Shiba Inu Team Releases Exciting Updates in ‘The Shib’ Magazine
The latest edition of ‘The Shib’ magazine, released by the Shiba Inu (SHIB) team, provides exciting updates on the milestones achieved in their ecosystem. The magazine showcases the team’s efforts to grow the SHIB token and its community.
Shiba Inu Partners with Binance Pay
The Shiba Inu team is proud to announce their partnership with Binance Pay, Binance’s payment service. This integration has proven beneficial for both the meme coin and Binance. The number of Binance Pay transactions made in SHIB has seen significant growth, increasing by 30% year-on-year from 2022 to 2023.
- SHIB is one of the top 6 most popular currencies used for transactions on Binance Pay in 2022 and 2023.
- Binance Pay provided much-needed visibility for SHIB when the cryptocurrency market was still recovering from the crypto winter.
The Shiba Inu team encourages community members to continue using Binance Pay and highlights the convenience and benefits of this payment service. They believe that continued usage will further strengthen their partnership with Binance and promote the growth of SHIB.
Marswap Aggregator Reduces Trading Costs on Shibarium Network
The Shiba Inu team introduces Marswap aggregator, Shibarium’s primary aggregator, in ‘The Shib’ magazine. Marswap aims to reduce trading costs on the Shibarium network by 15%. This reduction can potentially increase trading activity on the layer-2 network.
This launch comes at a crucial time as Shibarium recently experienced a significant decline in daily transactions. The introduction of Marswap could help revitalize trading on the network and attract more users.
SHIB Name Service Exceeds Expectations
The SHIB name service, launched two weeks ago, has been a resounding success. The demand for this service has surpassed expectations, with thousands of registrations pouring in from the SHIB community.
Despite the higher cost, premium names have been highly coveted, starting at $50 per name. This demonstrates the strong interest and value that the SHIB community places on personalized names.
The Shiba Inu team announces that public access to Shib Names will be available on March 26, followed by the launch of the D3 Marketplace. Once the marketplace is live, users will have the opportunity to trade their Shiba names.
SHEB Token Gains Popularity
The ‘SHEboshis’ NFT (non-fungible token) collection, represented by the SHEB token, has seen tremendous success. Recently listed on CoinW, a leading trading platform, SHEB has rapidly gained popularity in the crypto market.
Since its listing on CoinW, the ERC-404 token has consistently ranked among the trending cryptocurrencies every week. This highlights the growing interest and demand for SHEB in the NFT space.
Hot Take: Shiba Inu Continues to Make Strides in Ecosystem Growth
The Shiba Inu team’s recent edition of ‘The Shib’ magazine showcases their commitment to expanding and developing their ecosystem. Partnerships with Binance Pay and Marswap aggregator have proven to be valuable for the SHIB token and its community.
The success of the SHIB name service and the growing popularity of the SHEB token further solidify Shiba Inu’s position in the cryptocurrency market.
As the team continues to innovate and collaborate, Shiba Inu is well-positioned to make significant strides in achieving its goals and driving the growth of its ecosystem.
Sources:
NewsBTC,
Bitcoinist
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