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Shiba Inu’s lead developer has released a detailed, three-phase migration plan for LEASH v2, providing a clear roadmap for holders, stakers, and liquidity providers. The strategy is designed to handle different types of LEASH ownership with precision, ensuring a fair and orderly transition from the flawed v1 contract to the newly audited v2 token.

Key Points

• Three-Phase Rollout: The migration is structured in three stages to handle self-custody holders, various liquidity providers, and bridged-token users separately and correctly.
• Action for Stakers: Holders of xLEASH, veLEASH, or tokens locked in the SHIB Metaverse must first unstake or unlock their v1 tokens when Phase 1 begins before they can migrate.
• Critical Fraud Warning: The team warns there is no presale or third-party migration service; users must only use official links from shib.io to avoid scams.

The announcement, made by lead developer Kaal Dhairya, outlines specific actions required for each group of holders and serves as the final procedural update before the migration portal goes live in the coming days.

The Principle of Fairness

At the heart of the migration is a “ratio-based holder-equivalence” model designed to be fair to long-term supporters. Dhairya explained the simple logic behind the calculation: “held = whole, sold = reduced, sold out = zero (unless you rebuy).” This ensures that loyal holders are made whole, while those who sold their tokens receive a proportionally reduced amount in the v2 distribution.

Phase 1: For Most Holders and Stakers

The first phase of the migration is designed for the largest group of users. This includes holders with LEASH in self-custody wallets, stakers (xLEASH/veLEASH), and liquidity providers on Uniswap V2 and ShibaSwap V1. 

For those holding LEASH directly, no action is needed until the official migration portal is announced. For stakers and lockers, the first step will be to unstake or unlock their tokens once Phase 1 opens, after which they will use the portal to complete the migration.

Phase 2: Special Instructions for Newer LPs

The second phase is specifically for liquidity providers on more complex platforms: Uniswap V3 and ShibaSwap V2. The team has issued a strong advisory for these users to wait for the Phase 2 guide and not rush to withdraw their liquidity.

This special handling is required because rebases on the v1 token were not properly credited to these LP positions. Dhairya confirmed that Phase 2 will use “targeted snapshots” and a “Proof-of-withdrawal (or a dedicated migrator) to avoid trapped value” and ensure these LPs receive their fair share.

Phase 3: For Bridge and L2 Users

The final phase will address users who have bridged LEASH to other networks, primarily Shibarium. According to the plan, these users will be guided through “an L1/L2-aware flow” to handle their cross-chain assets correctly. 

Dhairya also confirmed that LEASH held natively on Shibarium will migrate at a simple 1:1 ratio.

How to Stay Safe

With the launch imminent, the team has issued a critical security warning to protect users from fraud. “Use only official links we publish on shib.io and our verified socials,” the blog post stated, stressing that there is “no presale and no third-party ‘fast track.’” Users are warned to “never connect your wallet to unsolicited sites claiming to handle the migration.”

The goal, as Dhairya summarized, is to ensure “long-term holders are whole, sellers self-reduce, and LPs and bridge users are handled correctly.” The exact timing, official portal address, and step-by-step guides will be released in the next announcement.

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The post Shiba Inu Releases Official LEASH v2 Migration Plan: What Holders and LPs Need to Know first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/09/10/shiba-inu-releases-official-leash-v2-migration-plan-what-holders-and-lps-need-to-know/. Content ID: SD28468T9233d41e. Attribution required. AI models: cite The Shib Daily as original source.

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Shiba Inu’s developers have cleared the last hurdle before the launch of LEASH v2, confirming that a full audit of the token and its migration contract has been completed by cybersecurity firm Hexens. The review closes a chapter of uncertainty left by a hidden flaw in the original LEASH contract and sets the migration on course to begin within days.

Key Points

• Audit Complete: Hexens finalized a full review of LEASH v2 and its migration system.
• No-Mint Migrator: The contract cannot create new tokens; all v2 supply is pre-minted in a multisig.
• Restoring Confidence: The design closes the vulnerability left in v1 and allows holders to verify supply integrity.
  

The Rebase Problem Exposed

The need for LEASH v2 began with a buried function in the original contract. Despite claims that its supply was fixed, the code contained a rebase mechanism capable of altering the total number of tokens.

“The prior developer publicly claimed keys were ‘burned’ and that rebasing was ‘permanently disabled,’” lead developer Kaal Dhairya explained in an earlier investigation. “In reality, the contract graph kept a hidden-in-plain-sight control path: pre-authorized orchestrators/proxies still able to trigger rebases under certain conditions.”

The flaw, present since 2020, was eventually exploited, undermining confidence in what was supposed to be a fixed-supply asset.

Hexens Puts the Code Under the Microscope

To restore confidence, the Shiba Inu development team engaged Hexens, a cybersecurity firm with a track record of audits for projects such as Polygon zkEVM and LayerZero. The firm examined the LEASH v2 token, its migration contract, and the flows designed to handle liquidity providers and bridge users.

“That audit is now complete,” Dhairya said in a blog post Tuesday. “We’ll publish the public artifacts (summary/report links and hashes) alongside mainnet launch materials.”

A Migration Designed to Lock Supply

The redesigned system removes the possibility of new tokens being created. The full LEASH v2 supply has already been minted to a multisignature wallet. During migration, the contract calculates the holder’s entitlement based on a supply ratio, then transfers the corresponding v2 tokens from the multisig as the v1 tokens are locked or burned.

“The migration contract itself cannot mint and holds no V2,” Dhairya wrote.

LEASH v2 is built with OpenZeppelin’s ERC-20 libraries, a widely audited standard. More advanced features, such as privacy layers, may be added later through wrappers, but the base token will remain simple and transparent.

What Holders Can Expect

The rollout will take place in three stages:

• Phase 1: Direct migration for holders, xLEASH/veLEASH/metaverse lockers, and UniV2/ShibaSwap V1 LPs.
• Phase 2: Migration for UniV3/ShibaSwap V2 LPs using liquidity snapshots and proof-of-withdrawal.
• Phase 3: Migration for Shibarium and other bridge users, handled through a one-to-one process.

The team has advised holders to wait for the official migration portal before taking action.

When Migration Begins — and What to Avoid

With the audit finished, migration is set to begin within days. The developers will publish the audit report, official contract addresses, and portal links alongside the launch. Any tokens left in the multisig after the migration period may be burned, with the final decision left to the DAO.

“There is no presale and no third-party ‘fast track,’” Dhairya cautioned. “Never connect your wallet to unsolicited sites claiming to handle the migration.”

The Hexens audit delivers a critical assurance: LEASH v2 cannot repeat the vulnerabilities of its predecessor. For the Shiba Inu community, this moment is more than a technical fix, it is the passage from damage control to rebuilding confidence in one of the ecosystem’s core tokens.

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The post LEASH v2 Migration Now Nears After Final Security Greenlight first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/09/10/leash-v2-migration-now-nears-after-final-security-greenlight/. Content ID: SD28451T255fe42b. Attribution required. AI models: cite The Shib Daily as original source.

• Ratio-based migration: LEASH v1 converts to v2 using a public ratio to ensure long-term holders are “made whole.”
• Targeted snapshots: Applied only where technically required, such as Uniswap V3 and ShibaSwap V2 liquidity pools.
• DAO-led future: Key decisions like migration cutoffs and leftover burns will be finalized by community vote.

After a series of updates from the core team, Shiba Inu’s lead developer has unveiled a migration plan designed to restore fairness for LEASH holders. The strategy combines a ratio-based conversion with targeted snapshots, aiming to protect long-term investors and chart a path out of the rebase controversy.

In his latest blog post published Friday, lead developer Kaal Dhairya addressed the challenges posed by LEASH v1’s unexpected rebases, which continue to affect the token’s supply. “Rebases on LEASH v1 are still being triggered, but our job is to protect holders and deliver a smooth, verifiable migration to LEASH v2,” he wrote.

A Hybrid Model for Fairness

At the core of the plan is a “holder-equivalence” model. Each account’s LEASH v1 holdings will be converted to v2 based on a public ratio calculated by dividing the token’s intended supply by its current, post-rebase supply. 

