ShibaSwap Goes Live on Shibarium Blockchain, Allowing for New Liquidity Pools and Increased Burn Rate for SHIB Token
ShibaSwap has now expanded to the Shibarium blockchain, which enables users to create new liquidity pools and earn fees from providing liquidity. The increased use of the Shibarium blockchain for transactions will result in a higher burn rate for the SHIB token, reducing its circulating supply. Users can now float new liquidity pools on Shibarium, allowing traders to swap tokens on the network and earn a cut of trading fees for providing liquidity. ShibaSwap held over $25 million in locked tokens as of Thursday, with $1.7 million in trading volumes in the past 24 hours. The SHIB price has risen 8.8% in the past 24 hours, in line with a broader market jump.
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