Trading volume on Shibaswap collapsed by $1.6 billion in a year

The monthly amount of transactions on the decentralized platform decreased by 89%, to the current values of $185.6 million.

In July, trading volume on decentralized exchange Shibaswap dropped to $185.61 million, according to Dune Analytics. The value decreased by 0.93% compared to June and fell by 89% compared to July 2021. Then the amount of transactions on the trading platform reached $1.85 billion.

Shibaswap is a decentralized exchange launched by the Shiba Inu project. It offers standard features for such platforms, including the ability to exchange tokens and use liquidity pools.

Earlier, the creators of the Shiba inu ecosystem announced the development of a mobile game called Shiba Eternity. Together with the SHIB meme token team, PlaySide Studios, the creator of games such as Jumanji Epic Run, Rise of the Teenage Mutant Ninja Turtles and Age of Darkness, is working on the project.