ChainCatcher news, the encrypted trading platform WEEX announced that it will launch Bone ShibaSwap (BONE) on July 31 at 14:00 (UTC+8). This is the third SHIB ecosystem project launched on WEEX, following K9 Finance DAO (KNINE) and Roaring Kitty (ROAR).ShibaSwap is the official DEX of the SHIB ecosystem, BONE is the reward token and governance token of the ShibaSwap ecosystem, and it is also the Gas token for the Shibarium L2 solution.In June this year, Shiba Inu advisors listed WEEX as the preferred CEX partner for the Shibarium hackathon and the global developer community's qualified new projects. WEEX announced that it will select quality targets for Launchpool and listing cooperation from thousands of projects on the Shibarium chain. At the same time, WEEX will also sponsor and attend the Blockchain Futurist Conference in Canada in August along with SHIB and K9 Finance.

ChainCatcher news, the DEX ShibaSwap related to Shiba Inu (SHIB) has announced that it is now live on the Shibarium blockchain. Developers state that increasing transactions on the Shibarium blockchain will enhance the SHIB burn rate, thereby reducing supply.New liquidity pools have been launched on Shibarium, allowing traders to swap tokens on the network and earn a share of the trading fees from providing liquidity. Data shows that as of Thursday, ShibaSwap's TVL exceeded $25 million, with a trading volume of $1.7 million in the past 24 hours.

ChainCatcher message, Shiba Inu developer Kaal Dhairya posted on social media, confirming the relinquishment of control over the ShibaSwap governance token BONE's smart contract, and will continue to build a decentralized, permissionless system for the benefit of the community.This action means that the smart contract creator has given up control over the token, making BONE immune to future manipulation and fully decentralized.

ChainCatcher news, Shiba Inu developer ShibDev4Evr tweeted that ShibaSwap is the only official DEX of the Layer2 solution Shibarium, "claiming that other projects may be scams. Some people are unethically using the name and association of SHIB for personal gain and token listings while collaborating with SHIB, users and exchanges please be cautious." (source link)

According to ChainCatcher news, on-chain data shows that the address marked as "Binance 8" has staked 40 trillion SHIB on ShibaSwap, worth approximately 36 million USD. (source link)