Shiba Inu (SHIB) recently announced bagging a listing on the Nexo exchange. Shiba Inu, which was launched in 2020 as a meme coin, has since established a global community.
Nexo also went to X to officially confirm the listing. The exchange talked about how Shiba Inu started as a dog meme only to develop the Shib Army. SHIB’s loyal community support helps the project drive innovation and growth.
Another primary reason behind Shiba Inu’s success is its constant evolution with projects. In 2021, SHIB released its dedicated DEX, called ShibaSwap. The exchange cultivates an environment where users can swap tokens and yield farms while owning their assets.
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Besides this, Shiba Inu also released its L2 blockchain, called Shibarium. Soon after its launch, the network managed to undertake 1 million+ transactions, setting a new record. Shibarium added another layer of utility to Shiba Inu, proving how the meme project has evolved.
And with its listing on Nexo, SHIB is getting ready for the next phase of its roadmap. The listing has also opened the door for other meme coins to access the platform. With this development, Nexo now allows traders to buy, borrow, transfer, and swap Shiba Inu.
Despite its announcement in April, the listing only went live a few hours ago. Despite that, Shiba Inu is still struggling on the performance front. The meme coin is trading at 0.00002307 dollars, a 2.21% dip in the past 24 hours.
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The coin has gained 4.31% in value in the past week and lost 18.20% in the past month. Its market cap has also dropped 2.23% to go under the 14 billion dollar mark. However, such partnerships are expected to boost the meme token’s price in the coming weeks.
