ShibaSwap TVL sales rose to a record $1.56 billion The cryp | NFT Token

ShibaSwap TVL sales rose to a record $1.56 billion

The crypto industry's most famous influencer, Elon Musk, tweeted on June 25 that his new Shiba Inu would be called Floki Inu (FLOKI), leading to a frenzy of meme token launches and decentralized apps (dApps), some of which have attracted huge attention to accompany significant sums of money.

As of this week, the ERC-20 token on the Ethereum (ETH) blockchain, also known as the "Dogecoin killer," Shiba Inu has its own decentralized exchange (DEX) platform called ShibaSwap.

DEX launched faster than a rocket, recording a total blockchain value (TVL) of $1 billion within 24 hours, an impressive value that jumped to $1.55 billion the next day.