DappRadar Releases Latest Industry Report on ShibaSwap

Blockchain, News | July 26, 2021 By:

DappRadar, the Lithuania-founded, global app store for decentralized applications (dApps), has released their latest industry report. It is focused on ShibaSwap, a decentralized exchange that hosts Shiba Token, an Ethereum-hosted cryptocurrency coin that is based on the same meme as Dogecoin.

Highlights from the report include:

  • Overall, ShibaSwap has seen solid growth, with impressive social and community metrics.
  • ShibaSwap saw a massive drop of almost $1B in TVL in a matter of hours. The reason behind the sudden fall is the conclusion of a two-week liquidity mining program which was run for the first 14 days to onboard users into the dapp.
  • The current TVL is $411.45 million.
  • From July 12 to July 19, the app registered 10,300 unique wallets, an 83.33% increase from the previous week.
  • Audited by Certik, they have responded positively to their technical recommendations.

The full report can be found here: https://dappradar.com/blog/new-dapp-report-shibaswap