Shiba Inu’s ShibaSwap Gets Support from This Leading DeFi Platform

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Shiba Inu‘s ShibaSwap Gets Support from This Leading DeFi Platform


TL;DR

• DexTools has added support for ShibaSwap, providing advanced DeFi analytics for the SHIB community.
• decentralized exchange It allows users to trade, stake and farm cryptocurrencies, especially those that are part of the shiba inu ecosystem.

ShibaSwap is Now Live Here


DexTools, a popular decentralized finance (DeFi) platform that offers a wide range of tools and resources to help users navigate the ecosystem, has added support for Shiba Inu’s ShibaSwap. According to announcement In X, this development unlocks “advanced DeFi analytics” for the SHIB Army.

Wow! @DEXToolsApp now supports #ShibaSwap. Unlock advancement #DeFi analytics for #SHIBARMY pic.twitter.com/E25mHS6tzS

— ShibaSwapDEX (@ShibaSwapDEX) June 11, 2024

ShibaSwap is a decentralized exchange part of the Shiba Inu ecosystem. It allows users to transact with cryptocurrencies, especially SHIB, LEASH and BONE, without depending on a central authority.

Moreover participants can stake their tokens on ShibaSwap to earn rewards, in yield farming options are also available.

Decentralized exchange earlier this year emigrated Layer-2 scaling solution Shibarium in the form of ShibaSwap 2.0. It includes new features such as improved user transactions for upgrading, adding and reducing liquidity, staking and trend analysis.

“[ShibaSwap 2.0] “it is the reimagined beating heart of a newly forked Shibarium where community tokens can thrive. Shiba Inu Lead Developer Shytoshi Kusama said at the time that this new UX was still an early Shibaswap release and more updates for the product were on the way.

How is Shibarium?


The L2 blockchain solution has made headlines many times since its official launch in August last year as numerous milestones have been surpassed. Total number of blocks processed on the network at the end of May exceeded five million levelPreviously, the total number of transactions exceeded 400 million.

Shibarium Mother Its role is to improve the functionality and scalability of the Shiba Inu ecosystem. It aims to reduce transaction fees, increase speed, and provide infrastructure for decentralized applications on the network. For those who want to learn more about the protocol, feel free to check out our exclusive video below:


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