- PondX integrates Shiba Inu on its platform, enabling users to swap SHIB and earn 2x rewards from pooled swap fees.
- The Shiba Inu community reduced SHIB supply by sending 564.27 million SHIB to a dead wallet over the past week, further reducing circulating tokens.
- OKCoinJapan plans to support SHIB transactions on the Polygon chain from September 7th.
PondX, renowned for its seamless swapping capabilities, has added Shiba Inu (SHIB) to its list of supported tokens, allowing users to exchange SHIB effortlessly while reaping the benefits of 2x rewards from pooled swap fees.
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This integration comes on the heels of a groundbreaking poll conducted by PondX on the X platform, where SHIB outshone its rivals, including ChainLink (LINK), Rollbit Coin (RLB), and MOG Coin (MOG). With an impressive 46.4% of the total votes, Shiba Inu emerged as the undisputed champion, while Chainlink secured second place with 30.3% of the votes.
What adds to the excitement is the remarkable initiative the Shiba Inu community took to reduce the supply of SHIB tokens. Over the past week, they sent a whopping 564.27 million SHIB tokens to a dead wallet through eighty-eight separate transactions. This move further tightens the supply, potentially impacting the token’s value in the market.
In another exciting development, OKCoinJapan has unveiled plans to extend support for Shiba Inu. Starting September 7th, the Tokyo-based exchange will facilitate SHIB transactions on the Polygon chain, broadening the reach and utility of this popular cryptocurrency.
With PondX integration enhancing accessibility, community-driven supply reductions, and OKCoinJapan’s upcoming support, Shiba Inu continues to revolutionize the world of decentralized finance. The crypto community eagerly anticipates the impact of these developments on SHIB’s value and adoption.
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