PAWSAWP price climbed over 2600% in two weeks.
While the ‘SHIB Army’ awaits Shiba Inu’s much-anticipated layer-2 blockchain “Shibarium” launch, Pawswap, the decentralized exchange (DEX) built on Shibarium, announced its burn portal “PAWBURN”, which is planned to launch next week.
Pawswap has continued to attract the attention of crypto enthusiasts since its introduction. Also, recently the community-driven DEX team adopted the Fusion protocol from 1inch, which enables cross-chain trades and aggregates the liquidity from many DEXs. As a result of this, users pay less in trading fees.
Also, the Shiba Inu ecosystem has benefited from over 45.8 million dollars in trading volume and 137,000 dollars in fees over the past seven days, with the pair of $PAW/ETH on ShibaSwapDEX.
Shiba Inu’s PawSawp
The crypto industry is packed with dog-themed cryptocurrencies, which are all created for fun and fall under the category of memecoins. Dogecoin (DOGE) and Shiba Inu (SHIB) is the leading meme token, which has managed to gain a better position.
However, Shiba Inu decided to stand out in terms of development. Examples are the upcoming layer-2 solution, PawSawp, and still a handful of other launches in the line. Pawswap is a decentralized exchange that will soon go live and use Shibarium as its power source.
According to the roadmap, the DEX is scheduled to launch in Q4 2023 or Q1 2024. Further, Shibawap’s lead developer, Shytoshi Kusama, distanced himself from PAW and said that he and the SHIB team had nothing to do with Pawswap. However, Pawswap is a standalone decentralized swap that has no relationship with the SHIB project. They won’t begin work on their project until the Shibarium network is functional.
Following the recent updates, Pawswap’s native cryptocurrency PAWSWAP (PAW) deleted a zero in its indices in less than a month. And PAW price surged over 27% in a day and 176% in a week. Also, the memecoin price soared more than 2600% in the last 14 days.