The Shiba Inu ecosystem has experienced several significant developments lately, making it essential to stay informed. Here is a compilation of crucial updates for community members to be aware of:
ShibaSwap’s Migration to Shibarium Blockchain
The ShibaSwap decentralized exchange (DEX) was initially on the Ethereum network and is now moving to Shibarium, the Layer 2 blockchain created by the Shiba Inu team. This migration brings various features, including reduced transaction fees on the blockchain.
Shibarium, an Ethereum Layer 2 network, offers cost-effective transactions, improved scalability, new liquidity pools for tokens, and updated dashboard and user interface.
Shiba Inu Sponsoring Major Conferences
Shiba Inu is the title sponsor for significant events such as the Blockchain Futurist Conference, ETHToronto, and ETHWomen. These conferences bring together industry leaders globally, with upcoming events scheduled in Toronto from August 13-14, 2024.
Binance Launches Dedicated SHIB Payments Page
Binance has introduced a dedicated payments page for Shiba Inu payments through its platform, Binance Pay. This initiative aims to simplify SHIB transactions for investors and offers exclusive deals and fee-less transactions with the meme coin.
SHIB Price Performance
Despite a minor 1.24% drop in the last 24 hours, Shiba Inu has seen a 6.36% increase on the weekly chart. Breaking the $0.000024 resistance indicates potential for a new price rally.
