according to this shibeanuartA Twitter user dedicated to the SHIB community and who generally provides updates about the SHIB ecosystem, there are currently over 37 trillion SHIBs at stake on Shibaswap. The other ecosystem tokens, LEASH and BONE, currently have 35,533 and 66,224,009 token stakes in supply.
Current #shiba swap vertical supply: $xSHIB: 37,105,702,907,107$xLEASH: 35,533$tBONE: 66,224,009
— milkshake (@shibainuart) April 30, 2022
ShibaSwap is the core decentralized exchange (DEX) of Shiba Inu. Launched in July 2021, the ShibaSwap exchange has many of the same features as existing decentralized exchanges, such as token swapping and liquidity pools, as well as staking and governance.
ShibaSwap is powered by the SHIB trifecta, the ecosystem’s main token, Shiba Inu (SHIB), as well as two other ERC-20-based tokens, BONE and LEASH. With a total supply of 250 million, Bone intends to serve as the governance token of the platform. Holders of Bone tokens can use the “Doggy DAO” to vote and propose improvements to the Shibaswap protocol.
The Shiba Inu Burn Portal Now Has Over 22 Billion SHIBs Burnt
According to reports, more than 22 billion SHIB tokens The SHIB Burn Portal is burned in the first week of operation. By moving SHIB tokens to the burn address, users can permanently remove them from the circulating supply. In this way, it is possible to make the token a little more scarce, potentially increasing its value.
Boom there it is! I
— (@_Lady_Crypto_) April 30, 2022
Another day and another billion!
22 billion $SHIB
Burned up and gone forever!
Shiba Inu-themed burger restaurant Valley has announced that the Shiba Inu community will own 15% of the company. A part of the earnings from the activities will be given to the community. Additionally, the community will have the option to burn or reuse these tokens. Veli previously said that a portion of the revenue collected in SHIB tokens would be burned.
Meanwhile, as the price of SHIB prepares for another big move, whales continue to hoard it. Two top Ethereum whales have collected a staggering 200 billion SHIB in the last 24 hours.
According to data from WhaleStats, the Shiba Inu has once again become the largest coin position for whales.
SHIB was trading down like the rest of the market as investors prepared for May volatility. At the time of publication, SHIB was changing hands, down 6.32% over the past 24 hours at $0.00002092.