Home Business Shiba Inu developer Shytoshi Kusama hints at ShibaSwap 2.0

Shiba Inu developer Shytoshi Kusama hints at ShibaSwap 2.0

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In a recent Telegram post, Shytoshi Kusama, Shiba Inu’s project lead, hints at the upcoming release of ShibaSwap 2.0, saying, “Ignore anything that contradicts this.” The announcement immediately sparked enthusiasm around the Shiba Inu (SHIB) token, as the community naturally eagerly awaits new improvements and additions to the platform.

What is Shiba Swap?

ShibaSwap is a decentralized exchange platform (DEX) that allows users to trade various cryptocurrencies. The exchange focuses primarily on tokens from the Shiba Inu ecosystem, namely the SHIB, LEASH and BONE tokens.

The platform initially launched in July 2021 and has since become quite popular in the DeFi world. This is mainly due to the user-friendly interface and unique features such as liquidity provision and staking.

Because of the way the DEX is designed, it has quickly attracted a lot of users. Soon a new update will be released for the popular Shiba Inu decentralized exchange and we can expect ShibaSwap 2.0.

Are details already known?

Unfortunately, little to no details are known about ShibaSwap 2.0 at this time, so we don’t know what improvements to expect for the protocol. The community expects the upgrade to bring a significant amount of improvements and innovation.

Consider, for example, an improvement in security, faster transaction times and an increase in the number of tokens that support the decentralized exchange.

Besides the arrival of ShibaSwap 2.0, Shiba Inu has seen quite a few improvements in recent months. Consider, for example, the release of the beta version of Shibarium, the Layer-2 of Shiba Inu.

On Shibarium it is possible to make faster transactions, to shoot cheaper transactions and of course to use things like smart contracts on Shiba Inu, which in theory takes the project to a higher level.

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