As per a Tweet post shared on July 24, the Shiba Inu token is now available on Reflex Swap, a decentralised swap marketplace based on Reflex Finance. The popularity of the token is increasing day by day and is now available on a number of crypto platforms. In the last week, the token Shiba Inu made its debut on the Philippines-based coins.ph.
NEW coins and tokens now LIVE on #ReflexSwap!
Additional popular community tokens will be added as we work with the projects for swap optimization so our partners can benefit from LOW gas fees.
— Reflex Finance (@Reflex_Finance) July 24, 2022
What is Reflex Swap platform?
Reflex Swap is a liquidity-generating technology that enables staking and farming based on Reflex Finance. On the platform, Shiba Inu has been included in the list with many of the altcoins like Cardano, XRP, Polkadot, and others.
Reflex Finance is just a six-month-old start-up, yet it is already shaping up to be one of the most exciting crypto initiatives of 2022. The firm is quite ambitious and despite the difficult conditions in the cryptocurrency market, the team has released a number of utilities and has consistently improved and expanded its Launchpad services. During this difficult time for the crypto business, Reflex Finance stands out as a lighthouse of confidence and stability, as well as a reliable partner for developing successful coin ventures.
Shiba Inu burn rate increases
In another development, the Shiba Inu burn rate has increased during the last 24 hours. According to a Twitter post shared on July 25, over 110,289,311 SHIB coins have been burnt.
In the past 24 hours, there have been a total of 110,289,311 $SHIB tokens burned and 16 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) July 25, 2022