Thing ∙ ID: 11036
ShibaSwap is a decentralized exchange for the Shiba Inu (SHIB) meme coin, offering liquidity provision, token swapping, staking, and NFT trading. Launched on July 6, 2021, it was developed by the Shiba Inu community to increase SHIB's utility and differentiate it from other meme coins. The exchange's founder, like Shiba Inu's creator 'Ryoshi,' remains anonymous. ShibaSwap supports over 230 markets, including SHIB, LEASH, and BONE tokens. Users pay Ethereum gas fees for transactions. The platform is open worldwide and does not offer leverage or margin trading. ShibaSwap's launch contributed to SHIB briefly surpassing Dogecoin in market capitalization in November 2021.