Shiba Inu lead developer, Shytoshi Kusama has announced an exciting new update for the SHIB ecosystem, declaring the imminent rollout of the highly anticipated ShibaSwap 2.0.
ShibaSwap 1.75 Set To Pave The Way For 2.0
In an X (formerly Twitter) post published by ‘SHIBKIND’ on Monday, April 22, Kusama addressed an inquiry on Shiba Inu’s official Telegram channel regarding ShibaSwap, a Decentralized Exchange (DEX) based on the Shiba Inu token (SHIB). He responded to a community member’s question about the launch timeline for ShibaSwap 2.0, the upgraded version of ShibaSwap, which is expected to come with a variety of new and improved features.
Kusama clarified that ShibaSwap 1.75 would precede the 2.0 version, paving the way for the ShibaSwap 2.0 to launch on the Shibarium ecosystem. Due to the inconsistencies of the ShibaSwap 1.0, which debuted in 2021, significant developments have been made towards ShibaSwap 2.0, to serve as an updated and enhanced version of the original ShibaSwap.
This new variant would surpass the limitations of ShibaSwap 1.0 by incorporating an improved architecture, evolving into a fully functional cryptocurrency gateway portal, which enables users to track cryptocurrency trends, news, charts and data.
Although Kusama has not provided a specific timeline for the launch of ShibaSwap 1.75 or 2.0, the Shiba Inu developer has hinted that it could be “pretty soon.” Additionally, the Shiba Inu lead developer has disclosed plans to partner with key players to facilitate the launch of ShibaSwap 1.75.
Shiba Inu Witnesses Slight Uptick Following Announcement
Following Kusama’s announcement of ShibaSwap 2.0 launch plans, the price of Shiba Inu experienced a modest increase during the weekend. The cryptocurrency climbed to $0.000027 in the early hours of April 21. Additionally, SHIB recorded a 22.97% increase over the past seven days, according to CoinMarketCap.
This price increase may be attributed to the community’s positive reaction to the impending launch of ShibaSwap 2.0, which will commence following the 1.75 version. While some members of the Shiba Inu community advocated for launching 2.0 before 1.75, others simply expressed excitement about the forthcoming update and its potential impacts within the Shiba Inu ecosystem.
Despite witnessing a slight increase earlier, the price of SHIB is currently down by 2.32% over the past 24 hours, trading at $0.000026. Additionally, its 24-hour trading volume has declined by 35.55%, amounting to over $623 million.
SHIB price holds $0.000026. | Source: SHIBUSDT on Tradingview.com
Featured image from Finbold, chart from Tradingview.com