This Decentralized Exchange Aggregator Now Welcomes Shiba Inu.

#Shibainu #crypto2023 #cryptocurrency

PondX, the decentralized exchange aggregator, has added the Shiba Inu token to its roster in a move driven by community consensus. The decision-making process was carried out via a poll hosted on X (formerly known as Twitter), where PondX empowered its user base to determine the next token listing.

The poll presented several options, including ChainLink, Rollbit, Shiba Inu, and Mog. Shiba Inu emerged as the clear frontrunner, securing a commanding 46% of the votes, while Chainlink trailed in second place with 30% of the vote.

PondX serves as a liquidity aggregator, seamlessly pooling liquidity from decentralized exchanges, bridges, and various blockchain networks. Users are incentivized with a share of fees generated from swaps, with rewards calculated based on factors like trading frequency, volume, and the specific tokens involved.

Meanwhile, Shiba Inu's lead developer, Shytoshi Kusama, made an important announcement regarding the ShibaSwap launch. The launch on Shibarium, the network's Layer-2 scaling solution, would be postponed to provide ample space for other projects on the network to mature. This strategic delay is aimed at ensuring network stability and security, demonstrating the team's commitment to responsible and well-managed growth.

Against this backdrop, the Shibarium network itself has been experiencing remarkable growth, with a recorded user base of over a million wallets.

With PondX now supporting the Shiba Inu token, both platforms are poised to benefit significantly from increased liquidity and a wider user engagement. This collaborative move reflects the synergy between DeFi ecosystems and meme-based cryptocurrencies, paving the way for further innovation in the crypto space.