Shiba Inu Lead Developer Hints The Arrival of ShibaSwap 2.0

Sahana Kiran
Shiba Inu
Source – Unsplash

Despite the dreadful bear market, cryptocurrency networks have focused on the developmental side of things over the past year. The Shiba Inu [SHIB] network finally released the beta version of Shibarium after months of delay. It looks like the building never stops in the Shiba Inu ecosystem as the network is working on ShibaSwap 2.0.

ShibaSwap is a decentralized exchange [DEX] that was rolled out back in July 2021. It rose to fame for laying its focus on trading assets like SHIB, LEASH, and BONE. The network seemed to be trying to expand as Shytoshi Kusama, the lead developer of SHIB hinted at the launch of ShibaSwap 2.0.

In a recent Telegram message, Shytoshi wrote, “ShibaSwap 2.0 is coming. Ignore anything that says otherwise.”

Although specifics regarding ShibaSwap 2.0 have yet to be revealed, the community anticipates a number of upgrades and innovations. Advanced security, better transaction speeds, and broader token support might be among them.

Shiba Inu Exits Binance Innovation Zone

The meme coin Shiba Inu is found on almost every exchange today. The world’s largest crypto exchange, Binance, however, added the asset to its Innovation Zone.

The Innovation Zone was established to give users a secure setting. But with time, several of these networks have shown their value and attained the high standards the exchange demands. Such projects are removed from the Innovation Zone when Binance discovers them during its routine assessment.

Earlier today, Binance took to Twitter and announced that Shiba Inu wouldn’t be part of this initiative from April 18. The others on the list included FXS, TWT, and 1INCH.

This is an important milestone for SHIB. Binance’s move highlighted that Shiba Inu is no longer an experimental token. The removal of the asset further noted that it is safe and stable to use. Sadly, this bullish move did not reflect on the asset’s price as it was dipping by 1.65% over the last 24 hours. At press time, SHIB was trading for $0.00001145.