DexTools, a decentralized finance (DeFi) platform catering to cryptocurrency traders, has announced its support for Shiba Inu's Shibaswap, offering enhanced DeFi analytics capabilities to Shiba Inu holders.

The integration enables Shiba Inu holders to access advanced DeFi analytics tools through DexTools. This addition expands the range of analytics available for Shibaswap users.

DexTools is a widely used platform offering comprehensive data on decentralized exchanges. With tens of millions of monthly users, DexTools tracks approximately 3.5 million tokens, allowing users to monitor market movements, analyze cryptocurrencies in real-time, and search for tokens across any decentralized exchange. Additionally, traders can directly swap tokens within the DexTools app, which also features its utility token, DEXT, providing access to unique platform features.

ShibaSwap, launched in 2021, has become an integral part of the expansive Shiba Inu ecosystem. Last month, ShibaSwap migrated to Shibarium, the layer-2 solution for the meme coin.

Powered by Shibarium, ShibaSwap now offers new utilities such as an improved dashboard and discovery charts for trending tokens, enhancing the user experience.

Kaal Dhairya, developer and contributor to Shiba Inu, mentioned that regular updates are planned for the ShibaSwap decentralized exchange to improve its functionality and features.

The integration of Shibaswap with DexTools signifies a significant step forward for Shiba Inu's ecosystem, providing users with more comprehensive insights and analytics tools to navigate the DeFi space effectively.

With DexTools support, Shiba Inu holders can now access valuable data and analytics to make informed decisions about their DeFi investments within the Shibaswap ecosystem. This integration is expected to enhance the trading experience and transparency for ShibaSwap users.

The collaboration between Shibaswap and DexTools reflects the growing demand for advanced analytics and transparency in the decentralized finance sector, catering to the evolving needs of cryptocurrency traders and investors.