Shiba Inu's renowned decentralized exchange, ShibaSwap, is enhancing its trading features by integrating Shibarium, the platform's Layer-2 network. Lucie, the Marketing Head of SHIB Token, recently announced that ShibaSwap will operate on both the Ethereum and Shibarium networks simultaneously, dispelling any speculation about the exchange fully moving away from Ethereum.

The migration process enables direct cryptocurrency exchange among various tokens within the Shiba Inu ecosystem on Shibarium, including Bone, Shiba, Leash, and upcoming tokens like TREAT and SHI. This aligns with a recent announcement by Shytoshi Kusama, Shiba Inu's lead developer, regarding a planned hard fork for the Shibarium network on May 2, 2024, aimed at enhancing network stability and fee predictability during high activity periods.

The transition from ShibaSwap to Shibarium is not just a technical shift but also a strategic move for the company. Differences in functionality may exist between ShibaSwap on Shibarium and the planned ShibaSwap 2.0, which aims to evolve into a comprehensive crypto hub offering real-time blockchain data, financial intelligence resources, and advanced trading tools.

Implementing ShibaSwap on Shibarium enhances security measures and provides flexibility to accommodate various tokens. While Layer 1 manages token deployment and governance, low-level Layer 2 solutions like Shibarium significantly boost network throughput and stability. For instance, Shibarium's BONE token powers the gas fee system on Layer-2 and facilitates yield farming, unlike the Ethereum L1 version of ShibaSwap.

Despite notable progress, work is ongoing to complete the transition to Shibarium and fully deploy ShibaSwap on its Layer 2 platform, with the extended version expected in the coming months. However, the anticipation of TREAT tokens has led to the emergence of fraudulent tokens with similar names, posing risks to unsuspecting investors.

The shift to Shibarium underscores Shiba Inu's commitment to technological advancement, with plans for a Layer-3 network utilizing Fully Homomorphic Encryption (FHE). This positions Shiba Inu at the forefront of blockchain innovation, essential for driving mainstream adoption of trading platforms and advancing cryptocurrency development by offering faster, more secure, and efficient trading experiences to accommodate a growing user base.