Shiba

April

Shiba Inu

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Shiba Inu's marketing manager, who prefers to keep her name down to just Lucie on social media, has taken to the X platform to clarify for the Shiba Inu army why the <a href="https://u.today/shibaswap-20-in-works-shiba-inu-shib-community-delighted" rel="noopener noreferrer nofollow">ShibaSwap 2.0</a> has not been launched yet.
The first mention of this major update being in the works was made on the <a href="https://u.today/shiba-inu-lead-shytoshi-kusama-teases-shibaswap-20" rel="noopener noreferrer nofollow">X platform in April this year</a>. The initial version of this decentralized exchange, ShibaSwap, was launched in 2021, and it is the only official DEX of the Layer-2 blockchain Shibarium, according to SHIB lead developer Shytoshi Kusama.
<h2 id="here-s-why-shibaswap-2-0-not-available-yet-per-lucie">Here's why ShibaSwap 2.0 not available yet, per Lucie</h2>
Lucie tweeted that the SHIB team plans to turn ShibaSwap 2.0 into a lot more than a traditional decentralized exchange for crypto. This is attributed to their plans to turn Shibarium into "a sophisticated Decentralized Application (Dapp) that transcends boundaries."
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 …and strategically executed progression across interconnected webs. This broader vision positions SS2 as a comprehensive platform, going beyond the limitations of a traditional decentralized exchange.— 𝐋𝐔𝐂𝐈𝐄 | ✨Shib.io✨ (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1724742234304626922?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 15, 2023</a>
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As for Shibarium's design, the SHIB team plans to "weave together a multitude of elements, necessitating a meticulously planned and strategically executed progression across interconnected webs."
For this very 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 remains in the works still.
When ShibaSwap was rolled out in 2021, users got a chance to trade and stake crypto from the ecosystem of Shiba Inu – BONE, LEASH, SHIB. The DEX quickly became popular with the community, and its user base reached a whopping $1 billion in total value locked 24 hours after its launch.
<h2 id="shib-stages-7-price-increase">SHIB stages 7% price increase</h2>
Over the last 24 hours, the second largest dog-themed cryptocurrency by market capitalization value, Shiba Inu, has printed a rise of 7.12%, pushing the price from $0.00000802 to <a href="https://www.tradingview.com/symbols/SHIBUSDT/" rel="noopener noreferrer nofollow">the $0.00000860 level</a>.
This was a partial recovery from the massive 15.92% plunge the SHIB price experienced between Nov. 11 and Nov. 14.
In other news, according to IntoTheBlock on-chain analytics data, SHIB has recently experienced a staggering 1,275% spike in large holder netflows; this happened over the past 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 crypto investors, known in the community as whales.

SHIB Rep Gives Crucial Reason Why ShibaSwap 2.0 Not Released Yet

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