ShibaSwap Migrates to Shibarium, Fast Transactions and Low Gas Fee!

Bittime - ShibaSwap, the Shiba Inu DEX, has just announced a major migration from Ethereum to the Shibarium blockchain. This decision is believed to bring various improvements to DeFi services and open new opportunities for the Shiba Inu community.

Fast Transactions and Save Gas

The migration to Shibarium will bring a variety of new tools for DEXs and DApps. ShibaSwap stated that this increase will utilize some of the transaction fee components to increase the value of the liquidity pool in swap transactions.

The goal is to minimize gas fees and increase transaction speed, resulting in a more optimal user experience.

Apart from that, this migration is also expected to increase the value of the liquidity pool token for users and benefit the yield farmer community.

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ShibaSwap on Shibarium: New Features and Look

Apart from ease of transactions, ShibaSwap, which is now based on Shibarium, offers various interesting new features. Users can enjoy a redesigned UX with a more modern and intuitive appearance.

Additionally, ShibaSwap features a new dashboard, better user experience, search for new and trending tokens, and a more efficient new token onboarding process.

ShibaSwap: The “Heart” of Shibarium

Shytoshi Kusama, lead developer of Shiba Inu, welcomed the migration. According to him, this latest version of ShibaSwap is the "heart" of Shibarium which has undergone a hard fork.

ShibaSwap also invites the community to try the latest swap feature and invites Shibarium token developers to join with ease. 

However, Kusama emphasized that the new UX is still in the early stages and there will be further updates to the ShibaSwap product.

Also Read: Shibarium Hard Fork: SHIB Revolution and Its Impact on Market Prices

Shibarium Mainnet 

Meanwhile, Shibarium layer 2 was launched in August 2023. This launch was marked by the creation of 21 million crypto wallets and was tested by millions of users.

Shibarium introduces a new consensus mechanism called Proof-of-Participation (PoP). PoP selects validators based on ownership of the associated crypto assets.

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SHIB Price Skyrockets Post Migration

Simultaneously with this migration news, the price of the SHIB token was observed to increase. At the time of writing this article, SHIB price stands at $0.0002548, up almost 7% in the last 24 hours. SHIB is currently ranked 11th by market capitalization according to CoinMarketCap.

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How to Buy Crypto with 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. 

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.

Also Read:

Get to know about Shibaswap and its Token Types

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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.