Since its launch in July 2021, ShibaSwap has been functioning on the Ethereum blockchain as a DEX, offering services like staking, liquidity pools, and yield farming.Shibarium was due for a hard fork on the 2nd of May, in a bid to make the network faster and more cost-effective.Utility projects like ShibaSwap and Shibarium were planned steps by the Shiba Inu ecosystem to rise above the meme coin status and add utility to native tokens.
The news of Shibarum’s integration not only caused SHIB to spike, but resulted in a dramatic increase in the new addresses created on the network, AMBCrypto noted using Santiment data. The daily active addresses also spiked 11% on the 1st of May. The positive commentary around the coin also increased, as evidenced by the weighted sentiment indicator.Aniket Verma works as a journalist at AMBCrypto. Contrary to most who are primarily interested in merely tracking price movements of cryptos, his focus is on examining the niche intersection between cryptocurrencies and traditional finance.
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Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »