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Shiba Inu’s Developer Reveals ShibaSwap As the Official DEX of Shibarium

As one of the market’s most popular cryptocurrencies, Shiba Inu is undeniably a popular cryptocurrency today. However, with the news of its upcoming product, Shibarium, Shiba Inu has made it obvious that the currency is working to improve its platform, introducing new solutions for its investors. 

Recently, Shiba Inu’s developer, Shytoshi Kusama, dropped huge updates about the much-awaited layer-2 project, adding to the community’s expectations. 

He updated his Twitter bio, stating that ShibaSwap is the official DEX for the Shibarium ecosystem and Shiba Inu. 

Furthermore, ShibaSwap’s whitepaper states that the project intends to create a trusted, decentralized marketplace where users may buy, sell, and trade cryptocurrencies. Hence, staking or providing liquidity for the DEX is another way for SHIB, BONE, and LEASH owners to profit from their holdings on ShibaSwap.

Will Shibarium Take Shiba Inu To New Heights?

Shibarium, this much-awaited innovation by Shiba Inu, is designed to be a new blockchain network that aims to simplify and reduce business costs in Shiba Inu (SHIB). Since SHIB is developed on the Ethereum network, users must pay expensive gas fees when transacting. However, investors are often irritated when these costs exceed their initial investment.

Solving this issue for the investors, Ryoshi, founder of Shiba Inu, introduced Shibarium. It is a layer-2 blockchain network focused on cutting gas fees and serving as an internal platform for all transactional needs. Shibarium will be a decentralized application framework that will facilitate innovative usage of blockchain technology, evidently improving Shiba Inu’s adoption and performance in the market. 

Are you excited to explore what the launch of Shibarium will bring to the crypto community? Fasten your seatbelt as it’s almost here!

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