The popular meme token Shiba Inu (SHIB) continues to develop and grow its ecosystem despite the falling market.
Shiba recently managed to be on the agenda with the NFT game Shiba Eternity. The meme token project, which received great interest in its game, which was broadcast all over the world, could not reflect this on price stability. The popular project also carries out different NFT studies apart from Shiba Eternity.
Shiba Data Gives a Moderate Impression
Shiba, who rose to the top in social metrics with the NFT card game, could not evaluate this interaction in terms of price. The ensuing Fed-factored declines blew all expectations for price. However, chart pricing aside, the Shiba ecosystem is growing significantly.
The Shiba team is making promising efforts in the NFT field. SHIBOSHIS, one of the collections of the meme token team, managed to attract the attention of the community. According to analytics and website NFT GO, the collection has seen a nearly 3 percent increase in its base price.
Shiba Inu Will Acquire Incineration Platform
The Shiba Inu team will acquire the community-built Shiba Burn Portal to reduce the supply of the meme token. The portal helped the community a lot, but it brought problems with it. The platform, which does not reward Shiba incinerators, may cause a serious problem in the future.
Wanting to solve these problems, the Shiba team took control of the platform to protect the interests of the community. The protocol delivered to ShibaSwap will now officially belong to the Shiba Inu project.
The ShibaSwap platform, which will include the Shiba Burn portal, has not made much progress in recent weeks. TVL hosted on the platform suffered a serious decline last month. Currently, ShibaSwap TVL is hovering around $22 million.
The ShibaSwap platform, which is developing day by day, is not yet fully ready to compete in the DeFi field.
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