How high can SHIBs price go? Shiba Inu Confirms the launch of ShibaSwap 2.0

The team behind the Shiba Inu decentralized exchange (DEX), ShibaSwap, has confirmed that ShibaSwap 2.0 will be released into the market sooner than expected. In a tweet on X, the team asserts, “Here, sooner than you expect…”

Shiba Inu presents ShibaSwap

As per the announcement, Shiba Inu investors are excited for a significant change in market prices. Many Shiba Inu investors are eager for the enhanced features promised by the upgraded version.

The ShibaSwap team is yet to provide a specific date for the launch. ShibaSwap was initially built on the Ethereum blockchain launched in July 2021, but later migrated to Shibarium, Shiba Inu’s Layer 2 scaling solution, on May 15, 2024. This shift improved security, cost-efficiency, and scalability and introduced new liquidity pools. 

The announcement has had a slight influence on SHIBs price. According to on-chain data from CoinGecko, the coin is up 0.2%. Like any other crypto coin, SHIB is subject to market volatility. Investors are looking at SHIB hitting $1 in 2025.

ShibaSwap 2.0 is said to include a sleeker user interface and more secure features. According to Shiba Inu’s marketing lead, Lucie, ShibaSwap 2.0 will have a dedicated crypto portal featuring crypto-related news, trends, stats, and charts, just to name a few.

Currently, ShibaSwap holds the position of the 78th largest decentralized exchange on CoinMarketCap, boasting a daily trading volume of $356,436. The platform features 24 trading pairs, including SHIB/WETH, TREAT/SHIB, and BONE/WETH.

According to data from DeFiLlama, ShibSwap stands out as the leading decentralized finance (DeFi) protocol on the Shibarium network. ShibaSwap is making a significant impact, representing $2.33 million of the total $3.49 million locked in value on the L2 blockchain.