Shiba Inu Ecosystem: L2, NFTs, AMM and more
And why should you care?
Shiba Inu is a meme-inspired cryptocurrency that has gained significant attention in the crypto space.
With a market cap of $6.2B, the Shiba Inu team has announced the launch of its own Layer 2 solution, Shibarium.
Shibarium will be the second-largest Layer 2 solution (behind Polygon) and will include a DEX, NFTs, Metaverse, and a stablecoin.
In this blog post, we will explore why you should pay attention to the Shiba Inu ecosystem.
ShibaSwap - Uniswap of Shiba World
ShibaSwap was launched in July 2021, and within a short time, its TVL reached $1.66B.
However, today, it stands at only $30M, generating around $17M in daily volume. ShibaSwapDEX offers users the ability to DIG, BURY, and SWAP tokens to gain WOOF returns through its reward system.
BONE - The Fuel Token for the Ecosystem
$BONE is a governance token for ShibaSwapDEX. Interestingly, $BONE will be used to pay gas and reward validators and delegators in the soon-to-be-launched Shibarium Layer 2.