Shiba Inu DEX Explodes in Popularity—Volume Surpasses $10 Million with 244% Growth

ShibaSwap Is Gaining More Attention

Recently, more people are noticing ShibaSwap, a trading platform linked to the Shiba Inu cryptocurrency. The platform has seen a huge increase in trading activity, even growing faster than some popular decentralized exchanges.

Trading Volume Is Soaring

ShibaSwap has had an amazing week. Trading on the platform has jumped by 244%, reaching $10 million in total trades over the past seven days. Just the week before, it was only about $2.93 million.

This is the biggest increase since January, when trading volume hit $12.5 million. The rise in activity shows that people are becoming more interested in ShibaSwap, which matches the positive mood around Shiba Inu as a whole.

In the last month, ShibaSwap’s total trading volume reached $20.12 million, and overall trading on the platform has added up to $17.18 billion. ShibaSwap’s total volume is even higher than big exchanges like PancakeSwap and Hashflow.

More Money Is Going Into ShibaSwap

In February, a report showed that ShibaSwap had $2.97 million locked in 593 pools where users could lend or borrow crypto. But today, the numbers have changed a lot. The total value locked in ShibaSwap has grown to $67.94 million, and the number of pools has increased to 1,097. That’s an amazing 2,187% rise in the amount of money and an 85% rise in the number of pools in just over a month.

Shiba Inu Coins Are Rising in Price

Things are also looking good for the Shiba Inu coins. In the last 24 hours, SHIB, the main Shiba Inu coin, went up by 14% and is now trading at $0.00001521.

Bone ShibaSwap (BONE) has increased by 15% to $0.4178, and Doge Killer (LEASH) is up 5% to $173. These price increases show that there is a lot of excitement around Shiba Inu and ShibaSwap right now.