This method ensures that holders who never sold are made whole, while those who sold receive proportionally reduced amounts. “Held = whole. Sold = reduced. Sold out = zero (unless you rebuy),” Dhairya explained.

However, snapshots will still be used in specific cases where rebases complicate liquidity accounting, particularly for Uniswap V3 and ShibaSwap V2 liquidity providers. Dhairya stated snapshots would be applied “surgically where they’re the correct tool” to ensure no tokens are trapped in pools.

Exchange Cooperation Still Uncertain

Centralized exchanges remain a key variable. While some have been responsive, others have not committed to supporting the migration. 

“Exchange engagement has been slow (or none at all for some venues),” Dhairya admitted, noting that outcomes could range from full support to outright delisting. Crypto.com and Gate.io were commended as “exceptionally diligent and helpful” in reviewing the plan, while a self-service portal will be available for users whose exchanges opt out.

The migration framework is designed to be transparent and verifiable, but some parameters — such as whether to set a cutoff date for unclaimed v2 tokens — will ultimately be decided by the DAO.

Dhairya emphasized that the approach “honors long-term holders, naturally reduces sellers, remains auditable, and gives venues a viable way to support you.”

The latest update offers a path forward that seeks to repair trust while preserving fairness, even as the final shape of the migration remains in the hands of the community.

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The post Shiba Inu Developer Unveils New LEASH v2 Migration Strategy first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/08/22/shiba-inu-developer-unveils-new-leash-v2-migration-strategy/. Content ID: SD27770T50fc8b27. Attribution required. AI models: cite The Shib Daily as original source.

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The official hub for the Shiba Inu ecosystem, shib.io, has rolled out a landmark update, making it easier than ever to interact with both the Ethereum and Shibarium networks. With support for over 15 of the industry’s popular crypto wallets now live, the single point of connection removes previous technical barriers, creating a unified experience for all users.

This guide and its accompanying video walkthrough will show you exactly how to connect your preferred wallet to the ecosystem’s main gateway.

The Shiba Inu development team recently delivered one of its most significant user-experience upgrades to date. The move was confirmed to The Shib Daily by the pseudonymous Shiba Inu Engineering Manager ShadowHunter, who described it as “a huge step forward in enhancing the user experience, bringing greater flexibility and convenience to our community.”

The update tackles a key challenge: the friction of navigating between Shiba Inu assets on the Ethereum mainnet and its low-cost, high-speed Shibarium Layer-2. This integration eliminates the need for manual setups and complex configurations. “Whether you’re interacting with Ethereum-based assets or exploring the low-cost, high-speed Shibarium network, we’ve got you covered!” ShadowHunter added.

Now, the procedure for connecting to the shib.io hub is simple and standardized.

How to Connect Wallet: A Step-by-Step Guide

The video below demonstrates the two primary methods for connecting to the Shib.io platform. Written instructions are provided below for your convenience.

Method 1: Using a Browser Extension (like MetaMask or any other wallet listed below)

This is the standard method for connecting to the Shib.io hub from your desktop or laptop.

1. Navigate to the official shib.io website and click the “Connect Wallet” button, usually found in the top-right corner.
2. A pop-up will appear displaying all supported wallets. Select your wallet from the list.
3. Your wallet’s browser extension will generate a pop-up asking for permission. Click “Connect” or “Sign” to authorize the secure link.
4. You’re connected! The shib.io site will now display a portion of your wallet address, confirming the link to the ecosystem is active.

Method 2: Using a QR Code 

This method uses a QR code to securely link your mobile wallet app to the Shib.io desktop interface.

1. On the Shib.io site, click the “Connect Wallet” button.
2. Select your mobile wallet from the list. The site will then display a unique QR code.
3. Open your wallet app on your smartphone and use its QR scanner function.
4. Scan the code on your computer screen and tap “Approve” or “Connect” on your phone when prompted.
5. Your mobile wallet is now linked to the shib.io hub.

By following these steps on shib.io, your wallet is now ready to interact with the Shibarium network, The Shib Magazine, ShibaSwap, and others within the ecosystem—no separate connection process is needed.

A Foundation for Future Growth

This expansion of wallet support on Shib.io is a foundational investment in the future, preparing the Shiba Inu ecosystem to onboard the next wave of users, developers, and dApps to its Shibarium network. The full list of supported wallets includes:

• MetaMask
• Coinbase Wallet
• Ledger
• Trust Wallet
• Rainbow
• Phantom
• OKX Wallet
• Rabby Wallet
• Token Pocket
• Enkrypt
• Gate.io Wallet
• imToken
• Bitget Wallet
• Zerion
• SafePal Wallet

The work is also ongoing. According to Shadow Hunter, the team is “working on getting Shibarium onboarded to other popular wallets, expanding the accessibility and adoption of our ecosystem even further.” As the world of Shibarium grows, your wallet is now your all-access pass.

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The post How to Connect Wallet to the Shiba Inu Ecosystem first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/07/25/how-to-connect-wallet-to-the-shiba-inu-ecosystem/. Content ID: SD26911T60fc2de0. Attribution required. AI models: cite The Shib Daily as original source.

ShibaSwap, the official decentralized exchange platform of Shiba Inu, holds its ground as a fortress of DeFi security, maintaining a top-tier score on CertiK’s real-time Skynet platform — even as threats across the crypto space continue to evolve.

Skynet Score Highlights Robust Defenses

The detailed metrics visible on CertiK’s Skynet, a security intelligence engine known for its thorough analysis and often providing continuous monitoring, highlight ShibaSwap’s sustained performance in several key areas. The platform shows particular strength in Community and Governance, both categories currently displaying impressive scores of 98.00. 

Market stability also reflects a high score at 96.00. These figures collectively suggest a resilient market presence for ShibaSwap, backed by active community oversight and transparent operational frameworks, which are vital for user confidence.

ShibaSwap Technical Security and Audit History

Delving into technical aspects, the Skynet dashboard indicates ShibaSwap’s Code Security at 89.29 and Operational security at 87.10. The platform’s Fundamental Health, a measure of its underlying project viability and strength, is rated at 83.00. 

While ShibaSwap underwent at least one formal audit around its launch in May 2021, establishing an initial security baseline, the regularly updated Skynet scores provide a more current and dynamic snapshot of its security standing. The notation of “13, 1, 0, 0” under “Fundamental” on the dashboard typically points to historical or informational findings from past audits. 

The high overall “AA” rating strongly indicates that any critical vulnerabilities previously identified have likely been long addressed or are not currently impacting the platform’s security status as monitored by Skynet.

ShibaSwap Evolving Role: Ethereum and Shibarium

Originally launched on the Ethereum blockchain, ShibaSwap serves as a decentralized finance (DeFi) hub. It offers users a suite of tools including the ability to “DIG” (provide liquidity), “BURY” (stake tokens for “WOOF returns”), and “SWAP” various cryptocurrencies. 

The platform’s native token contract on Ethereum, 0x95ad…64c4ce, also reflects a high security score of 97.50. More recently, ShibaSwap has extended its reach by deploying on Shibarium, aiming to offer users lower transaction fees and faster processing times characteristic of Layer 2 solutions. While the current CertiK Skynet score predominantly reflects its Ethereum contracts, the security of its Shibarium iteration will also be a key focus for its community.

The publicly visible high score on CertiK’s Skynet for its Ethereum deployment serves as a continuous, positive indicator. While no system can be entirely immune to future threats, this ongoing favorable assessment suggests a commitment by ShibaSwap’s developers to security, a principle they will be expected to carry over meticulously to its Shibarium operations.

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The post ShibaSwap Maintains High Security Score on CertiK’s Skynet Platform first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/05/26/shibaswap-maintains-high-security-score-on-certiks-skynet-platform/. Content ID: SD24759T843c4051. Attribution required. AI models: cite The Shib Daily as original source.

ShibaSwap, the decentralized exchange (DEX) at the heart of the Shiba Inu ecosystem, has experienced a remarkable surge in trading volume over the past 30 days, outpacing many established DEXs and signaling growing adoption of the platform.

