SHIB Price Jumps 8.8% as ShibaSwap Launches on Shibarium Blockchain

The post SHIB Price Jumps 8.8% as ShibaSwap Launches on Shibarium Blockchain appeared first on Coinpedia Fintech News

SHIB’s price shot up by 8.8% over the last 24 hours as the DEX associated with Shiba Inu, ShibaSwap, went live on the Shibarium blockchain, an Ethereum layer 2 built by the SHIB token team. The developers emphasized that the increased use of the Shibarium blockchain for transactions will result in a faster burn rate for SHIB, thereby reducing its supply. ShibaSwap has over $25 million in tokens locked as of today and has seen $1.7 million in trading volumes over the past 24 hours. SHIB is currently trading at $0.00002548.