The Shiba Inu ecosystem is migrating its native decentralized exchange to Shibarium in the form of ShibaSwap 2.0.
The DEX will now be usable on both Ethereum and Shibarium – the layer 2 blockchain of the SHIB ecosystem focused on scalable, fast, and cheap transactions.
Per a press release shared with CryptoPotato, ShibaSwap 2.0 will include new features like improved user processes for adding and reducing liquidity, staking and trend analysis.
It will also feature discovery charts for new and trending tokens, and foster onboarding for new tokens into the ShibaSwap market.
Transaction fees will be partially paid out to liquidity providers, enhancing the value of their LP tokens used in swap transactions.
“[ShibaSwap 2.0] “is the redesigned beating heart of a freshly forked Shibarium, where community tokens can flourish,” said Shiba Inu Lead Developer Shytoshi Kusama in a statement. “ This new UX is still an early Shibaswap version, with more updates in the pipeline for the product.”
Total transactions on the Shibarium network have now surpassed over 400 million. Last month, developers introduced Fully Homomorphic Encryption (FHE) to the SHIB blockchain ecosystem – a technology for improving user privacy.
The price of SHIB rose 3% on Wednesday, alongside Bitcoin (BTC). Meanwhile, BONE – the governance token of the ShibaSwap exchange – pumped by 7.6%.
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