Skip to main content

Shiba Inu DEX Just Blew Up—244% Growth Sends Volume Past $10 Million

Folks are paying a lot more attention to ShibaSwap lately. This trading platform, linked to the Shiba Inu cryptocurrency, has seen some pretty big changes in how much trading is happening. In fact, the increase in trading volume on ShibaSwap is happening faster than on some of the more well-known decentralized exchanges out there.

Trading Volume Takes Off

New numbers show that ShibaSwap has had a really good week. The amount of buying and selling on the platform shot up by a massive 244%. That means the total value of trades in the last seven days reached $10 million. Just the week before, it was only around $2.93 million.

This huge jump in activity is the biggest ShibaSwap has seen since the middle of January, when the trading volume was $12.50 million. It seems like people are getting interested in ShibaSwap again, and this lines up with a general positive feeling around the Shiba Inu project.

ShibaSwap’s total trading volume over the last month is now $20.12 million. If you add up all the trading that’s ever happened on the platform, it comes to a whopping $17.18 billion. What’s interesting is that ShibaSwap’s total trading volume is actually higher than some big names in the decentralized exchange world, like PancakeSwap and Hashflow.

Lots More Money Flowing In

A report from February said that the total amount of money locked up in ShibaSwap was $2.97 million, spread across 593 different pools where people could lend or borrow crypto. But if we look at the numbers today, things have changed dramatically. People are putting a lot more money into the platform, and the number of these pools has also gone up a lot.

The official ShibaSwap website now says that the total value locked is $67.94 million. The number of liquidity pools has also jumped to 1,097. This is a huge increase in just over a month. The amount of money locked up has gone up by an incredible 2,187%, and the number of pools has increased by 85%.

Prices Of Shiba Inu Coins Are Up

Overall, things are looking good for the Shiba Inu ecosystem, and we can see that in the prices of its coins. In the last 24 hours, SHIB, the main Shiba Inu coin, has gone up by 14% and is trading at $0.00001521.

Bone ShibaSwap (BONE) has jumped 15% to $0.4178, and Doge Killer (LEASH) is up 5% to $173. This all suggests that there’s a lot of positive energy around the Shiba Inu project as we speak, and ShibaSwap is benefiting from that.

Featured image from Gemini Imagen, chart from TradingView



from Bitcoinist.com https://ift.tt/IsmjL82
Labels:

Comments

Post a Comment

Popular posts from this blog

Bitcoin ETFs Post Second Straight Week Of $500 Million Outflow — Details

The US-based spot Bitcoin ETFs (exchange-traded funds) recorded their second consecutive week of significant outflows over the last five-day trading period. This recent run of disappointing performances reflects the ongoing shift in investor sentiment in the United States. Over the past year, strong inflows into the US Bitcoin ETF market have constantly been associated with positive action for the BTC price. Fittingly, the price of Bitcoin has been consolidating over the past few weeks, struggling to pick up any real momentum. Bitcoin ETFs Record Fourth Consecutive Outflow Day According to the latest market data , the US Bitcoin ETFs registered a total daily outflow of $62.77 million on Friday, February 21. This latest round of withdrawals marked the fourth straight day (and the eighth day in the last nine trading days) that the crypto-based products would witness a net capital outflow. The Grayscale Bitcoin Trust (with the ticker GBTC) accounted for a larger percentage of Friday’...
Post a Comment
Read more

Bitcoin Goes Official: Texas Becomes 1st US State With BTC Reserve

Everything is big in Texas, many would say. Today, the state is looking past its current state of finances by adding Bitcoin to its coffers–and making things bigger in terms of its economic implications. Texas became the first US state to establish a crypto reserve . On March 7, 2025, legislators passed Senate Bill 21, which gives the green light to the state to direct public funds toward Bitcoin and other digital assets. The action has elicited both support and concern, with some viewing it as a prudent financial hedge and others warning of potential pitfalls. A Push For Bitcoin In The Lone Star State For months, Texas has been seeing increasing favor for the idea of a Bitcoin reserve. Senator Charles Schwertner introduced SB 778, a measure that proposes establishing a strategic stockpile. Including the top crypto asset into the state’s financial reserves was meant to help cushion inflation and economic uncertainty. Texas officials, especially Lieutenant Governor Dan Patrick, wh...
Post a Comment
Read more

Liczba milionerów kryptowalutowych wzrosła o 40%. Rynek przekracza 3,3 biliona dolarów

Rozwój rynku kryptowalut widać również bo liczbie osób, których portfel kryptowalutowy przekroczył milion dolarów. Według najnowszego raportu Henley & Partners, liczba inwestorów posiadających majątek przekraczający milion dolarów w cyfrowych aktywach wzrosła o 40% w ciągu ostatniego roku. Aktualnie na świecie jest już 241 700 milionerów, jeśli chodzi o waluty cyfrowe. Wzrost ten zbiegł się z historycznym momentem, gdyż w połowie 2025 roku kapitalizacja całego rynku kryptowalut przekroczyła 3,3 biliona dolarów . Bitcoin wciąż liderem wzrostów Największy udział w tworzeniu nowych fortun ma niezmiennie Bitcoin. Liczba posiadaczy portfeli BTC, których wartość przekracza milion dolarów, wzrosła aż o 70% rok do roku i wynosi dziś 145 100 . Jeszcze bardziej imponująco wygląda grupa tzw. Centymilionerów, czyli inwestorów posiadających ponad 100 milionów dolarów w Bitcoinie. Ich liczba wzrosła o 63% , osiągając poziom 254 osób. Co więcej, liczba miliarderów BTC podskoczyła do 17, notu...
Post a Comment
Read more