The ShibaSwap has been directly connected to SHIB since it was first introduced in July 2021. However, the attention has gradually shifted to DEX due to recent development. That was just until the ShibaSwap 2.0 stirred up conversations.
ShibaSwap is similar to Shiba Inu’s exchange as it allows its users to exchange their tokens, stake tokens, and ensure pool liquidity. And now it has a value of $337 million.
Now, let’s look at everything I’ve researched for you regarding ShibaSwap 2.0.
What Is ShibaSwap 2.0?
ShibaSwap 2.0 is an upgrade to the original ShibaSwap DEX that’s expected to change the way things run with its newly incorporated features.
Most of the time, folks use the crypto portal to describe ShibaSwap 2.0 due to its inevitable change in how things run. The word was first brought to attention by Eric M., one of the ShibaSwap developers, who stated that “ShibaSwap 2.0 won’t be just a swap platform but a crypto portal.”
After that, Queenie, the Shiba Inu discord moderator, expounded on how the portal will look in its final stage. She stated, “We were excited to transform it into a crypto portal that incorporates news, stats, trends, charts, and anything users will love to be included.”
Besides the new expected features, another iconic thing we know about the ShibaSwap 2.0 is its link to SHIB burns. The existence of a burn portal was first brought to people’s attention at the Shiba AMA reveal in December. However, Queenie later rebuts by stating that the burn portal will be simply a new version of the ShibaSwap 2.0.
Regarding burning billions by SHIB, Queenie made it clear that the ShibaSwap had a vital role to play with the help of Shibarium. Nevertheless, ShibArmy has already shown its support to ShibaSwap 2.0 as they have stated it’s a crucial piece of the future Shiba ecosystem.
ShibaSwap 2.0 Reveal And Release Date
Even though there’s information on what the ShibaSwap 2.0 is and its features, there is no clear indication as to when it will be ready for release. This is due to the initial delay of ShibaSwap, and the developers are now keeping all their cards in their pockets.
However, Shiba Inu moderators made firm predictions that the anticipated project could be launched in 2022. That being said, the Shibarium and the Shiba Inu Metaverse are expected to be released way before the ShibaSwap 2.0.