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Shibarium-Based DEX Marswap Makes Huge Announcement Regarding Shiba Inu Ecosystem Tokens

source-logo  thecryptobasic.com 23 November 2023 08:52, UTC

Shibarium-based decentralized exchange Marswap adds a new trading pair for Shiba Inu ecosystem tokens, LEASH and BONE.

In a recent tweet, Marswap, a Shibarium-based decentralized exchange and DeFi platform, has made a “huge announcement” to expand its support for Shiba Inu ecosystem tokens.

According to a recent announcement, the leading decentralized exchange added a new trading pair, LEASH/BONE.

“In the last few minutes, we have just introduced a new trading pair, LEASH/BONE, furthering our expansion and support of the SHIB ecosystem on SHIBARIUM!” Marswap stated.

Following the announcement, members of the Shiba Inu community can conveniently trade their LEASH tokens with BONE on the Marswap decentralized exchange. It bears mentioning that both LEASH and BONE are official Shiba Inu ecosystem tokens.

Shiba Inu Marketing Lead Reacts

The announcement stirred a reaction from Shiba Inu marketing lead Lucie. Commenting on the development, Lucie noted that the newly added LEASH/BONE trading pair on Marswap showcases the spirit of Shibarium, Shiba Inu’s Layer-2 (L2) blockchain.

That’s the #Shibarium spirit ♥️👏🏻$LEASH / $BONE https://t.co/hE8N9IOLef

— 𝐋𝐔𝐂𝐈𝐄 | ✨Shib.io✨ (@LucieSHIB) November 22, 2023

Marswap Unending Support for Shiba Inu

The development comes over a week after Marswap integrated an on/off ramp feature that allows its users to buy and sell BONE using traditional payment methods, like bank cards and PayPal.

As reported earlier, Marswap’s CEO demonstrated the new capability in a live broadcast by purchasing BONE on the DEX using his credit card while selling the token back to fiat.

Since its launch earlier this year, Marswap has continued to support the Shiba Inu ecosystem. The DEX went live on Shibarium, offering numerous features, including token swaps, NFTs, gaming, and staking.

The team behind the DEX has also joined the Shiba Inu community in reducing the enormous circulating supply of SHIB. It burns SHIB using 2% of every transaction fee obtained from the platform.

As of August, Marswap had already burned a whopping 4.5 billion SHIB worth $36,360 at the time of writing this line.

Marswap Ranks as Top DEX on Shibarium

Despite launching this year, Marswap is currently ranked as the leading decentralized exchange on Shibarium. Marswap accounts for $347,069 out of the $676,719 worth of Total Value Locked (TVL) on Shibarium.

According to CoinGecko data, Marswap currently supports four coins and 20 trading pairs, with RYOSHI/WBONE ranked as the most active trading pair with a 24-hour volume of $8,512.