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The Shiba Inu marketing manager, who prefers to keep her name just Lucie on social media, took to Platform
The first mention that this major update was in the works was made on the X platform in April of this year. The initial version of this decentralized exchange, ShibaSwap, launched in 2021 and is the only official DEX on the Shibarium layer 2 blockchain, according to SHIB lead developer Shytoshi Kusama.
Here’s why ShibaSwap 2.0 isn’t available yet, according to Lucie
Lucie tweeted that the SHIB team plans to turn ShibaSwap 2.0 into much more than a traditional decentralized cryptocurrency exchange. This is attributed to her plans to turn Shibarium into “a sophisticated decentralized application (Dapp) that transcends borders.”
As for Shibarium’s design, the SHIB team plans to “interweave a multitude of elements, requiring a meticulously planned and strategically executed progression across interconnected networks.”
Precisely for this reason, they are not rushing to release an updated version of ShibaSwap 2.0: the team plans to turn it into “a comprehensive platform, going beyond the limitations of a traditional decentralized exchange.” Most likely it is still in progress.
When ShibaSwap was launched in 2021, users had the opportunity to trade and stake cryptocurrencies from the Shiba Inu ecosystem: BONE, LEASH, SHIB. The DEX quickly became popular among the community and its user base reached a whopping $1 billion in total value locked 24 hours after its launch.
SHIB makes 7% price increase
In the last 24 hours, the second largest dog-themed cryptocurrency by market capitalization value, Shiba Inu, has recorded a 7.12% increase, pushing the price from $0.00000802 to the $0.00000860 level .
This was a partial recovery from the massive 15.92% drop that the SHIB price experienced between November 11 and 14.
In other news, according to on-chain analytics data from IntoTheBlock, SHIB has recently seen a staggering 1,275% increase in net flows from large holders; This happened over the last two days since the week started.
The Large Holder Netflows indicator powered by the aforementioned on-chain data source shows changes in the positions of large cryptocurrency investors, known in the community as whales.
