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- Shiba Inu’s ecosystem has been consistently growing, and Shibaswap is now tapping into multiple user bases.
- With the cross-chain capability, there will be liquidity inflows that could reduce slippage, deepen pools, and make the SHIB network more stable.
ShibaSwap, the decentralized exchange (DEX) serving Shiba Inu (SHIB), was launched in July 2021 as part of the Shiba Inu ecosystem, which includes the SHIB token, LEASH, BONE, and other projects like Shibarium, its layer-2 blockchain. ShibaSwap was audited by CertiK, which gave it a high security score, helping ease early skepticism around the project.
Now, the platform is entering a new phase. Lucie, Shiba Inu’s marketing lead, revealed on X that ShibaSwap has undergone an upgrade that transforms it into a true multi-chain DEX. Now, traders aren’t limited to Ethereum’s sometimes costly and congested rails.
Instead, they can seamlessly swap tokens across a wide range of networks, including Polygon (MATIC), Avalanche (AVAX), Mantle (MNT), Optimism, Arbitrum (ARB), Base (BASE), Binance Smart Chain (BSC), Celo (CELO), Gnosis(GNO), and more chains that will be added over time.
The new routing system powers these cross-chain swaps, analyzing multiple transaction pathways in real time. This gives users the flexibility to choose between lower costs and faster settlement, depending on their needs. Liquidity providers also benefit from this upgrade.
ShibaSwap now offers a consolidated command center where all pool positions, whether from the original V1 pools or the newer V2 liquidity ranges, are displayed in one clear dashboard.
The upgrade introduces a “Positions” dashboard that centralizes liquidity pools. Legacy and advanced pools are merged into one view, giving users better visibility and control over managing LP positions, fees collected, and exposure across chains.
From this hub, investors can expand, adjust, or reduce liquidity exposure, track performance across multiple chains, and claim accumulated fees without disrupting their existing positions. “By embedding cross-chain capabilities directly into its exchange, the project removes dependence on external bridges and reduces complexity for new participants,” she said.
Market Performance and Price Outlook
Shiba Inu has recently completed the LEASH V2 migration, a phased upgrade that lets holders swap their LEASH V1 tokens for V2 without the risk of supply dilution. Any tokens left unredeemed after the migration period will be burned, permanently reducing circulation.
This is designed to stabilize supply, reinforce scarcity, and ease earlier concerns around the LEASH contract and supply dynamics. The migration, along with associated audits, was rolled out to bring more clarity and security to the ecosystem.
At the same time, the Shiba Inu team is looking outward. As reported by CNF, the project is actively expanding in Asia, with Lucie, Shiba Inu’s marketing lead, hinting at new initiatives in South Korea, Japan, and China to grow its community and strengthen its global presence.
Analyst Javon Marks has doubled down on his bullish outlook, keeping a $0.000081 price target for SHIB, which would represent nearly a 6x rally from current levels.
Over the past 24 hours, SHIB jumped 8.66%, pushing weekly gains to 18%. That said, growth over the past month has been more modest at 5.3%. SHIB is currently trading at $0.000014, with a market cap of $8.5 billion and trading volume soaring 77% to $455 million.
