Shiba

Ethereum

Kusama

2024

Shiba Inu

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
The official marketing lead of the SHIB team, widely known as Lucie within the community, has shared an important message sent to the team by mysterious <a href="https://u.today/2378-billion-shib-grabbed-by-new-whale-after-major-shiba-inu-development">SHIB leader Shytoshi Kusama</a>.
The message focused on the recent launch of a new iteration of the ShibaSwap decentralized exchange (DEX).
<h2 id="shytoshi-kusama-on-new-shibaswap-version">Shytoshi Kusama on new ShibaSwap version</h2>
Lucie shared Kusama’s recent social media post, in which he commented on the new version of Shibarium’s DEX, ShibaSwap. He stated that the new iteration of this decentralized trading platform is “a hub for innovators and Shibizens alike.”
“It’s where community tokens thrive, creating a dynamic marketplace filled with unique projects, causes, and #SHIBARMY members,” the enigmatic Shiba Inu leader added.
<blockquote>
 Lead Developer <a href="https://twitter.com/ShytoshiKusama?ref_src=twsrc%5Etfw">@ShytoshiKusama</a> -“The new <a href="https://twitter.com/hashtag/ShibaSwap?src=hash&amp;ref_src=twsrc%5Etfw">#ShibaSwap</a> is a hub for innovators and Shibizens alike. It’s where community tokens thrive, creating a dynamic marketplace filled with unique projects, causes, and <a href="https://twitter.com/hashtag/SHIBARMY?src=hash&amp;ref_src=twsrc%5Etfw">#SHIBARMY</a> members.”Are you ready to <a href="https://twitter.com/hashtag/BridgeToShibarium?src=hash&amp;ref_src=twsrc%5Etfw">#BridgeToShibarium</a>?Soon?Post a… <a href="https://t.co/Zswg3hZaqq">pic.twitter.com/Zswg3hZaqq</a>— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1785015203517624565?ref_src=twsrc%5Etfw">April 29, 2024</a>
</blockquote> 
On April 29, Lucie published a tweet to announce that the new version of ShibaSwap (previously, Shytoshi Kusama referred to it as ShibaSwap 1.75, which comes prior to ShibaSwap 2.0) has been developed and will be launched soon. It will be a multi-chain version of the DEX compatible not only with the Ethereum blockchain but also with migration to Shibarium.
Thanks to this migration, crypto traders will be able to trade SHIB ecosystem coins on layer-2 solution Shibarium: BONE, SHIB, LEASH. Also, once the <a href="https://u.today/shib-team-reveals-coming-shibarium-updates-treat-shib-metaverse-shiba-eternity">long-anticipated token, TREAT,</a> and SHI stablecoin are launched, they will be available on the upgraded DEX as well.
It is important to have a bridge between Ethereum and Shibarium, Lucie stressed in another tweet published on Monday, since the aforementioned SHIB ecosystem tokens need to be able to go back to Ethereum to enable their users to access various products and services.
Lucie made a point of emphasizing that “Everything is still under development, and the final form of this Pikachu will come later,” referring to the final ShibaSwap iteration.
<blockquote>
 Everything is still under development, and the final form of this Pikachu will come later. But remember, development never ends. Launching on our home chain is just the first step in a long marathon.— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1784808332877836693?ref_src=twsrc%5Etfw">April 29, 2024</a>
</blockquote> 
<h2 id="shib-team-raises-12-million-to-build-layer-3-solution">SHIB team raises $12 million to build layer-3 solution</h2>
This development has taken place merely a week after SHIB leader Shytoshi Kusama announced that the team had raised a substantial sum of $12 million to start building another crucial component of the Shiba Inu ecosystem – a layer-3 blockchain to be deployed on top of Shibarium (the layer-2 solution running atop Ethereum).
The L3 network will be focused on privacy and security, according to recent tweets by Lucie.

Shytoshi Kusama's Important Message Shared with SHIB Community: Details

Table of Contents

U_Today

Other articles published on Apr 30, 2024

Exploring the Rise of Scams in the Solana Cryptocurrency Network

AI Hallucinations Brought Another Legal Trouble for OpenAI

Dogecoin vs Shiba Inu vs Pepe Coin: Which Memecoins Are Worth Investing In?

Shiba Inu Ecosystem Tokens Set to Work Together as New Privacy Layer-3 Blockchain Looms

Bitcoin Trades Below $63k, As BlackRock’s BTC ETF, IBIT, Remains At $0 Inflows

Moonbirds NFTs Shift to Commercial Rights with Yuga Labs

Join our free newsletter for daily crypto updates!