Featured image from Shutterstock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
In a significant development for the Shiba Inu community, the much-anticipated upgrades for ShibaSwap 2.0 have been teased with fresh details, and NFT marketplace Pawzaar has announced a new approach to SHIB burns that aims to bridge tokens from Shibarium back to Ethereum. Here\u2019s the latest Shiba Inu news. New Features For ShibaSwap 2.0 The Shiba Inu ecosystem is abuzz with anticipation as the marketing lead Lucie hinted at innovative features for the upcoming release of ShibaSwap 2.0. In a statement that caught the attention of crypto enthusiasts, Lucie said: Shibaswap 2.0 is more than just a regular DEX; it’s a complete portal experience. As for why it can’t be produced like other DEXs in week, it involves intricate development and features. Additionally, Shiba Name Service is one of our pioneering features. Next week coming another feature. #shibarium x BONE X SHIB Expected to revolutionize the decentralized exchange landscape, ShibaSwap 2.0 remains under development, with the specific launch date still shrouded in secrecy. Although speculative mentions of an October release have emerged (which turned out false), the team\u2019s strategic silence on an official date underscores their cautionary approach to community expectations. Related Reading: Shiba Inu Burn Rate Nosedives Following 7,700% Jump, What Happened? Lucie\u2019s previous comments in April brought to light that ShibaSwap 2.0 will not only facilitate token swaps but also serve as a crypto portal \u2014 a comprehensive platform offering news, statistics, charts, and trends. Alongside the informational gateway, the DEX will boast new designs that are yet to be unveiled. This level of development suggests a qualitative leap, aiming to enhance user engagement and provide value-added services within the Shiba Inu ecosystem. Pawzaar Implements New Approach To SHIB Burns Turning to the SHIB burn debate, Pawzaar, a burgeoning NFT platform on Shibarium, declared a key operational upgrade today: We have finished upgrading our platform! All SHIB burns now go to a wallet that will bridge the tokens from Shibarium to Ethereum. As addressed by Lucie, we have complied to the request for burns to take place on Ethereum. We will begin adding collections onto the platform! The platform is aligning with Lucie\u2019s guidance, ensuring burns contribute to the SHIB\u2019s total supply reduction on Ethereum\u2019s Layer-1 network.\u00a0The clarification came after Shib CoOp\u2019s inaugural SHIB burn on Shibarium sparked a hotly discussed debate, emphasizing the need for a protocol that accurately impacts the SHIB supply. The community-driven burn tracker, Shibburn, laid out the technicalities, \u201cIf you burn a token like SHIB on an L2 chain, you are not actually burning the original token on the L1 chain.\u201d Related Reading: Shiba Inu Price Prints Rare Buy Signal, What You Need To Know Lucie further explained the burning process across both layers, emphasizing the necessity for burns to occur on the Ethereum network to affect the original SHIB token supply genuinely. She explained that Shibarium projects which wish to burn tokens, have to make sure to bridge the SHIB back to the Ethereum network and then send it to the dead wallet. Pawzaar’s implementation of this directive is a first on Shibarium and showcases their commitment to the community’s consensus on token burns.\u00a0Remarkably, the NFT platform launched only on October 24 and saw a massive influx of users thanks to the SHIB Dreams collection. The high demand was too much for the node provider and prompted the Pawzaar team to stop minting new NFTs for a while. Recently, Pawzaar also announced: \u201cWe will be adding collections and providing details on the upcoming PAWPASS. Expect announcements of some upcoming partnerships and PAW (PAWZONE) utilities on the platform. Keep building Shibarium NFT creators and supporting SHIB burns collectors! The fun is about to begin.\u201d At press time, Shiba Inu traded at $0.000008, just above the 20-week EMA (at $0.00000798). Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":558764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[89775,83668,83667,87680,83853],"class_list":["post-558763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-pawzaar","tag-shib","tag-shiba-inu","tag-shibarium","tag-shibaswap"],"acf":[],"yoast_head":"\n
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Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. 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His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/uniquehot.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu News: ShibaSwap 2.0 And Pawzaar Unleash New Features","url":"http:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-news-shibaswap-pawzaar-new-features\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-news-shibaswap-pawzaar-new-features\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/shutterstock_2063026553.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/shutterstock_2063026553.jpg?fit=3734%2C2100"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["pawzaar","shib","shiba inu","shibarium","shibaswap"],"dateCreated":"2023-11-02T12:00:27Z","datePublished":"2023-11-02T12:00:27Z","dateModified":"2024-06-11T07:49:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu News: ShibaSwap 2.0 And Pawzaar Unleash New Features\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-news-shibaswap-pawzaar-new-features\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-news-shibaswap-pawzaar-new-features\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/shutterstock_2063026553.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/shutterstock_2063026553.jpg?fit=3734%2C2100\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"pawzaar\",\"shib\",\"shiba inu\",\"shibarium\",\"shibaswap\"],\"dateCreated\":\"2023-11-02T12:00:27Z\",\"datePublished\":\"2023-11-02T12:00:27Z\",\"dateModified\":\"2024-06-11T07:49:23Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/shutterstock_2063026553.jpg?fit=3734%2C2100","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/558763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=558763"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/558763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/558764"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=558763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=558763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=558763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Shiba](\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-02_11-19-42.png?resize=3628%2C1673\")