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In the midst of the ongoing meme coin craze, even as Bitcoin (BTC) is in a static phase, it is challenging to claim the mania has ended. With the volumes of leading meme tokens like Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE) continuously increasing, this appears far from likely. Indeed, Shiba Coin has fed into this trend with a new development that boosts its volume.
ShibaSwap Is Now Live
Shiba Inu’s lead developer, Shytoshi Kusama, announced “Shibapendence Day”, signifying a major progression for the Shiba Inu community. While highlighting the importance of decentralization, Kusama also underscored the need to end the dominance of centralized systems. So, what exactly is this “Shiba Independence Day”?
At the core of the announcement is the unveiling of ShibaSwap, the first genuinely decentralized exchange of the Shiba Inu ecosystem. This decentralized exchange, long-awaited by the Shiba community, aligns with Shiba Inu‘s plan to achieve true decentralization.
In his blog post, Kusama underscored the launch of ShibaSwap, the market’s first genuinely decentralized exchange, and stated that this represents full independence for Shiba. This announcement, following shortly after the US Independence Day, could garner significant attention on social media. Kusama, who mentioned that the Shiba team plans to celebrate this event annually, appears to be aiming to create a broad-based cult and influence price.
SHIB Coin Comments
It is noted that users can stake their LEASH and SHIB tokens to use ShibaSwap, and trade all tokens within the Shiba Inu ecosystem on the platform. Additionally, a specific portion of the transaction fees from ShibaSwap will contribute to SHIB token burning, predicted to be highly beneficial in the long term. SHIB Coin comments have long been focused on this development, with many asserting that SHIB needed a catalyst.
