According to CryptoPotato, the Shiba Inu ecosystem is migrating its native decentralized exchange to Shibarium in the form of ShibaSwap 2.0. This DEX will now be available on Ethereum and Shibarium, the latter being the second-layer blockchain of the SHIB ecosystem, focusing on scalable, fast, and cheap transactions.

According to a press release shared with CryptoPotato, ShibaSwap 2.0 will include new features such as an improved user flow for adding and removing liquidity, staking, and trend analysis. It will also provide discovery charts for new and trending tokens and facilitate the entry of new tokens into the ShibaSwap market. Trading fees will be partially paid to liquidity providers, enhancing the value of the LP tokens they use in swap transactions.

“[ShibaSwap 2.0] is the heart of the newly designed Shibarium, where community tokens can thrive,” Shiba Inu lead developer Shytoshi Kusama said in a statement. Total transaction volume on the Shibarium network has now exceeded 400 million.

Last month, developers introduced fully homomorphic encryption (FHE), a technology used to improve user privacy, to the SHIB blockchain ecosystem. On Wednesday, SHIB’s price rose 3%, along with Bitcoin (BTC). Meanwhile, BONE, the governance token of the ShibaSwap exchange, rose 7.6%.