There have been a number of significant developments coming out of the Shiba Inu ecosystem recently and it can be hard to keep up. So, we have compiled a list of the most important developments that community members should be aware of at this time.
ShibaSwap Launches On Shibarium Blockchain
The ShibaSwap decentralized exchange (DEX) had been on the Ethereum blockchain since its launch and was yet to migrate the Shibarium, the Layer 2 blockchain developed by the Shiba Inu team. However, the time has finally come as the team has announced that the DEX is finally moving to Shibarium.
As Bitcoinist reported, the integration of the ShibaSwap DEX with the Shibarium network comes with a number of features. One of the major ones is the reduced fees that come with carrying out transactions on the blockchain.
Shibarium, which is an Ethereum Layer 2 network, drastically reduces the cost of transacting on the blockchain. In addition to this, it comes with enhanced scalability, as well as new liquidity pools for tokens. The team also debuted a new look with a reimagined dashboard and user interface, in addition to technical upgrades.
Shiba Inu Is Sponsoring The Major Conferences
Another development in the Shiba Inu ecosystem is that the project is once again sponsoring the Blockchain Futurist Conference as a title sponsor. The conference is important as is billed as the largest Web3 event in Canada, drawing industry leaders from all across the globe.
In addition to the Blockchain Futurist Conference, Shiba Inu is also the title sponsor for the ETHToronto and ETHWomen events as well. These events are expected to take place in Toronto, Canada, running for two days from August 13-14, 2024.
@Shibtoken is making the future possible again
Shiba Inu is a Title Sponsor of @Futurist_conf – Canada’s Largest Web3 Event!
Come see them at #Futurist24
August 13-14, 2024
Toronto, Canada
Your future will thank you pic.twitter.com/krIQ3fbzzN
— Blockchain Futurist Conference (@Futurist_conf) May 15, 2024
Binance Launches Dedicated SHIB Payments Page
Binance has been a leading supporter of Shiba Inu since listing the meme coin and has continued to develop ways to help investors take full advantage of their holdings. In its latest move, the crypto exchange has launched a dedicated payments page for Shiba Inu payments, through its payment platform, Binance Pay.
This move is to make it easier for Shiba Inu investors to make payments using SHIB without any hassle. At the same time, there are also exclusive deals for using the payment platform, as well as fee-less transactions when paying with the meme coin.
SHIB Price
Amid all of the developments, the Shiba Inu price has not performed poorly. Although it is down 1.24% in the last 24 hours at the time of writing, it is still seeing 6.36% gains on the weekly chart. More importantly, the meme coin has broken above the $0.000024 resistance, suggesting that it is ready for another rally.