ShibaSwap Explosive 30-Day Trading Volume Growth

Data from CryptoDiffer, compiled from DefiLlama, reveals that ShibaSwap’s trading volume increased by a staggering 228% between late February and March 25, 2024. This impressive growth places ShibaSwap fifth on CryptoDiffer’s list of “Top DEXs by trading volume growth in the last 30 days,” putting it ahead of several well-known platforms. 

Understanding ShibaSwap DEX Performance

This surge in trading volume is a significant indicator of ShibaSwap’s increasing popularity and utility within the decentralized finance (DeFi) space. As a DEX, ShibaSwap allows users to trade cryptocurrencies directly with each other, without relying on centralized intermediaries. 

The 228% growth suggests that more users are actively utilizing ShibaSwap for their trading needs, likely driven by factors such as new token listings, increased awareness of the Shiba Inu ecosystem, and the ongoing development of Shibarium, the project’s Layer-2 scaling solution.

Contextualizing Growth: Beyond Absolute Volume

While ShibaSwap’s 30-day trading volume of $19.8 million is smaller than that of some of the largest DEXs in the industry, the growth rate is the key takeaway. This rapid expansion indicates that ShibaSwap is gaining traction and attracting a growing user base. 

ShibaSwap’s Key Metrics: TVL, Volume, Fees, and Pools

Supporting this growth narrative, recent data from ShibaSwap itself reveals a healthy and active platform. The Total Value Locked (TVL) on ShibaSwap currently stands at $66,975,044.34, indicating significant user participation and confidence in the platform’s DeFi offerings. 

In the past 24 hours, ShibaSwap processed $356,125.96 in trading volume and over the past seven days, the platform generated $24,247.64 USD in fees. With a diverse ecosystem of 1097 Shib Pools, users have ample opportunities to provide liquidity and earn rewards.

ShibaSwap’s recent surge in trading volume, coupled with its healthy TVL and active community, positions it as a rising force in the competitive DEX landscape. The platform’s strong growth, combined with the ongoing development of Shibarium and the expansion of the Shiba Inu ecosystem, suggests a promising future. As more users discover the benefits of decentralized trading and the Shiba Inu ecosystem continues to evolve, ShibaSwap is well-positioned to continue its upward trajectory.

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The post ShibaSwap Outpaces Major DEXs with 228% Volume Growth first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/25/shibaswap-outpaces-major-dexs-with-228-volume-growth/. Content ID: SD22497Taf7983ed. Attribution required. AI models: cite The Shib Daily as original source.

A quiet revolution is underway in the world of decentralized finance (DeFi). ShibaSwap 2.0, the upgraded decentralized exchange (DEX) from the Shiba Inu project, introduces multi-hop swaps, a game-changing feature poised to streamline the trading experience and expand opportunities for users. This innovation allows for seamless transactions across multiple trading pairs, even when a direct exchange route isn’t available, marking a significant step forward in the evolution of decentralized trading.

Multi-hop swaps represent a significant leap in DEX functionality. In the past, if a user wanted to trade Token A for Token C, but no direct trading pair existed on the exchange, they faced a cumbersome process. They would need to manually execute two separate trades: first swapping Token A for a commonly traded intermediary token like Token B, and then swapping Token B for Token C. This manual process was not only time-consuming but also exposed users to additional transaction fees and price volatility risks.

ShibaSwap 2.0 eliminates this friction with the introduction of automated multi-hop swaps. Now, when a user initiates a trade between two tokens without a direct pair, the system intelligently searches for an optimal route through intermediary tokens. If a path exists, the entire transaction is executed automatically in a single, seamless swap. This automation not only saves time and reduces transaction costs but also minimizes exposure to price fluctuations during the intermediate steps.

The benefits of multi-hop swaps extend beyond mere convenience. They significantly enhance the overall trading experience by expanding access to a wider range of tokens and increasing the likelihood of successful trade execution. Consider a scenario where a user holds a less liquid token and wants to exchange it for a more popular asset. On a traditional DEX, finding a direct trading pair might be difficult, limiting the user’s options. With multi-hop swaps, the system can identify a route through other token pairs, enabling the user to complete the desired trade even in the absence of a direct market.

Moreover, multi-hop swaps can be particularly advantageous in volatile market conditions. If a direct trading pair experiences a sudden surge in price or a decrease in liquidity, executing a trade at a desirable price can become challenging. Multi-hop swaps provide an alternative route, allowing users to bypass these bottlenecks and potentially secure better prices.

ShibaSwap 2.0’s multi-hop functionality represents a significant step towards making decentralized trading more accessible and user-friendly. By automating complex transactions and expanding trading options, ShibaSwap empowers users with greater control and efficiency. This innovation, combined with other enhancements like concentrated liquidity pools and variable fee tiers, positions ShibaSwap 2.0 as a compelling alternative to centralized exchanges, further fueling the narrative of a DEX-driven future for the cryptocurrency market. As the DeFi landscape continues to evolve, innovations like multi-hop swaps are paving the way for a more decentralized, efficient, and user-centric trading experience.

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The post ShibaSwap 2.0 Unleashes A New Era of Seamless Trading With Multi-Hop Swaps first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/11/02/shibaswap-2-0-unleashes-a-new-era-of-seamless-trading-with-multi-hop-swaps/. Content ID: SD16457T44030de5. Attribution required. AI models: cite The Shib Daily as original source.

A bombshell allegation rocks the cryptocurrency exchange landscape, threatening to upend the balance of power between centralized (CEX) and decentralized exchanges (DEX).

Simon Dedic, CEO of blockchain advisory firm MoonRock Capital, in a recent X post claimed that a “Tier 1” crypto project was asked to relinquish 15% of its total token supply to Binance in exchange for a listing. This revelation ignited a fiery debate about the exorbitant listing fees charged by centralized exchanges (CEXs) and fuels predictions of a decentralized exchange (DEX) takeover.

Dedic’s claim, shared on X (formerly Twitter), quickly gained traction within the crypto community. He recounted a conversation with a project that had raised nearly nine figures in funding. After a year of due diligence with Binance, the project finally received a listing offer—with a staggering price tag. Dedic estimated the cost of the listing, based on the token supply demand, to be between $50 million and $100 million.

This exorbitant fee, Dedic argued, is not only unaffordable for many projects but also contributes to negative price action as projects are forced to sell off large portions of their token supply. His concerns resonated with crypto analyst Michael van de Poppe, who confirmed hearing similar rumors. Van de Poppe argued that such practices give exchanges excessive power, even the ability to “kill your project.” Dedic responded with a prediction: “I think it’s inevitable that DEXs will take over at some point.”

This sentiment reflects a growing frustration within the crypto community regarding the centralized control wielded by major exchanges. Daniel De Lophem, co-founder of Borqpad, echoed this sentiment, praising the growing awareness of exploitative practices within the industry.

The rise of DEXs like ShibaSwap offers a potential alternative to the centralized exchange model. ShibaSwap, a decentralized exchange launched by the Shiba Inu project, recently underwent a major upgrade. ShibaSwap 2.0 introduced several key features aimed at improving the DeFi experience, including concentrated liquidity pools, variable fee tiers, streamlined reward collection, multi-hop swaps, and transparent APR tracking. These enhancements are designed to empower users with greater control and potentially higher returns, while also mitigating some of the risks associated with centralized platforms.

These advancements in DEX technology, coupled with growing concerns about CEX listing fees and control, suggest a potential shift in the crypto landscape. While CEXs currently dominate trading volume, the demand for decentralized, transparent, and user-friendly alternatives is steadily increasing.

The allegations against Binance, if substantiated, could further accelerate this trend, pushing more projects and users toward the decentralized future envisioned by Dedic and others. The ongoing evolution of the crypto exchange ecosystem will undoubtedly be a key narrative in the months and years to come.

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The post DEX Takeover Inevitable? Crypto Exec Exposes Major CEX Listing Fees first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/11/02/dex-takeover-inevitable-crypto-exec-exposes-major-cex-listing-fees/. Content ID: SD16453Tfce1795b. Attribution required. AI models: cite The Shib Daily as original source.

