ShibaSwap has launched on the Shibarium network, using its trading to increase the SHIB burn rate.

ChainCatcher news, the DEX ShibaSwap related to Shiba Inu (SHIB) has announced that it is now live on the Shibarium blockchain. Developers state that increasing transactions on the Shibarium blockchain will enhance the SHIB burn rate, thereby reducing supply.

New liquidity pools have been launched on Shibarium, allowing traders to swap tokens on the network and earn a share of the trading fees from providing liquidity. Data shows that as of Thursday, ShibaSwap's TVL exceeded $25 million, with a trading volume of $1.7 million in the past 24 hours.