- A Shiba Inu official recently addressed the delay in launching Shibaswap 2.0.
- Shibaswap 2.0 aspires to be more than a basic decentralized exchange, evolving into a sophisticated decentralized application (DApp).
- Over the past 24 hours, SHIB experienced a 0.44% drop in value to $0.000008561.
A recent tweet from a Shiba Inu official account provided insight into the delayed launch of the highly anticipated Shibaswap 2.0 platform. Shibaswap 2 aims to evolve into a sophisticated decentralized application (DApp) that goes beyond a basic decentralized exchange.
According to the tweet from SHIB’s spokesperson, the intricate design of Shibaswap 2 necessitates careful planning and strategic execution across interconnected frameworks. This expanded scope exceeds that of a traditional DEX, positioning it as a more comprehensive platform.
The clarification comes amid community anticipation for the new Shibaswap version. The original swap launched in July 2021 as a decentralized exchange supporting SHIB and other ecosystem tokens. V2 promises features like multi-chain capabilities.
Shiba Inu drops in value
The update aligns with recent SHIB price performance. Over the past 24 hours, the self-labeled “dogecoin killer” dropped by 0.44% to $0.000008561, partially recovering from a plunge last week, per CoinMarketCap data.
Trading data also indicates a spike in large-holder activity. According to IntoTheBlock analytics, SHIB saw a 1,275% surge in large holder netflows over two days this week. The flows represent changes in whale ownership.
While eagerly awaited, the team emphasized a thoughtful approach to launching Shibaswap 2, transcending a basic exchange model. The clarification highlighted dedication to methodical development and avoiding rushed releases.
The commitment to crafting an advanced DApp mirrors broader SHIB ecosystem ambitions. With metaverse integrations and layered functionality, Shibaswap 2 represents a milestone in that vision. The team stresses diligent progress over hasty launches as work continues.
