The popular meme coin Shiba Inu (SHIB) has been on the agenda for a long time with the news of metaverse, NFT land sale, DEX and swap platforms. According to CertiK, a company that analyzes blockchain protocols and DeFi projects, ShibaSwap, the DEX platform of the Shiba ecosystem, is the second most secure platform and the 3rd most trending project.
CertiK places the DEX platform of the meme coin project in second place
Shiba Inu (SHIB), the second largest meme coin by market capitalization, as a payment method in various fields since its launch in August 2020 gained popularity, even leading the adoption of cryptocurrencies by companies. The popularity of meme coins during this period shaped the price of Shiba.
ShibSwap, the decentralized exchange of the Shiba ecosystem, is now considered the second most secure technology in the market. Also, the Shiba Inu was named the third most popular project in CertiK’s “Safety Leaderboard”. In a recent tweet, CertiK announced its results.
Shiba Inu ultra secure cryptocurrency
A brief review of the report reveals that ShibSwap has a 95% security score. Safety ratings include social sentiment, statistical analysis, governance and autonomy, on-chain monitoring, market volatility and security assessments, among other factors. The work was also supported by Skynet, a security intelligence engine. Among other altcoin projects, Shiba Inu ranks third on Certick’s security skins board.
Why is security important?
Security in the crypto industry is a critical issue that cannot be ignored, especially with billions of dollars at stake. For example, hackers have infiltrated networks in the past and stolen billions in cash. Even Binance and other well-known exchanges could not resist. “hackers stole 7,000 Bitcoins from Binance in early May 2019”
Utility token vs meme coin
Shiba Inu community, meme token from a joke worked hard to turn it into a functional cryptocurrency. ShibSwap, a dedicated exchange for the currency, supports this effort. Shiba Inu is no longer just a meme coin project with NFTs, Shibarium, Shiba Inu Game and Metaverse, ShibaDEX and Burn portal, as we handled as Kriptokoin.com.
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