SHIB will become more scarce as key exchange expands to Shibarium!
As the volume of transactions on blockchain exchanges continues to grow, the speed of SHIB coins being “destroyed” is also accelerating, which means that the number of SHIB coins in circulation on the market is decreasing.
In order to better serve users and expand its ecosystem, ShibaSwap recently announced that it has expanded its business to a blockchain called Shibarium.
Shibarium is a new blockchain built by the SHIB coin team based on Ethereum's second-layer technology, which will provide users with more diverse trading and investment opportunities.
On Shibarium, users can create new liquidity pools and earn transaction fees by providing liquidity. This not only increases user benefits, but also helps to improve the activity and health of the entire ecosystem.
As the volume of transactions on the Shibarium blockchain increases, the speed of SHIB coins being “destroyed” will also accelerate further. The so-called “destruction” is actually to permanently remove a portion of SHIB coins from circulation to reduce the supply on the market.
Doing so will help increase the scarcity of SHIB coins, which may drive its price up.
In short, the increase in blockchain exchange trading volume and the launch of Shibarium will have a positive impact on the supply and demand relationship of SHIB coins. For investors, this means they have more opportunities to share in the growth and success of this ecosystem by holding SHIB coins.
At the same time, for ordinary users, they can also obtain additional benefits by providing liquidity on Shibarium.
