As one of the hottest cryptocurrencies recently, Shiba Inu Coin’s decentralized exchange (DEX) ShibaSwap has exceeded US$1 billion in locked positions, setting off a wave of craze. This amazing breakthrough in the field of digital currency has attracted people's attention to the encryption market and also revealed the story behind Shiba Inu Coin.

In the craze brought by Shiba Inu Coin, the rise of ShibaSwap is undoubtedly a dazzling highlight. This DEX platform attracted the attention of a large number of investors with its unique features and innovative mechanisms. Its lock-in limit quickly climbed to US$1 billion, causing a sensation in the market.

The reason why ShibaSwap can achieve such amazing results is inseparable from the technical support and innovative ideas behind it. As an emerging DEX platform, ShibaSwap focuses on user experience and fund security from the beginning of its design, and provides investors with a safe and efficient trading environment by introducing a variety of encryption technologies and smart contracts.

In addition to technological innovation, ShibaSwap has also demonstrated extraordinary capabilities in operations and promotion. By working closely with the community, ShibaSwap continues to launch various incentives and promotions, attracting a large number of users to participate in transactions, further promoting the development of the platform.

Behind the success of ShibaSwap, the potential and charm of the cryptocurrency market are highlighted. With the continuous development and improvement of blockchain technology, digital currency has become an indispensable part of the global financial system, and Shiba Inu Coin, as one of the leaders, is leading the market.

In general, ShibaSwap's feat of locking up 1 billion US dollars is not only a leap in the digital currency market, but also a full affirmation of the spirit of innovation and technical strength. In the future, as the cryptocurrency market continues to develop, we have reason to believe that Shiba Inu Coin and the technical team behind it will create a more brilliant future and bring more surprises and possibilities to the entire industry.

The performance of ShibaSwap this time allows us to see the infinite possibilities of the digital currency world, and also makes us look forward to future development. Let us witness this feast of digital currency and explore the future financial world together!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

This year, Dogecoin (DOGE), with the support of Musk, has set off a wave of meme coin craze. In particular, the canine universe that pays tribute to Dogecoin continues to expand. Today’s protagonist, Shiba Inu Coin (SHIB), is one of them.

Various canine tokens, including SHIB, will send half of their supply to Vitalik, the founder of Ethereum
Buterin was used as a destruction mechanism, but SHIB was sold by Vitalik for nearly $1 billion in May as a donation, which once triggered controversy over plummeting and market manipulation.

Although many people believe that meme tokens have no practical application value and will eventually collapse, SHIB has gradually developed its own product ecosystem such as currency exchange interface, income farm and preliminary DAO structure. For example, ShibaSwap was officially launched on the 6th of this month:

ShibaSwap TVL breaks $1 billion in one day

Ethereum gas fees, which have remained below $10 since late May, have also grown significantly since the launch of ShibaSwap. Joe, a veteran cryptocurrency trader and angel investor with 24,000 followers on Twitter
McCann shared on-chain data that day and pointed out: "If we look at Etherscan, we can see that the largest gas consumption is the ShibaSwap contract; the third is the SHIB token; the fourth is the Shiba Inu coin migrator."

As of the deadline, Ethereum's mainstream DEX Uniswap V2 has taken back the gas consumption championship in the past 3 hours, but it can be seen that ShibaSwap, SHIB
Migrator's contracts still rank second and third largest. And in the past 3 hours, the three Shiba Inu Coin contracts have used more than $144,000 in gas fees.

Moreover, ShibaSwap has only been launched for one day, and the lock-up volume (TVL) has exceeded 1 billion US dollars. The official website shows that the TVL as of the deadline is about 1.47 billion US dollars. According to DeBank data, ShibaSwap is now the tenth largest DeFi project on TVL.

The release of Shibaswap also pushed up the price of SHIB, according to Trading
View data shows that SHIB rose from US$0.0000086 on the evening of the 6th of this month to US$0.00000933 within three hours, an increase of about 8.5%. However, it experienced a sharp decline today and reported at US$0.0000083 as of press time.