Blockchain
ShibaSwap rolls out major upgrade, moves to Shibarium
ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.
The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.
Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.
A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.
The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.
The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.
Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.
As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.
Source: cointelegraph.com
The post ShibaSwap rolls out major upgrade, moves to Shibarium appeared first on HIPTHER Alerts.
Bybit Launches Recovery Bounty Program with Rewards up to 10% of Stolen Funds
Blockchain
Blaqclouds, Inc. Announces the Launch of BitNotify.io: The Ultimate Crypto Alert and Notification Platform
-
Blockchain6 days agoBybit Introduces the Physical Card for International Users: Simplifying Cryptocurrency Spending Worldwide
-
Blockchain4 days agoUAE Loyalty Programs Market Databook 2025: A $817.6 Million Market by 2029 – Digital Transformation of Loyalty Programs, Integration with Fintech and Payment Ecosystems
-
Blockchain5 days agoBlocks & Headlines: Today in Blockchain – February 18, 2025: Featuring Bitcoin, Wyoming Treasury, Jamaica, Tether, HyperLiquid, and New York Crypto Task Force
-
Blockchain6 days agoBlocks & Headlines: Today in Blockchain – February 17, 2025: LightChain, Blockchain.com, Polkadot, Colle AI, MEER
-
Blockchain4 days ago
Cycurion (NASDAQ: CYCU) and iQSTEL Form Exclusive Cybersecurity Partnership to Expand into High-Tech, High-Margin Markets
-
Blockchain4 days ago
Blocks & Headlines: Today in Blockchain – February 19, 2025 | Gold Reserve Audit, BlockAid, RYT, Malta, Taitiko, Digift
-
Blockchain5 days ago
$947.94 Bn Loan Brokers Market Trends, Opportunities and Strategies, 2018-2023, 2028F, 2033F: Focus on AI-Powered Automation, Innovative Automated Processes To Streamline Loan Approvals
-
Blockchain3 days ago
Blocks & Headlines: Today in Blockchain – February 20, 2025 | Convergence, LayerZero, Rootstock, VitaminAI, Solpen
