Decentralized exchange ShibaSwap has migrated to the Shibarium blockchain, moving away from its original foundation. Shibarium operates as an Ethereum layer-2 network, where SHIB tokens are used for transaction fees.
In a nod to its meme coin roots, ShibaSwap has historically adopted canine-themed apps for complex DeFi functions, which has led to some confusion among new users. However, the recent strategic transition is said to be a game-changer for ShibaSwap, setting the stage for some next-level DeFi moves within the Shibarium network.
Shibarium is a key component of the larger strategy to establish as a credible blockchain project. The iconic SHIB tokens, inspired by the Shiba Inu dog breed and the success of , were introduced in August 2020 and quickly rose to become one of the leading meme coins by market capitalization.
Powered by Shibarium, the revamped ShibaSwap is rolling out with some major upgrades. This includes…
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