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Shiba Inu

Shiba Inu Lead Developer Shytoshi Kusama Reveals The Status Of ShibaSwap 2.0

Scott Matherson
by Scott Matherson
1 year ago
·
Posted in Shiba Inu
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Shiba Inu lead developer, Shytoshi Kusama has announced an exciting new update for the SHIB ecosystem, declaring the imminent rollout of the highly anticipated ShibaSwap 2.0. 

ShibaSwap 1.75 Set To Pave The Way For 2.0

In an X (formerly Twitter) post published by ‘SHIBKIND’ on Monday, April 22, Kusama addressed an inquiry on Shiba Inu’s official Telegram channel regarding ShibaSwap, a Decentralized Exchange (DEX) based on the Shiba Inu token (SHIB). He responded to a community member’s question about the launch timeline for ShibaSwap 2.0, the upgraded version of ShibaSwap, which is expected to come with a variety of new and improved features. 

Related Reading: LUNC Revival Efforts Continue: Terra Community Set To Pass Important Proposal

Kusama clarified that ShibaSwap 1.75 would precede the 2.0 version, paving the way for the ShibaSwap 2.0 to launch on the Shibarium ecosystem. Due to the inconsistencies of the ShibaSwap 1.0, which debuted in 2021, significant developments have been made towards ShibaSwap 2.0, to serve as an updated and enhanced version of the original ShibaSwap. 

This new variant would surpass the limitations of ShibaSwap 1.0 by incorporating an improved architecture, evolving into a fully functional cryptocurrency gateway portal, which enables users to track cryptocurrency trends, news, charts and data. 

Although Kusama has not provided a specific timeline for the launch of ShibaSwap 1.75 or 2.0, the Shiba Inu developer has hinted that it could be “pretty soon.” Additionally, the Shiba Inu lead developer has disclosed plans to partner with key players to facilitate the launch of ShibaSwap 1.75. 

Shiba Inu Witnesses Slight Uptick Following Announcement

Following Kusama’s announcement of ShibaSwap 2.0 launch plans, the price of Shiba Inu experienced a modest increase during the weekend. The cryptocurrency climbed to $0.000027 in the early hours of April 21. Additionally, SHIB recorded a 22.97% increase over the past seven days, according to CoinMarketCap. 

Related Reading: Polygon Is Not Dead: Analyst Predicts 7,800% Breakout To $55 For MATIC

This price increase may be attributed to the community’s positive reaction to the impending launch of ShibaSwap 2.0, which will commence following the 1.75 version. While some members of the Shiba Inu community advocated for launching 2.0 before 1.75, others simply expressed excitement about the forthcoming update and its potential impacts within the Shiba Inu ecosystem.

Despite witnessing a slight increase earlier, the price of SHIB is currently down by 2.32% over the past 24 hours, trading at $0.000026. Additionally, its 24-hour trading volume has declined by 35.55%, amounting to over $623 million. 

Shiba Inu price chart from Tradingview.com

SHIB price holds $0.000026. | Source: SHIBUSDT on Tradingview.com
Featured image from Finbold, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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