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{"id":3483,"date":"2021-08-11T10:42:07","date_gmt":"2021-08-11T10:42:07","guid":{"rendered":"https:\/\/www.cryptocurrencypanther.com\/2021\/08\/11\/shiba-inu-supported-by-surge-in-shibaswaps-tvl-can-it-overthrow-dogecoin\/"},"modified":"2021-08-11T10:42:07","modified_gmt":"2021-08-11T10:42:07","slug":"shiba-inu-supported-by-surge-in-shibaswaps-tvl-can-it-overthrow-dogecoin","status":"publish","type":"post","link":"https:\/\/cryptocurrencypanther.com\/2021\/08\/11\/shiba-inu-supported-by-surge-in-shibaswaps-tvl-can-it-overthrow-dogecoin\/","title":{"rendered":"Shiba Inu Supported by Surge in ShibaSwap\u2019s TVL \u2013 Can it Overthrow Dogecoin?"},"content":{"rendered":"
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Emerging memecoin and Doge killer Shiba Inu is enjoying a bullish mood into Monday a few days after its very own DEX, ShibaSwap, went live last week<\/a> and soared in popularity almost immediately. At the time of writing, SHIB\/USDT is trading around $0.0000076.<\/p>\n
Gaining support from its highly engaged online community, ShibaSwap saw its TVL surge to more than $1 billion in less than 24 hours of its launch and exceeding $1.5 billion within two days. As on date, the TVL still holds above the $1.5 billion, unlocking ample liquidity and funds for the team of developers behind the Shiba Inu coin and DEX.<\/p>\n
ShibaSwap is enticing more users to sign up by offering attractive rewards for staking and increasing liquidity within the exchange. In addition, more crypto pairs are being made available for trading on the platform, including ETH\/USDT, LEASH\/BONE as well as SHIB\/BONE.<\/p>\n
Shiba Inu has also been rising in popularity as interest in the original memecoin Dogecoin recedes. Despite Musk\u2019s retweet promoting the upcoming upgrade, DOGE continues to trade weak, indicating that traders are on the lookout for the next hot coin, and SHIB is showing a lot of potential to take up that spot right now.<\/p>\n