Accomplishments Before we continue, Let’s take a moment to understand how far we’ve come already.
Pawswap to Launch PAWBURN Portal Next Week
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.
Dear #PAWFAMILY, expect amazing things coming next week!#pawswap $PAW pic.twitter.com/tr9QXVzxgJ
— Pawswap – The Shibarium DEX (@PawShibarium) March 5, 2023
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.
Since the introduction of the burn portal, a total of 27,407,234,934 PAW has been burnt, worth about $2053, as per the data. At the same time, Pawswap native crypto token PAW price declined by over 13% in the last 24 hours, which has seen dramatic price surges in the previous two weeks.
At the time of writing, the Shiba community-driven token traded at $0.00000007357 with 24 hours trading volume of $12 million and has a market cap of over $73 million. Still, PAW is up by 110% in a week and 2092% in the last 14 days.
Also, PAW has gained the support of many crypto enthusiasts and significant exchanges, over the past few weeks. And it has been listed on leading crypto exchanges such as LBank and Gate.io. The token price may increase in the future due to its new burn mechanism and Shibarium launch.
- As per CMC, PAW was trading at $0.00000008047.
- BitKan, LBank, Bitget Gate.io, and XT.com are the exchanges that opened PAW trading for their customers.
Pawswap (PAW), a new token, is gathering steam on social media platforms, looking to attract cryptocurrency investors’ attention. The value of PAW has ramped up substantially because of the token’s rising popularity. According to CoinMarketCap, PAW was trading at $0.00000008047 and up 28.63% in the 24-hour day trade.
Also, five cryptocurrency exchanges confirmed the integration of PawSwap to their platforms less than a month after its launch. BitKan, LBank, Bitget Gate.io, and XT.com are the exchanges that have opened PAW trading for their customers.
Decentralized exchange Pawswap intends to create a DEX on the Shibarium layer-2 network whenever it becomes available. ShibaSwap’s main developer, Shytoshi Kusama, however, distanced himself from PAW and claimed that he and the SHIB team had nothing to do with PawSwap. But even so, Pawswap is a standalone decentralized exchange that has no affiliation with the SHIB team. They won’t begin work on their project until the Shibarium network is operational.