As a researcher with extensive experience in the crypto space, I’m excited about the recent developments within the Shiba Inu ecosystem. The migration of the ShibaSwap decentralized exchange (DEX) to the Shibarium blockchain is a significant move that will bring reduced fees and enhanced scalability for users. This upgrade aligns with the broader trend towards Layer 2 solutions to address Ethereum’s gas fee issues.
Recent advances in the Shiba Inu community have been numerous and intriguing, making it challenging for followers to stay informed. To help keep you updated, here’s a summary of the most noteworthy happenings within the ecosystem right now.
ShibaSwap Launches On Shibarium Blockchain
The ShibaSwap decentralized exchange (DEX), which debuted on the Ethereum blockchain, has not yet transitioned to using Shibarium, the Layer 2 solution created by the Shiba Inu team. But now, the long-awaited shift is happening: The team has declared that ShibaSwap will soon operate on Shibarium.
From my perspective as an analyst, I’d rephrase it as: According to Bitcoinist‘s report, integrating ShibaSwap DEX into the Shibarium network brings several advantages. Notably, lower transaction fees are among these benefits when using the blockchain.
Shibarium, a secondary Ethereum network, significantly cuts down transaction costs on the blockchain. It offers increased scalability along with newly introduced token liquidity pools as added benefits. Additionally, its team unveiled an updated dashboard and user interface, coupled with technical advancements.
Shiba Inu Is Sponsoring The Major Conferences
As an analyst, I’m excited to share that I’ve noticed the Shiba Inu project has once again taken on the role of a title sponsor for the Blockchain Futurist Conference. This conference holds significant weight in the industry, being recognized as the largest Web3 event in Canada and attracting global leaders in the blockchain sector.
Shiba Inu serves as the primary sponsor not only for the Blockchain Futurist Conference but also for ETHToronto and ETHWomen. These events will be held in Toronto, Canada, spanning over a period of two consecutive days, specifically on August 13-14, 2024.
@Shibtoken is making the future possible again
Shiba Inu is a Title Sponsor of @Futurist_conf – Canada’s Largest Web3 Event!
Come see them at #Futurist24
August 13-14, 2024
Toronto, CanadaYour future will thank you
— Blockchain Futurist Conference (@Futurist_conf) May 15, 2024
Binance Launches Dedicated SHIB Payments Page
Since listing Shiba Inu on its platform, Binance has championed support for the meme coin and devised new methods to maximize investors’ benefits. Most recently, the cryptocurrency exchange introduced a special payments page for Shiba Inu transactions using Binance Pay.
This action simplifies Shiba Inu investment payments through SHIB, offering convenience without complications. Moreover, this platform provides unique perks and zero-fee transactions when processing payments in SHIB.
SHIB Price
Despite all the recent changes, the Shiba Inu token hasn’t fared badly. It may have decreased by 1.24% in the last 24 hours, but it has managed a weekly growth of 6.36%. Most notably, this meme currency has surpassed the resistance level of $0.000024, indicating that it is poised for another surge.
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2024-05-18 03:11