Shiba Inu Developer Announces Upgraded ShibaSwap Launch on Shibarium
The leader of the Shiba Inu development team has announced the imminent launch of the upgraded ShibaSwap decentralized exchange on the Shibarium Layer-2 solution.
Shytoshi Kusama expressed satisfaction with the team’s progress, particularly praising the contributions of top developer Kaal Dhairya, who elaborated on the enhancements to ShibaSwap.
So proud of the improvements and innovations @kaaldhairya and the team have made while bringing #ShibaSwap to #Shibarium. So much more in store as we march forward. Stay tuned #SHIBARMY! https://t.co/FXM5k1eDeA
— Shytoshi Kusama™ (@ShytoshiKusama) May 15, 2024
In a tweet on May 15, Kusama lauded the team’s innovations and hinted at future developments, teasing that there is “much more in store as we move forward.”
Dhairya echoed Kusama’s sentiments, highlighting that the revamped version of ShibaSwap will prioritize the discovery of new meme coins, urging the community to continue their creative endeavors.
He assured users that the SHIB team remains committed to regular updates and improvements, emphasizing a long-term approach focused on sustainability rather than short-term gains.
READ MORE: Robinhood Launches Crypto Staking in Europe
As anticipation builds for the launch of ShibaSwap on Shibarium, the SHIB meme coin has experienced a significant surge in price. Over the past 24 hours, SHIB has seen a substantial 12% increase in value, reaching $0.00002577, with a minor 2% pullback following.
Furthermore, a noteworthy transaction involving the transfer of 3 trillion Shiba Inu, valued at over $74 million, from an undisclosed wallet to the popular trading platform Robinhood within the last 24 hours has contributed to the growing excitement in the market.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