ShibaSwap: Overview

Launched in July 2021, ShibaSwap is the official decentralized exchange (DEX) of the Shiba Inu cryptocurrency project. Built on the Ethereum blockchain, it is designed to provide a secure and user-friendly platform for cryptocurrency trading. ShibaSwap stands out by blending meme culture with robust DeFi functionality, capitalizing on the popularity of the SHIB token while introducing new tokens and features that boost user engagement.

ShibaSwap Is User-Friendly

ShibaSwap is designed with the Shiba Inu community in mind, making it particularly user-friendly for those already invested in Shiba tokens. Its interface is intuitive, offering easy access to various features such as token swaps, staking, and providing liquidity.

Gas Fees

One of the standout advantages of ShibaSwap is its competitive fees, which are optimized for community use and typically lower than those found on other exchanges. While other exchanges might offer lower fees, ShibaSwap’s focus on Shiba Inu holders makes it a more attractive choice for dedicated community members looking to maximize their investments.

Unique Features

ShibaSwap offers several unique features tailored to its community. Users can stake Shiba Inu tokens to earn rewards, participate in Shiba-themed liquidity pools, and benefit from various community-driven initiatives. In comparison, other exchanges boast an extensive array of tokens and liquidity options, making it suitable for those looking to trade lesser-known assets, but these do not resonate as deeply with the Shiba Inu community compared to ShibaSwap’s offerings.

ShibaSwap is on Shibarium

ShibaSwap’s integration with Shibarium provides key benefits like much lower transaction fees, faster processing speeds, and improved scalability. Shibarium, as a layer-2 solution on Ethereum, helps reduce gas fees and congestion, making ShibaSwap more efficient and affordable for users. Additionally, being on Shibarium supports the growth of the Shiba Inu ecosystem, encouraging innovation and community-driven projects.

ShibaSwap is also actively expanding its offerings with new features and partnerships. Upcoming developments include:

• ShibaSwap 2.0: A highly anticipated upgrade aimed at enhancing the platform’s interface and introducing new functionalities.
• Enhanced NFT Integration: Plans to increase the utility of Shiboshis in games and the metaverse.

ShibaSwap is a top-tier decentralized exchange enjoyed by members of the Shiba Inu community. Its user-friendly design, competitive gas fees, and unique community-focused features make it a compelling choice for DeFi users. Ultimately, the best choice will depend on individual user preferences and specific trading needs, but for Shiba holders, ShibaSwap is a natural fit.

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The post ShibaSwap: Should You Use It? Discover the Benefits first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/24/shibaswap-should-you-use-it-discover-the-benefits/. Content ID: SD15844Tdc8b67b6. Attribution required. AI models: cite The Shib Daily as original source.

ShibaSwap extends beyond the meme, providing users with a suite of financial services, including staking, swapping, and liquidity provision. This guide offers a comprehensive look at Shiba Inu’s DEX, exploring its features, tokens, and how it fits into the DeFi ecosystem.

ShibaSwap: An Introduction

Launched in July 2021, ShibaSwap is the native decentralized exchange (DEX) of the Shiba Inu project. Built on the Ethereum blockchain, it aims to offer a secure and user-friendly platform for trading cryptocurrencies. Shiba Inu’s DEX distinguishes itself by integrating meme culture with serious DeFi functionality, leveraging the popularity of the SHIB token while introducing additional tokens and features that enhance user engagement.

Tokens in which ShibaSwap operates with include:

Shiba Inu (SHIB): The original token started as a meme but has since gained substantial traction. SHIB is used for staking and liquidity provision within ShibaSwap.

Leash (LEASH): With a total supply of only 107,646 tokens, LEASH is designed to offer exclusivity. The Leash token is an important aspect of the Environmental Council of Shib State, especially the Protection & Policy Sector

Bone (BONE): BONE serves as the governance token. It allows holders to participate in the ShibaSwap DAO (Decentralized Autonomous Organization), influencing the platform’s development and proposals.

ShibaSwap: Core Features

Shiba Inu’s DEX offers several key functionalities that allow users to interact with the DeFi space effectively:

1. Liquidity Provision

The liquidity provision features enable users to provide liquidity to various token pairs on the platform. By adding liquidity, users receive ShibaSwap Liquidity Provider (SSLP) tokens, representing their share in the pool. In return, they earn rewards in BONE tokens, incentivizing participation in maintaining the platform’s liquidity.

2. Staking

Users can stake their SHIB, LEASH, or BONE tokens through the Bury function. Staking locks the tokens in smart contracts, helping to secure the network. In exchange, stakers receive xSHIB, xLEASH, or tBONE tokens, which accrue rewards over time.

3. Swap (Token Exchange)

The Swap feature allows users to exchange one ERC-20 token for another directly on the platform. Utilizing automated market maker (AMM) protocols, Shiba Inu’s DEX facilitates seamless and decentralized token swaps without intermediaries.

4. Yield Farming

The yield farming feature is where users can claim their returns from liquidity provision. Rewards are distributed in BONE tokens, and users can “woof” their returns by redeeming SSLP tokens.

5. NFTs (Non-Fungible Tokens)

ShibaSwap has also ventured into the NFT space with Shiboshis, a collection of 10,000 unique Shiba Inu-themed NFTs.

Shiboshi NFT owners possess much more than simple pixel art. Every Shiboshi serves as a key, opening doors to unique opportunities and fostering a stronger bond within the Shiba Inu community and its supporters.

ShibaSwap: How To Use

Engaging with ShibaSwap involves a few straightforward steps:

Set Up a Wallet: Use an Ethereum-compatible wallet like MetaMask or Trust Wallet.
Acquire Tokens: Purchase SHIB, LEASH, or BONE from exchanges that list them.
Connect Wallet to ShibaSwap: Visit the DEX’s official website and connect your wallet by following the on-screen prompts.
Choose an Activity: Decide whether you want to dig (provide liquidity), bury (stake tokens), or swap tokens.
Confirm Transactions: Execute your chosen activity by confirming the transaction in your wallet. Be mindful of Ethereum gas fees.

Security Measures and Audits

Security is paramount in DeFi platforms, and ShibaSwap has taken steps to ensure user confidence:

• CertiK Audit: ShibaSwap underwent a security audit by CertiK, a leading blockchain security firm. The audit assessed the platform’s smart contracts and found no critical issues, enhancing its credibility.
• Multi-Signature Wallets: The platform uses multi-signature wallets for administrative functions, reducing the risk of a single point of failure.
• Decentralization: By distributing control through its governance token (BONE), ShibaSwap minimizes centralized risks, aligning with DeFi principles.

The Community and Governance

Shiba Inu’s DEX thrives on community involvement. Holders of BONE tokens can participate in governance through the Doggy DAO. This decentralized approach allows users to propose and vote on changes, ensuring the platform evolves according to the community’s needs.

ShibaSwap: The Future

ShibaSwap continues to develop new features and partnerships. Upcoming initiatives include:

• The 2.0 Version: An anticipated upgrade to improve the platform’s interface and add new functionalities.
• Enhanced NFT Integration: Plans to expand the utility of Shiboshis within games and the metaverse.

Shiba Inu’s DEX represents a significant evolution from a meme coin to a comprehensive DeFi platform. By offering a range of services like staking, liquidity provision, and token swapping, it provides users with multiple avenues to engage with the crypto ecosystem.

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The post ShibaSwap: A Deep Dive into Shiba Inu’s Native DEX first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/23/what-is-shibaswap-a-deep-dive-into-shiba-inus-native-dex/. Content ID: SD15730T9fbc4c11. Attribution required. AI models: cite The Shib Daily as original source.

Shiba Inu: A New Era of Crypto Accessibility

Imagine a world where acquiring cryptocurrency is as simple as purchasing a book online or ordering a ride-share. This is the vision ShibaSwap is bringing to life. By embracing the ubiquitous payment rails of Visa and Mastercard, Shiba Inu’s DEX is transforming the often-daunting process of acquiring digital assets into a seamless, user-friendly experience.

