Decentralized exchange ShibaSwap, launched on July 6, has scored $1.5 B total value locked (TVL) within 48 hours.
ShibaSwap also presented a yield farming option that enables users to stake tokens and get rewards. So, by adding SHIB or LEASH tokens, users can get BONE, the in-built token of the DEX.
According to a published post by ShibaSwap's pseudonymous team member “Top Dog,” Shytoshi Kusama the max. supply of the BONE token is 250 Million units.In 24 hours after going live the platform's TVL surpassed $1 B. Currently, the indicator is above $1.52 B.
1 Billion dollars #TVL (Total Value Locked) in a single day!— Shib (@Shibtoken) July 7, 2021
Come to https://t.co/P8p0pb5uoZ, and Stake (BURY), Farm (DIG), get rewards, and trade your tokens with us. #ShibaSwap #ShibArmy #Crypto $SHIB $LEASH $BONE pic.twitter.com/Ldi5FmvHpH
The meme token SHIB was released in August 2020. Then the team sent 50% of the overall supply to Ethereum co-founder Vitalik Buterin. However, this May Buterin decided to sell a major amount of his SHIBs and direct the amount to different contribution funds.
Currently, SHIB trades at around $0.000007938. It ranks 29 with a market cap of over $3.1 B.