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HomeCrypto NewsMarketAdmin Confirms Team is Working on ShibaSwap 2.0, Says DEX Will Need New CertiK Audit

Admin Confirms Team is Working on ShibaSwap 2.0, Says DEX Will Need New CertiK Audit


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Ragnar, a Shiba Inu community member and Shibarium admin, shares a new update on the development progress of ShibaSwap 2.0, the upgraded version of the SHIB DEX.

Ragnar, a notable Shiba Inu (SHIB) community member and a Shibarium Telegram admin, has shared update on the development of ShibaSwap 2.0, the upgraded version of the SHIB ecosystem decentralized exchange (DEX). This comes on the back of repeated calls from the Shiba Inu community on the progress made towards the development of the exchange.

In a recent disclosure on Telegram, Ragnar confirmed that the Shiba Inu development team is working on the new version of ShibaSwap. According to him, ShibaSwap 2.0 will require a new security audit from the leading blockchain security platform CertiK before its rollout.

He urged Shiba Inu community members to wait for a new audit from CertiK, which will help shut the mouths of critics and naysayers.

“Shibaswap is at this moment working on a new version of ShibaSwap. [It] will need a new Certik audit. Let’s wait for the new audit, and we will be closing many fudders’ mouths,” said Ragnar.

Expected Features of ShibaSwap 2.0

For context, ShibaSwap 2.0 is an upgraded version of Shiba Inu’s decentralized exchange. According to Shiba Inu’s developer Eric M, the upgraded version of ShibaSwap will feature new and improved designs, as well as a crypto portal.

The portal will be a platform for charts, news, trends, and stats. It is unclear whether the crypto portal will only share updates about Shiba Inu or the entire crypto industry.

Despite the hype, the team behind ShibaSwap 2.0 development did not disclose when the project would officially launch. Meanwhile, the first version of ShibaSwap is still functioning properly and has some exciting features that can be found in top DEXs like Uniswap.

You can swap all Shiba Inu ecosystem tokens on ShibaSwap without requiring the assistance of a third party. In addition, users can stake all Shiba Inu ecosystem tokens on the platform.

It has a dedicated non-fungible token marketplace for Shiba Inu’s NFTs, THE SHIBOSHIS. At press time, ShibaSwap is ranked as the 55th-largest decentralized exchange, with a 24-hours trading volume of $1.97 million.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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