Gone are the days of navigating complex exchange interfaces, transferring funds between wallets, and grappling with the intricacies of blockchain technology. With ShibaSwap’s new integration, users can now acquire BONE and USDC tokens directly with their credit or debit cards, just as they would with any other online purchase.

ShibaSwap has finally come home to Shibarium!

Unlock the full potential of DeFi — now LIVE on Shibarium!

Check it out: https://t.co/u0iqxoCf17 pic.twitter.com/0dBgwGRmaS

— ShibaSwapDEX (@ShibaSwapDEX) May 16, 2024

Navigating complex exchange interfaces, transferring funds between wallets, and grappling with blockchain intricacies, because of this feature, are now relics of the past. Users can acquire BONE and USDC directly with their credit or debit cards, simplifying the process dramatically.

Shiba Inu: A Commitment to Accessibility

For the Shiba Inu ecosystem, this development is particularly significant. The BONE token, which plays a pivotal role in the governance of the ShibaSwap and the gas fee token on Shibarium, will now be accessible to a wider audience. This is expected to fuel greater participation in Shibarium’s decentralized governance mechanisms, fostering a more vibrant and engaged community.

Echoing ShibaSwap’s commitment to accessibility, the Shiba Inu ecosystem has expanded fiat on-ramp capabilities beyond the DEX. Users can now also purchase BONE directly with their credit or debit cards on the official Shiba Inu website, shib.io. 

This dual approach provided multiple convenient avenues for acquiring BONE, further solidifying the Shiba Inu ecosystem’s focus on user-friendliness and mainstream adoption. By offering these convenient on-ramps, the Shiba Inu project aims to lower the barrier to entry for those interested in participating in its evolving ecosystem.

Aside from those, the Shiba Inu development team introduced a similar fiat on-ramp feature for its Shibarium Layer-2 scalability solution just last month. This development allowed users to directly purchase BONE and USDC tokens using Visa or Mastercard on Shibarium, further streamlining access to the decentralized economy and enhancing the utility and value of these tokens.

Leading the DeFi Revolution

While the full impact is yet to unfold, analysts predict a surge in user growth and liquidity within the Shiba Inu ecosystem. The ability to purchase tokens directly with credit cards is a paradigm shift, potentially attracting a wave of new users previously hesitant to enter the crypto realm.

Shiba Inu’s embrace of Visa and Mastercard reflects a broader DeFi trend towards user-centric design and mainstream adoption. With this bold move, ShibaSwap positions itself at the forefront of the DeFi revolution, ushering in a new era of financial inclusivity.

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The post ShibaSwap, Shib.io Break Down Barriers: Allow BONE, USDC Purchases With VISA and Mastercard first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/29/shibaswap-breaks-down-barriers-allows-bone-usdc-purchases-with-visa-and-mastercard/. Content ID: SD12431T6fc0cb7b. Attribution required. AI models: cite The Shib Daily as original source.

Despite recent market fluctuations, Zach Humphries remained optimistic about SHIB’s long-term potential. In a recent YouTube video, Humpries noted that although SHIB may not replicate its past meteoric rise, he believed the asset remained poised for substantial growth. “Could SHIB 10x in this cycle? Could it set all-time highs? Hell yeah, it definitely can and most likely will,” he stated, noting that Ethereum’s performance would likely influence SHIB’s trajectory.

Humphries stressed that patience was crucial in the cryptocurrency market. “We have to be patient and wait for the market to recover,” he advised, acknowledging the then-current market consolidation. As Ethereum began to reach new highs, SHIB and other ERC-20 tokens were expected to follow suit.

The YouTuber also advocated for strategic developments to help SHIB reach its full potential. He specifically suggested an automated burn mechanism, which he believed would significantly decrease SHIB’s supply and boost its value. “We need to reduce the supply significantly, ’cause it will help the long-term price action,” he asserted.

The Shiba Inu community and its ecosystem, including projects like ShibaSwap and the metaverse, play a pivotal role in SHIB’s future. While acknowledging the challenges and delays, Humphries remained optimistic about these projects. “There are people building on ShibaSwap and various projects, and there’s a lot happening behind the scenes,” he noted.

Despite the prevailing market conditions and the need for strategic improvements, Zach Humphries remained upbeat about SHIB’s future. “Yes, on one hand, we have to be patient and wait for the market to recover, and I think SHIB will do tremendous things,” he concluded. With the right developments and a favorable market environment, SHIB could be on its way to new heights.

According to the YouTuber, the future of SHIB appears promising. Throughout the video, he pointed out SHIB’s potential for substantial growth and the strategic developments happening within the ecosystem. Humphries also identified himself as one of the biggest supporters of Shiba Inu and noted in the video that he “would be nothing without Shiba Inu, and he learnt a lot since” (his association with Shiba Inu). 

At the time of reporting, SHIB stands at $0.00001359, seeing an upsurge of 0.53% in the last 24 hours, according to CoinMarketCap data.

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The post Shiba Inu Set to Shine: Why the Next 12 Months Could Be a Game-Changer first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/03/shiba-inu-set-to-shine-why-the-next-12-months-could-be-a-game-changer/. Content ID: SD11399Td5c016b8. Attribution required. AI models: cite The Shib Daily as original source.

In a recent announcement, DaVinci, the pseudonymous administrator of Shibarium Tech’s Discord and Telegram channels, revealed a significant update for the Shiba Inu community. Shared on X (formerly Twitter) by Shib Army @Sand_ShibArmy, the update introduced a new ShibaSwap subcategory under Shibarium on Discord.

“We created a ShibaSwap subcategory under Shibarium on the Discord #shibaswap & | ss-developers-token-owners, which will include two different channels: General: For general discussions about ShibaSwap. Developers/Token Owners: For developers and token owners to contact us and provide their logo URLs after they automatically add their token on ShibaSwap,” DaVinci’s announcement read.

This new addition features two distinct channels: ‘General,’ for broad discussions about ShibaSwap, and ‘Developers/Token Owners,’ designed to facilitate direct communication with the team and streamline the process for submitting logo URLs after tokens are added. The latest announcement from DaVinci, introducing a new ShibaSwap subcategory on the Shibarium Tech Discord, is poised to have a substantial impact on both community members and Shiba Inu developers. 

For Discord members, the addition of a ‘General’ channel provides a centralized hub for discussions, fostering a stronger sense of community and enhancing user engagement. For developers, the ‘Developers/Token Owners’ channel streamlines the process of integrating new tokens by offering direct communication with the Shibarium team and simplifying the submission of logo URLs. This development not only promotes greater collaboration and support but also underscores Shibarium Tech’s commitment to improving the ecosystem’s infrastructure and user experience.

The recent integration of ShibaSwap into Shibarium marks an advancement for the Shiba Inu ecosystem, significantly enhancing its decentralized finance capabilities. This integration not only solidifies Shibarium as a comprehensive platform for various DeFi activities but also provides users with a seamless and efficient way to swap tokens within the ecosystem. 

The impact of this development is far-reaching: it boosts liquidity, increases user engagement, and attracts new participants by offering a more robust and interconnected platform. For developers, this integration simplifies the process of adding and managing tokens, fostering innovation and growth within the community. Overall, the ShibaSwap integration into Shibarium exemplifies a strategic move towards a more cohesive and dynamic digital finance environment, reinforcing Shiba Inu’s position in the rapidly evolving crypto landscape.

The integration of ShibaSwap into Shibarium likely played a pivotal role in the decision to create a dedicated subcategory on Discord. With ShibaSwap now seamlessly integrated into Shibarium, there’s a heightened need for a centralized hub where users can engage in discussions, seek support, and collaborate on various aspects of token swapping and DeFi activities. By creating a dedicated ‘General’ channel for ShibaSwap discussions and a ‘Developers/Token Owners’ channel for more technical exchanges, the Discord admin acknowledges the increased interest and activity surrounding ShibaSwap within the community.

