Despite the moment of uncertainty that we live in the cryptocurrency ecosystem, Shiba Inu continues to struggle to grow and increase the number of owners and it seems that little by little it is achieving it.
Although the panorama continues to paint very volatile, Shiba Inu has attracted the attention of several new cryptocurrency investors due to several related projects with the Metaverse, Web3 and an inclusion of currency for the purchase of products (supercars such as Ferrari, Lamborghini, Rolls-Royce and Aston Martin).
In addition, as we have already been commenting for a few days, it seems that the billionaire Elon Musk has a new favorite currency and it is also the Shiba Inu.
Thanks to its rising profits, it could fuel a recovery. This cryptocurrency seems to have been gaining momentum and looks set to become the top altcoin in this falling crypto market. On the other hand, as we have already explained, the latest addition to the Shiba Inu network is the ShibaBurn and the ShibaSwap and this is generating great profits.
Nowadays, Shibaswap is averaging $10.8 million in daily volumes, which we also see how this has a positive impact on the price of SHIB. This is today the first in the list of the main Ethereum dapps.
To contextualize and for those who are not very knowledgeable about the subject to understand it, ShibaSwap is the native decentralized exchange (DEX) of the Shiba Inu currency project. Launched in July 2021, the ShibaSwap exchange offers many of the same features that can be found on Uniswap and other decentralized exchanges.
DEXs work differently from centralized platforms like Binance and Kraken in that they allow users to trade tokens without the need for a middleman. Well, this is an impressive feat, since managed to unseat OpenSea and Bored Ape Yacht Club, They came in second and third place consecutively.
With all this, this cryptocurrency is quite likely to make the big jump and this growth of its DEX will probably encourage more people to bet on its SHIB, although that remains to be seen.
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