Kusama mentioned a meeting with a new business partner to bring ShibaSwap 2.0 to the public. Shy Kusama encouraged the SHIB community on Telegram to give a “warm woof.” to the new partner, stating that “ShibaSwap 2.0 is when the fun begins. But I had to make new frens first.”
Preceding ShibaSwap 2.0, the 1.75 version is slated to prelude the transformation of ShibaSwap from a DEX to a complete crypto portal, including charts, statistics, on-chain metrics, and trending news. The platform’s original version was critically acclaimed by CertiK, as the blockchain security firm put ShibaSwap 1.0 in the top DeFi category along with 1inch and PancakeSwap.
Who’s ShibaSwap’s Mysterious New Partner?
While Shytoshi Kusama’s cryptic message on Telegram didn’t reveal any particular names related to ShibaSwap’s 1.75 version launch, the community behind the popular canine coin mulled over several options. For instance, prominent SHIB Army member Jolt tagged UniSwap as a likely road dog in Shibarium Tech’s path to the highly-anticipated ShibaSwap crypto portal launch.
Following the big news, Shiba Inu’s (SHIB) price picked up on the bullish wave with 15.3% gains over the weekend. Reaching a new weekly high of $0.00002762 on early Sunday morning, SHIB emerged as the top gainer among high market-cap altcoins on April 20, 2024, completing a blazing day for the Shiba Inu community with a colossal 56,963% daily increase on Sunday, resulting in 392 million SHIB tokens set ablaze.
On the Flipside
- Neither Shytoshi Kusama, nor Kaal Dhairya specified an exact timeframe for ShibaSwap’s upcoming versions, other than “pretty soon”.
Why This Matters
The ShibaSwap decentralized exchange empowers Shiba Inu custodians to provide liquidity for crypto rewards, stake the platform’s native token, BONE, and vote for governance proposals, while the upgraded versions will integrate a blockchain research platform to raise financial literacy.
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