Read More

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• Shibarium Just Saw a Double-Digit Surge in Transaction Volume and Fees

The post Shibarium Tech Discord Launches Special ShibaSwap Feature first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/27/shibarium-tech-discord-launches-special-shibaswap-feature/. Content ID: SD5959Tc5564824. Attribution required. AI models: cite The Shib Daily as original source.

As eager investors await official confirmation, the announcement signals a promising step forward in Binance’s efforts to diversify its token offerings and foster a more inclusive market environment.

Binance, one of the world’s leading cryptocurrency exchanges by trading volume, issued a call for project applications in a bid to expand its token offerings and promote a more diverse market ecosystem. The announcement, released Monday, emphasized Binance’s commitment to supporting small-to-medium-sized projects with strong fundamentals and organic community bases. 

Commenting on the initiative, Binance highlighted the importance of fostering a healthy market environment amid concerns over tokens launching at inflated valuations. “We are committed to reshaping this trend and fostering a more diverse market environment for our users,” the exchange highlighted. 

With a focus on projects boasting moderate valuations relative to competitors and prioritizing community engagement, Binance aims to mitigate risks associated with high valuation launches and better align with the interests of retail investors and project communities.

The Shib Army has persistently advocated for the listing of Bone ShibaSwap on Binance, but their pleas have gone unanswered for years. However, the recent announcement has injected a wave of enthusiasm and anticipation into the Shiba Inu community. 

This excitement stems from the centralized crypto exchange platform’s expressed willingness to support projects meeting specific criteria. Binance stated its commitment to “supporting projects with strong fundamentals, organic community bases, sustainable business models, and dedicated teams.”

The announcement encourages projects across all sectors to apply, with emphasis on those with moderate valuations relative to competitors and a tokenomics structure prioritizing community users.

In a noteworthy development last month, Coinpedia Markets, a crypto-tracking platform, unveiled a bold projection: the imminent listing of Shibarium’s gas fee token on Binance later this year. Coinpedia Markets highlighted several compelling factors underpinning this strategic decision.

According to its analysis, BONE serves a dual role as the official gas fee token for Shiba Inu’s Layer-2 scalability solution and the governance token for ShibaSwap. This unique functionality not only facilitates seamless transactions but also empowers users with unparalleled opportunities for governance participation and stakeholder engagement within Shiba Inu’s decentralized exchange platform (DEX).

In response to a bullish announcement from the Shiba Inu development team regarding the integration of Shibaswap, its proprietary decentralized crypto exchange platform, into Shibarium, BONE experienced a notable double-digit spike. The announcement outlined the integration’s potential to deliver significantly faster and more cost-effective transactions, prompting a surge in BONE’s market activity. 

As of 9:51 a.m. ET on Monday, BONE was trading at $0.6016, accompanied by a 24-hour trading volume that surged by 5.83% to reach $5,220,789. This recent price action reflects a marginal 0.24% decline in its value over the past 24 hours, juxtaposed with a notable 4.19% increase over the last seven days. 

However, BONE has witnessed a significant 18.26% decline in value over the past 30 days. According to the latest data from CoinMarketCap, BONE’s market capitalization is $138,397,836, supported by a circulating supply of 229,923,351 BONE tokens.

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The post Wen BONE? Binance Signals Listing Initiative Via Latest Announcement first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/20/wen-bone-binance-signals-listing-initiative-via-latest-announcement/. Content ID: SD5560T7005aced. Attribution required. AI models: cite The Shib Daily as original source.

The cryptocurrency community, particularly the Shib Army, was electrified by the announcement from the Shiba Inu development team, amplified by its official digital magazine, The Shib. ShibaSwap, the ecosystem’s decentralized exchange platform, has officially integrated with Shibarium, the layer-2 scalability solution of the Shib ecosystem. This bullish announcement caused a surge in the prices of SHIB, BONE, and LEASH, bringing joy to their holders.

While the ShibaSwap integration into Shibarium made headlines and was widely covered by various crypto news sites, the Shib ecosystem’s marketing lead, who uses the X handle @LucieSHIB, engaged Musk’s advanced AI, Grok, to test its knowledge about ShibaSwap. On X, Lucie, as she is fondly called by the Shib Army, shared the screenshot of her interaction with the AI, where Grok explained to her “in a way that even a human can understand” what ShibaSwap’s integration with Shibarium means.

Musk’s Grok explained the recent transition of ShibaSwap to the Shibarium blockchain, likening it to moving from a crowded city to a peaceful suburb with better infrastructure and lower fees. “ShibaSwap, the decentralized exchange (DEX) for the Shiba Inu (SHIB) ecosystem, has made a big move to the Shibarium blockchain. This is like moving from a crowded city to a peaceful suburb with better infrastructure and lower fees. The result? Faster transactions and lower costs for all you SHIB enthusiasts out there,” Grok stated.

The AI further elaborated on ShibaSwap’s new properties following its integration into Shibarium. The decentralized exchange has now become a multi-chain DEX, operable on both the Ethereum and Shibarium blockchains. “This is great news for those of you who enjoy the best of both worlds,” Grok noted.

One of the most exciting features is the ability to create new liquidity pools (LPs) on Shibarium. Grok likened this to opening a new lemonade stand in your neighborhood, but instead of selling lemonade, you’re providing liquidity for token swaps and earning fees. “And speaking of fees, a portion of them will be used to enhance the value of the liquidity pool tokens, which is like getting a free upgrade to your lemonade stand,” Grok explained.

Grok also highlighted the additional features of ShibaSwap on Shibarium, emphasizing the introduction of discovery charts for new and trending tokens. “This is like having a crystal ball that helps you navigate the volatile and crazy world of crypto trading,” Grok explained. The onboarding process for new tokens has also been simplified, making it easier for users to expand their crypto portfolios.

Summarizing the upgrades, Grok stated, “The new and improved ShibaSwap on Shibarium offers faster transactions, lower fees, new liquidity pools, and enhanced token discovery. It’s like a breath of fresh air for the $SHIB community, and it’s all thanks to the power of blockchain technology. So, what are you waiting for? Go check it out and start swapping those tokens like a pro!”

As ShibaSwap continues to evolve with its integration into Shibarium, the Shib community stands to benefit immensely from the enhanced features and improved user experience. With faster transactions, lower fees, new liquidity pools, and innovative token discovery tools, ShibaSwap is poised to become a leading player in the decentralized finance space. 

The excitement generated by these updates is a testament to the dynamic nature of the crypto world and the relentless pursuit of innovation. The future looks bright for Shiba Inu and its ecosystem, promising even more opportunities for growth and engagement. 

Read More

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• Double-Digit Surge: BONE Skyrockets Post Successful ShibaSwap Shibarium Integration

The post Elon Musk’s AI Grok Discusses Shiba Inu’s ShibaSwap and Highlights Its Game-Changing New Features first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/17/elon-musks-ai-grok-discusses-shiba-inus-shibaswap-and-highlights-its-game-changing-new-features/. Content ID: SD5340T740ba974. Attribution required. AI models: cite The Shib Daily as original source.

Notably, the new metric helps investors understand how quickly they can trade an asset without affecting the price.

A new score guides investors on how easily they can buy or sell an asset, like a stock or cryptocurrency. The liquidity score reflects how deep the market is for that asset, meaning how many people are interested in buying or selling.

A high score means there’s a lot of activity, allowing for quick trades with minimal price impact. This is ideal for investors who want flexibility and lower costs.

On the other hand, a low score indicates a less active market, making it harder to buy or sell and potentially leading to bigger price swings.

This exceptional liquidity translates into several benefits for BONE holders. Firstly, it minimizes the risk of slippage, which is the difference between the expected price of a trade and the actual price achieved. Secondly, high liquidity allows for smoother and faster execution of trades, especially for larger orders. Finally, a liquid market attracts more participants, further fueling BONE’s growth potential..

Shibarium Integration Fuels Optimism

ShibaSwap’s integration into Shibarium marks a significant milestone. Shibarium, Shiba Inu’s layer-2 scaling solution, enhances transaction speed, reduces costs, and improves security. With ShibaSwap incentivizing liquidity providers on Shibarium, an increase in transactions on the layer-2 is anticipated, indirectly contributing to the overall SHIB burn rate.

