Opinion: ShibaSwap 2.0 of the Shiba Inu ecosystem migrates to Shibarium

According to CryptoPotato, the Shiba Inu ecosystem is migrating its native decentralized exchange to Shibarium in the form of ShibaSwap 2.0. This DEX will now be available on both Ethereum and Shibarium, the latter being a second-layer blockchain of the SHIB ecosystem focusing on scalable, fast and cheap transactions. According to a press release shared with CryptoPotato, ShibaSwap 2.0 will include new features such as improved user flow for adding and reducing liquidity, staking and trend analysis. It will also provide discovery charts for new and trending tokens and facilitate their entry into the ShibaSwap market. Transaction fees will be partially paid to liquidity providers, enhancing the value of LP tokens they use in swap transactions.

Shytoshi Kusama, Chief Developer of Shiba Inu said in a statement: "[ShibaSwap 2.0] is at the heart of newly designed Shibarium where community tokens can thrive." The total transaction volume on Shibarium network has now exceeded $400 million. Last month developers introduced Fully Homomorphic Encryption (FHE), a technology used to enhance user privacy into SHIB's blockchain ecosystem . On Wednesday , SHIB's price rose by 3%, along with Bitcoin (BTC). Meanwhile BONE ,the governance token for ShibaSwap exchange rose by 7.6%.