SHIB is a decentralized, community-led currency held by millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries.
In recent times, the Shiba Inu ecosystem has been seeing a lot of noteworthy advances, and it might be challenging to keep up with all of these important developments. As a result, we have produced a list of the most significant changes that members of the community need to be aware of at this moment.
On the Shibarium Blockchain, ShibaSwap has been launched.
Since the beginning of its existence, the ShibaSwap decentralized exchange (DEX) has been operating on the Ethereum blockchain. However, it had not yet migrated to the Shibarium network, which is the Layer 2 blockchain that was established by the Shiba Inu family. The moment has finally arrived, as the team has announced that the DEX will be relocating to Shibarium. However, the time has finally come.
According to a report by Bitcoinist, the integration of the ShibaSwap DEX with the Shibarium network comes with a variety of capabilities. Dealing with transactions on the blockchain results in lower costs, which is one of the most significant advantages of using this technology.
The cost of doing transactions on the blockchain is significantly reduced by Shibarium, which is a network that operates on Ethereum's Layer 2 protocol. In addition to this, it comes with new liquidity pools for tokens and improved scalability, both of which are included in the package. Along with the implementation of technological enhancements, the team also introduced a new visual design that included a redesigned dashboard and user interface.
All of the major conferences are being sponsored by Shiba Inu.
The Shiba Inu ecosystem has undergone yet another evolution, which is that the project is once again serving as a title sponsor for the Blockchain Futurist Conference by providing financial support. It is vital to attend the conference since it is being promoted as the biggest Web3 event in Canada, and it is expected to attract industry executives from all over the world.
In addition to being the title sponsor of the Blockchain Futurist Conference, Shiba Inu is also the title sponsor of the ETHToronto and ETHWomen events. It is anticipated that these festivities will take place in Toronto, Canada, and will last for a total of two days, namely on August 13 and 14, 2024.
Binance Introduces a Dedicated SHIB Payments Page into the World
Since the meme coin was listed on Binance, the cryptocurrency exchange has been a key backer of Shiba Inu, and it has continued to explore methods to assist investors in making the most of their holdings since then. In its most recent action, the cryptocurrency exchange has introduced a specialized payments page for Shiba Inu transactions, which can be accessed using Binance Pay, the exchange's payment mechanism.
By taking this action, Shiba Inu investors will have an easier time making payments utilizing SHIB without having to deal with any complications. By the same token, there are also bargains that are only available to users who make use of the payment network, and there are no fees associated with transactions that are made using the meme currency.
PRICES OF SHIB
The pricing of Shiba Inus has not fared badly despite all of the advancements that have taken place. Despite the fact that it has seen a decline of 1.24% during the last twenty-four hours at the time of this writing, it is still showing gains of 6.36% on the weekly chart. The meme currency has broken over the resistance level of $0.000024, which indicates that it is prepared for another surge. This is the most crucial development.
