The Shiba Inu lead developer, Shytoshi Kusama, recently took to X to express his satisfaction with the Decentralised Exchange, ShibaSwap integration with the Shiba Inu’s Layer-2 scaling solution, the Shibarium.
Acknowledging the efforts of the development, particularly Kaal Dhairya, who is a top developer, the pseudonymous Shiba Inu development team leader hinted at the propensity of more innovations gracing the Shiba Inu ecosystem, sparking excitement among SHIB enthusiasts.
Read Also: Shiba Inu Lead Dev Confirms a Done Deal For SHIB Ecosystem
ShibaSwap Will Focus On Discovery Of New Meme Coins
Reacting to Kusama’s tweet, Dhairya quoted the lead developer’s post to give more insights on what the Shiba Inu community should anticipate in the coming weeks.
According to the SHIB top developer, the present version of ShibaSwap will focus more on the potential discovery of new meme coins. Additionally, Dhairya noted that enthusiasts should anticipate regular updates and upgrades, as the project expands at an astonishing speed.
The SHIB top developer tweet read thus, “This version is focused on discovery, so all the creative geniuses meme away! We will keep pushing out updates and upgrades regularly going forward, also for everyone to remember it’s not a race it’s a marathon,”
TimesTabloid reported earlier that the ShibaSwap has gone live on the Shibarium, making it the first DEX to operate on the Layer-2 scaling solution network.
Notedly, we also revealed that the integration between ShibaSwap and the Shibarium came with added features that would enhance overall trading and users’ experience.
In addition, the integration has been deemed capable of impacting SHIB’s price in a bullish trajectory, considering its attributes that could further improve SHIB’s burn rate via increased on-chain activities and adoption rate.
How Has SHIB Fared Amid A Declining Market
Per Shiba Inu’s data on Coincodex, the canine-themed meme crypto asset is changing hands at about $0.000025, reflecting a 2.19% drop in price in the past 24 hours.
Shiba Inu currently ranks among the top 10 altcoins with a market capitalization of $14.70B, boasting a tl24-hour trading volume of $476.09M.
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Read Also: Shibarium Documents Completed Says Shiba Inu Group Admin
Based on the prevailing situation, SHIB possesses high volatility and bullish sentiment, with the “Fear and Greed Index” reflecting a greed potential for the coin.
Aside from the fact that SHIB has recorded only 14 green days in the last 30 days, every other spike potential indices look set to orchestrate the coin’s price drive in a bullish direction.
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