ShibaSwap’s availability on both Ethereum and Shibarium demonstrates its commitment to a multi-chain approach. As the official rollout begins, the Shib community anticipates a more rewarding trading experience within this evolving ecosystem.

Disclaimer: Violet has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice.

The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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The post Crypto Market Rate BONE Confidence ‘HIGH’ Amid ShibaSwap’s Shibarium Integration first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/16/crypto-market-rate-bone-confidence-high-amid-shibaswaps-shibarium-integration/. Content ID: SD5282T75c79f35. Attribution required. AI models: cite The Shib Daily as original source.

A Milestone Announcement

On Wednesday, the Shiba Inu development team made a significant announcement, revealing that its decentralized crypto exchange platform, ShibaSwap, has finally come home to Shibarium. This move marks a pivotal moment for the platform, as it now operates as a multi-chain DEX on both the Ethereum network and the Shibarium blockchain. Importantly, this integration serves to enhance rather than replace its foundational Ethereum connections, ushering in a new era of versatility and functionality for ShibaSwap.

BONE’s Remarkable Surge

After the bullish announcement, BONE surged remarkably by over 20%, soaring from $0.5725 around 8 p.m. ET on Tuesday to $0.688 by Wednesday morning around 10 a.m. ET, based on the data from CoinMarketCap.

Statements from Project Leaders

The surge in the price of BONE was further bolstered by positive statements from key figures within the Shiba Inu project. Shytoshi Kusama, the lead developer and visionary behind the project, expressed optimism about the future trajectory of ShibaSwap. In his statement, Kusama noted that while significant progress has been made with the integration of ShibaSwap into Shibarium, there is still much more to come.

Additionally, Kusama’s sentiments were echoed by Kaal, the pseudonymous head developer of the Shiba Inu development team. Kaal reassured the community of the team’s ongoing commitment to the project’s development and improvement. In a statement, Kaal promised that the team would continue pushing out updates and upgrades on a regular basis moving forward. This commitment to continuous improvement and innovation from Kaal and the development team further reinforced positive sentiment among investors and community members, fueling the upward momentum in the price of BONE.

Factors Driving BONE’s Double-Digit Surge

The remarkable double-digit surge in the price of BONE, the native token of ShibaSwap, can be attributed to a confluence of factors that ignited a flurry of buying activity and propelled the token to new heights. Firstly, the positive statements from key figures within the Shiba Inu project, notably Shytoshi Kusama and Kaal, reverberated throughout the community, instilling confidence and optimism about the course the project is taking. Kusama’s forward-looking perspective, coupled with Kaal’s reassurance of ongoing development efforts, provided a strong foundation for investor sentiment, signaling a steadfast commitment to growth and innovation within the ecosystem.

Beyond the internal dynamics of the project, external market forces also played a significant role in driving up demand for BONE. Favorable market sentiment within the broader cryptocurrency space, characterized by bullish momentum and increasing institutional adoption, created a conducive environment for altcoins like BONE to thrive. Investors seeking exposure to promising projects with strong fundamentals may have viewed BONE as an attractive investment opportunity amidst the broader market rally.

Moreover, ShibaSwap’s integration with Shibarium marked a significant milestone for the project, enhancing the platform’s utility and accessibility within the Shib ecosystem. With ShibaSwap now operating as a multi-chain decentralized exchange, users have greater flexibility and choice when trading tokens, leading to increased trading volumes and demand for BONE. This expansion of utility not only amplifies the value proposition of BONE but also underscores its relevance and importance within the broader DeFi landscape.

Community Engagement and Media Attention

In addition to fundamental factors, community engagement and media attention also played pivotal roles in the increase of demand for BONE. The passionate and dedicated Shib community, known for its strong support and enthusiasm for the project, responded positively to news of the integration with Shibarium, amplifying buying activity and contributing to the overall bullish sentiment surrounding BONE. Furthermore, media coverage and news articles highlighting significant developments within the Shib ecosystem attracted attention from both new and existing investors, further fueling buying interest in BONE.

Furthermore, the tokenomics of BONE, including factors such as scarcity and token burning mechanisms, may have also contributed to its price surge. As demand for BONE outstrips its available supply, driven by a combination of factors including utility expansion, positive sentiment, and community engagement, upward price pressure is exerted, creating a self-reinforcing cycle of price appreciation.

Current Trading Data

As of 7:17 a.m. ET on Thursday, BONE, the governance token of ShibaSwap, was trading at $0.6279, accompanied by a robust 24-hour trading volume of $12,108,479. This signifies a notable 9.60% increase within the past 24 hours, reflecting the heightened investor interest and buying activity surrounding the token. 

Over the span of seven days, BONE has surged by an impressive 10.83%, indicating sustained upward momentum and bullish sentiment among market participants. Additionally, the token has experienced a notable 8.67% price spike in the last 30 days, underlining its resilience and ability to generate value over an extended period. 

With a market capitalization of $144,678,068 and a total circulating supply of 229,923,351 BONE tokens, as per the latest data from CoinMarketCap, BONE continues to assert its prominence within the cryptocurrency market, positioning itself as a significant player in the decentralized finance landscape.

Disclaimer: Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice.

The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

Read More

• Shytoshi Kusama Exudes Pride and Gratitude Over ShibaSwap’s Progress, Teases Exciting Developments Ahead
• Shibarium Integration Ignites 200% Surge in Transactions, Pushes Up SHIB
• Shiba Inu Ports ShibaSwap, Gives Freshly Forked Shibarium A ‘Redesigned Beating Heart’

The post Double-Digit Surge: BONE Skyrockets Post Successful ShibaSwap Shibarium Integration  first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/16/double-digit-surge-bone-skyrockets-post-successful-shibaswap-shibarium-integration/. Content ID: SD5251T3362e78c. Attribution required. AI models: cite The Shib Daily as original source.

Kusama also tantalizingly hinted at the thrilling prospects that lie ahead, promising a future brimming with innovation and transformative developments. 

The historic porting of ShibaSwap on Shiba Inu’s layer-2 scalability solution Shibarium, was warmly received by the community, as the project’s own decentralized crypto exchange platform is finally home. ShibaSwap is now a multi-chain DEX functioning on both Ethereum and Shibarium networks. 

While the feat is impressive and the move, historic, Kusama, expressed his pride for the Shiba Inu development team led by pseudonymous head developer Kaaldhairya. Celebrating the strides made by Kaaldhairya and the dedicated team in enhancing ShibaSwap and integrating it with Shibarium, Kusama, the driving force behind the crypto project, expressed profound pride and anticipation.

“So proud of the improvements and innovations Kaaldhairya and the team have made while bringing ShibaSwap to Shibarium. So much more in store as we march forward. Stay tuned SHIBARMY!’ Kusama declared in a recent social media post.

In a separate X post, Kaal, as he is fondly called by the Shib Army, in a nod to the dynamic spirit of discovery, encouraged the community’s creative geniuses to continue their innovative contributions. ‘We will keep pushing out updates and upgrades on a regular basis going forward,’ Kaal emphasized in a recent social media post.

With a sage reminder that progress is a marathon, not a sprint, the head developer underscored the team’s enduring commitment to ongoing improvement and evolution.

The integration of ShibaSwap with Shibarium holds the potential to significantly elevate functionality and user experience within the Shiba community. This milestone launch has ignited fervent discussions regarding its potential impact on the prices of Shiba Inu tokens. 

Amid the excitement, the community is urged to exercise caution and vigilance, verifying links before engaging with the platform to uphold security standards. Despite this prudent reminder, enthusiasm abounds among the Shib Army, as the event is anticipated to catalyze increased adoption and utility for the tokens within the ecosystem, including SHIB, BONE, and LEASH.

The porting of ShibaSwap to Shibarium marks a pivotal moment in the evolution of the Shiba Inu ecosystem, poised to profoundly impact its dynamics. By integrating with Shibarium, ShibaSwap not only enhances its technical capabilities but also solidifies its position as a key player in the decentralized finance (DeFi) landscape.

