Bittime - Marking a significant milestone for the Shiba Inu (SHIB) ecosystem, ShibaSwap, a renowned decentralized exchange (DEX) platform, has officially launched on the Shibarium layer-2 (L2) blockchain. This launch marks the start of a new multichain era for ShibaSwap.
This good news was conveyed by Shiba Inu's marketing leader, via an official blog post on May 1.
With this integration, ShibaSwap will expand its reach, operating on two major networks: Ethereum (ETH) and Shibarium.
Current Price Performance of $SHIB Token
The price of the main token in the ShibaSwap ecosystem, SHIB, is currently trading at $0.00002245. This figure represents a 6.4% increase in the last 24 hours, based on data from CoinMarketCap.
This positive increase was also followed by BONE, ShibaSwap's governance token, which experienced an increase of 5.76% in the same period.
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ShibaSwap Experiences Significant Surge in Popularity
ShibaSwap, a decentralized exchange (DEX) platform launched in July 2021 on the Ethereum blockchain, has seen a significant surge in popularity.
The platform offers various services such as staking, liquidity pools, and yield farming.
To date, ShibaSwap has facilitated more than $17 billion worth of trades, as AMBCrypto reported based on DeFiLlama data. In the last 24 hours, its trading volume more than doubled, reaching $2.55 million.
$SHIB Price Increase Hype Triggered by Shibarium Hard Fork
This surge in popularity was most likely triggered by the Shibarium hard fork scheduled for May 2nd.
This hard fork aims to increase network speed and cost efficiency, thereby creating a more optimal ecosystem for ShibaSwap to develop.
How to Buy Crypto:
What are the Benefits of SHIB for the Future?
The Shiba Inu ecosystem plans to launch utility projects such as ShibaSwap and Shibarium to increase the value of the SHIB token and surpass its status as a meme coin.
The news of Shibarium's launch not only triggered an increase in the price of SHIB, but also caused a significant spike in the creation of new addresses on the network.
Check Crypto Prices Today:
| UNI/IDR price | Price BONK/IDR |
|---|---|
| BTC/IDR price | DOGE/IDR price |
| ETH/IDR price | SEI/IDR price |
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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