Decentralized Exchange ShibaSwap Announces Major Upgrade

According to PANews, ShibaSwap, a decentralized exchange, has announced a significant upgrade, transitioning from Ethereum to the Shibarium blockchain. This move is set to provide users with a variety of new tools for decentralized exchanges and decentralized applications (DApps). The press release detailed new features, including a new dashboard, improved user experience, discovery charts for new and popular tokens, and the process of adding new tokens on the DEX.

Shiba Inu's main developer, Shytoshi Kusama, commented on the upgrade, stating, 'The new ShibaSwap provides a completely new way for DEFI innovators looking for the next hotspot on Shibarium to find, swap, and interact with community tokens. This new UX is still an early version of ShibaSwap, with more updates to the product underway.' The upgrade will utilize a 'portion of the transaction fee' to enhance the value of the liquidity pool (LP) in Swap transactions, with a focus on minimizing gas fees and speeding up transactions.

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