- Shiba Inuโs developer Shytoshi Kusama hints at a looming ShibaSwap upgrade.
- The upcoming ShibaSwap 1.75 to pave the way for ShibaSwapโs 2.0 crypto portal.
- Shiba Inu broke out of bearish constraints on Saturday, reclaiming $0.000027.
Shiba Inuโs (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 platformโs ability to replicate UniSwap and SushiSwap, two of the largest decentralized exchanges in the industry.
Sponsored
Popping by Shibarium Techโs 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 โwarm woof.โ to the new partner, stating that โShibaSwap 2.0 is when the fun begins. But I had to make new frens first.โ
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 platformโs 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.
Whoโs ShibaSwapโs Mysterious New Partner?
While Shytoshi Kusamaโs cryptic message on Telegram didnโt reveal any particular names related to ShibaSwapโs 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 Techโs path to the highly-anticipated ShibaSwap crypto portal launch.
Following the big news, Shiba Inuโs (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 ShibaSwapโs upcoming versions, other than โpretty soonโ.
Why This Matters
The ShibaSwap decentralized exchange empowers Shiba Inu custodians to provide liquidity for crypto rewards, stake the platformโs 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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