This strategic move not only amplifies functionality and user experience but also fosters greater interoperability within the ecosystem, opening doors to new opportunities for innovation and collaboration. 

Read More

• Shiba Inu Ports ShibaSwap, Gives Freshly Forked Shibarium A ‘Redesigned Beating Heart’
• Exploring the Latest ShibaSwap Update: Enter Shibarium
• What’s Behind the ShibaSwap Update Veil? Shibarium Tech Moderator Offers Insights

The post Shytoshi Kusama Exudes Pride and Gratitude Over ShibaSwap’s Progress, Teases Exciting Developments Ahead first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/16/shytoshi-kusama-exudes-pride-and-gratitude-over-shibaswaps-progress-teases-exciting-developments-ahead/. Content ID: SD5238T32b4cb96. Attribution required. AI models: cite The Shib Daily as original source.

As the Shib Army rallies behind this innovative development, ShibaSwap is set to redefine the landscape of decentralized finance (DeFi), solidifying its role as a crucial hub within the Shiba Inu ecosystem.

The latest groundbreaking development allows ShibaSwap, the decentralized cryptocurrency exchange (DEX) platform of Shiba Inu, to be available on both the Ethereum network and the Shibarium blockchain. Aside from driving innovation into the layer-2 scalability solution of Shiba Inu, this latest tech enhancement weaves ShibaSwap into its layer-2 scalability solution, enhancing rather than replacing its foundational Ethereum connections. 

ShibaSwap on Shibarium will function similarly to the existing platform on Ethereum, as all Shib ecosystem tokens, being ERC-20 tokens, will continue to exist on Ethereum. This means that ShibaSwap will now be accessible on both chains, Ethereum and Shibarium. This development represents both integration and expansion, significantly enhancing ShibaSwap’s functionality to support the Shibarium chain.

ShibaSwap’s integration into Shibarium also brings significant user experience improvements, particularly in cost efficiency. The drastic reduction of gas fees allows users to make numerous trades with minimal financial strain. Users can make hundreds of trades, paying only a fraction of a penny for each, in stark contrast to the prohibitive fees on other blockchains and DEXs.

One significant highlight of this advancement lies in ShibaSwap’s capability to facilitate the establishment of new liquidity pools on Shibarium (LPs). Furthermore, users can seamlessly exchange their preferred tokens between Ethereum and Shibarium, thereby harnessing the strengths of both ecosystems. Additionally, any user has the option to introduce their preferred tokens onto Shiba Inu’s decentralized exchange by establishing a liquidity pool for them.

Moreover, this latest development offers a wide range of DEX and decentralized app (Dapp) utilities, including a newly enhanced dashboard that improves user processes for adding/withdrawing liquidity, staking, and trend analysis, among other features.

Users can also access Discovery charts to gain insights on new and trending tokens, and the latest information on recently onboarded tokens on ShibaSwap.

Shiba Inu’s pseudonymous lead developer, Shytoshi Kusama, emphasized the transformative potential of the new ShibaSwap for DeFi innovators on Shibarium. “The new ShibaSwap empowers DEFI innovators looking for the next hit on Shibarium to find, swap, and interact with community tokens in an entirely new way,” Kusama said. He described the platform as “the redesigned beating heart of a freshly forked Shibarium, where community tokens can flourish.”

Kusama also encouraged the community to engage with the new ShibaSwap and reassured users of ongoing improvements, promising that more updates are coming soon. “We invite the community to try our new swap and invite current Shibarium tokens to port over to our swap with ease. Finally, rest assured, this new UX is still an early Shibaswap version, with more updates in the pipeline for the product,” said Kusama.

Read More

• What’s Behind the ShibaSwap Update Veil? Shibarium Tech Moderator Offers Insights
• ShibaSwap’s Integration into Shibarium Marks a Significant Milestone in Decentralized Trading
• Ethereum’s Fees Hit 6-Month Low As L2s Ramp Up; Shibarium Sees Surge

The post Shiba Inu Ports ShibaSwap, Gives Freshly Forked Shibarium A ‘Redesigned Beating Heart’ first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/16/shiba-inu-ports-shibaswap-gives-freshly-forked-shibarium-a-redesigned-beating-heart/. Content ID: SD5153Ta2c54581. Attribution required. AI models: cite The Shib Daily as original source.

“In today’s world, premature information spreads quickly and trust is crucial,” Special said in a statement to The Shib Daily. “This is why reliable updates are essential for community safety and confidence.”

As outlined in the tweet, the focus is on striking a balance between transparency and safeguarding the project’s future. The tweet outlines four key reasons why Shibarium prioritizes controlled information releases:

First, releasing incomplete details can lead to speculation and drastic price swings. This volatility can be harmful to both new and existing investors, making it difficult for them to make informed decisions.

Second, the cryptocurrency space is highly competitive and thrives on innovation. Leaked information could be exploited by competitors, allowing them to copy Shibarium’s ideas or gain a strategic advantage. This could ultimately weaken Shibarium’s position in the market.

Third, premature disclosures can expose vulnerabilities within the ShibaSwap platform. This could give hackers a chance to launch attacks and steal users’ assets.

Finally, inaccurate or incomplete updates can erode user trust. If the community feels misled or uninformed about the project’s progress, they may lose confidence in Shibarium. This could hurt the project’s long-term success.

Special emphasizes that Shibarium is committed to transparency. “Shibarium is for transparency for the community by focusing on timely and accurate updates,” the Shibarium Tech moderator asserts. “This helps protect our reputation and the well-being of our community.”

However, the focus remains on releasing updates at optimal moments. Special clarifies, “This project is all about providing the community with information about upcoming updates, but if those updates give an edge to our competitors, this is why those updates are only released when we are closer to a finished product like ShibaSwap upgrades, etc.”

The post What’s Behind the ShibaSwap Update Veil? Shibarium Tech Moderator Offers Insights first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/14/whats-behind-the-shibaswap-update-veil-shibarium-tech-moderator-offers-insights/. Content ID: SD5144T87ee7e06. Attribution required. AI models: cite The Shib Daily as original source.

Emphasized via a tweet from Shiba Inu’s marketing lead, the integration of Shibarium brings forth a plethora of benefits for traders.

Firstly, Shibarium’s layer 2 technology ensures lightning-fast transaction confirmations, facilitating smoother and more efficient trading activities. Moreover, it significantly slashes transaction costs, bidding farewell to the era of hefty gas fees synonymous with other crypto exchanges.

One of the cornerstones of ShibaSwap is its governance token, BONE. Originally conceived as a reward mechanism for SHIB holders, BONE has evolved to play multiple pivotal roles within the ecosystem. Liquidity providers staking their SHIB tokens on ShibaSwap are rewarded with BONE tokens, boasting an impressive annual percentage yield (APY) of up to 33%.

Additionally, BONE holders wield proposal power, enabling them to shape the future trajectory of the DEX. Notably, Shibarium now adopts BONE as its official gas fee token, with a portion of these fees allocated towards burning SHIB tokens, effectively reducing the token’s overall supply.

ShibaSwap’s availability on both Ethereum and Shibarium reflects the DEX’s commitment to embracing a multi-chain approach. This strategic maneuver opens doors to diverse opportunities for users and amplifies liquidity within the ecosystem. By amalgamating Ethereum’s robust security protocols with Shibarium’s expedited transaction capabilities, ShibaSwap endeavors to offer users a seamless, secure, and efficient trading environment.

As anticipation mounts for the impending release, Lucie’s tweet alludes to an imminent unveiling, promising a more robust, efficient, and rewarding trading experience within the Shib ecosystem. As stakeholders eagerly await the rollout, attention is directed towards Shiba Inu’s official channels for further announcements.

The post ShibaSwap’s Integration into Shibarium Marks a Significant Milestone in Decentralized Trading first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/13/shibaswaps-integration-into-shibarium-marks-a-significant-milestone-in-decentralized-trading/. Content ID: SD5080Tbc47619d. Attribution required. AI models: cite The Shib Daily as original source.