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CryptoXTimes > Article > News > ShibaSwap Transitions to Shibarium Blockchain, Enhancing Features and Functionality
NewsShiba Inu News

ShibaSwap Transitions to Shibarium Blockchain, Enhancing Features and Functionality

ShibaSwap transitions to Shibarium blockchain, enhancing features and accelerating SHIB burns.

Sana Bukhari
Last updated: May 16, 2024 7:21 pm
Sana Bukhari 1 year ago
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Shibarium Hits 912M Transactions as SHIB Burn Rate Skyrockets

Moving to the Shibarium blockchain, we took a big step forward with the ShibaSwap open market. These updates change and add a lot of new things. For instance, they make SHIB burn stronger. Shiba Inu people are going through big changes.

ShibaSwap is more than just a way to trade now that this is fixed. Parts of the deal now happen on Shibarium and Ethereum because they are becoming less controlled.

🧵 #ShibArmy the wait is finally over — ShibaSwap is coming home to Shibarium!

ShibaSwap is more than just an exchange; it's where our community’s spirit meets innovation, where your community tokens not only exist but thrive pic.twitter.com/fVGEZjynIJ

— Shib (@Shibtoken) May 15, 2024

Thanks to Shibarium, ShibaSwap can now do many new things. The main change is that you can now create trade pools in Shibarium. It is now easier to trade shares between the Shibarium and Ethereum networks, which means that users can get the best of both networks. This makes it simple to trade tokens for better market flow.

ShibaSwap now enables the creation of new liquidity pools on Shibarium (LPs).

Now, seamlessly swap your favorite tokens across both Ethereum and Shibarium, leveraging the best each has to offer. Anyone can add their favorite tokens on ShibaSwap by creating a liquidity pool for…

— Shib (@Shibtoken) May 15, 2024

ShibaSwap Combines Ethereum’s Security with Shibarium’s Cost Efficiency

ShibaSwap is also more useful when it combines Ethereum’s safety with Shibarium’s low cost and big size. These two things make it easier for people to trade and increase liquidity, which makes the market work better and faster.

ShibaSwap may speed up SHIB burns, one of the most important changes. The group grows when people trade and hold. Clients and liquidity providers have to pay more fees when there are more deals.

Shibarium’s method will keep burning base gas fees as the number of deals goes up. In this case, SHIB coins might be burned even faster. The Shiba Inu society will gain from this method because it makes fewer pieces worth more.

The programming team has also changed how ShibaSwap is laid out for users. Now that it’s out there, everyone can understand this better. The new screen makes it easier for everyone to trade and farm by showing which coins many people use. Everyone who buys something should know this.

The Shiba Inu team has hinted at the new versions of ShibaSwap, V2 and V3, which will make the community even better. The updates will add more features, like bigger user interfaces, personalized portfolio pages, and more complicated ways to deal with liquidity and changeable price bands. They’re supposed to make running a business easy and improve cash flow.

ShibaSwap is evolving, not just transitioning.

We’re introducing a fresh dashboard to spot trending tokens along with a revamped user interface that will enhance your trading and yield farming experience, whether you’re a newcomer or a seasoned trader.

Dive into our brand new… pic.twitter.com/nze1tcRNwH

— Shib (@Shibtoken) May 15, 2024

Because of these events, the price of Shiba Inu (SHIB) has increased significantly, meaning buyers feel safer. Analysts think that SHIB will go up because of some reasons. People known for playing come back as joke tokens become more popular. Because of this, SHIB will still grow, and price predictions show that it might do so soon.

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TAGGED: Blockchain, Ethereum, SHIB, ShibaSwap
By Sana Bukhari
Follow:
Sana Ali is a crypto guru who writes helpful articles that reveal complicated ideas in a way that many people can understand. She knows much about blockchain's basic ideas and how it works.
Previous Article US Senators Unveil Ambitious $32 Billion AI and Tech Investment Plan US Senators Unveil Ambitious $32 Billion AI and Tech Investment Plan
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