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.
Blockchain
Singapore Alternative Lending Market Business Report 2024: $6.78 Billion Investment Opportunities to 2028
Singaporean Alternative Lending Market
Blockchain
Germany Alternative Lending Market Business and Investment Opportunities Report 2024: Regulatory Changes, Mergers and Acquisitions, Product Launches and Innovations, Strategic Partnerships
German Alternative Lending Market
Blockchain
ICP Hosts Chain Fusion Hub @ Token2049, Leading Discussions on AI, Web3 & Interoperability
Join the Chain Fusioln Hub events at Token2049 between September 19 and 20 to participate in and learn about Internet Computer Protocol’s cross chain initiative to “unify the web3 experience” by interconnecting multiple blockchains in a decentralized manner.
-
Blockchain Press Releases2 days agoHTX Announces Strategic Partnership with IBEX to Jointly Promote Global Bitcoin and Lightning Network Applications
-
Blockchain Press Releases3 days agoHTX Ventures and HTX DAO Lead Web3 Investments and Innovation Discussions at Korea Blockchain Week 2024
-
Blockchain Press Releases5 days ago
HTX Pioneering P2P Crypto Trading on Telegram with New Mini App, Enjoy Exclusive Perks and Rewards for a Limited Time.
-
Blockchain Press Releases3 days agoVelo Labs Brings BlackRock’s Tokenized Short-Term Treasury Fund to Southeast Asia
-
Blockchain Press Releases2 days agoHTX Ventures: Bitcoin Scripting Advances Unlock Potential for Secure and Scalable BTCFI
-
Blockchain2 days agoCryptoKnights Wraps Season 1, Securing Over $35 Million in Committed Investments
-
Blockchain1 day agoGermany Alternative Lending Market Business and Investment Opportunities Report 2024: Regulatory Changes, Mergers and Acquisitions, Product Launches and Innovations, Strategic Partnerships
-
Blockchain Press Releases2 days agoNomic Announces Support for Ethereum, Bringing Decentralized BTC to the Biggest DeFi Markets
