ShibaSwap, the decentralised exchange within the Shiba Inu (CRYPTO:SHIB) ecosystem, has expanded its operations to include the Shibarium blockchain alongside Ethereum (CRYPTO:ETH).

This upgrade introduces a new dashboard, improved user experience, discovery charts for trending tokens, and a streamlined onboarding process for new tokens.

Shytoshi Kusama, the lead developer, highlighted that the new platform empowers DeFi innovators and community tokens, enhancing liquidity and yield farming opportunities.

The upgrade also focuses on reducing gas fees and ensuring fast transactions.

Following the announcement, the price of SHIB increased by almost 7%, reflecting positive market reception.