Shibarium Project News: $SERP Taking Center Stage As More Progress Being Made Daily

The Shiba Inu ecosystem has been abuzz with excitement ever since the launch of Shibarium Beta, and now with projects like Shibarium Perpetuals building the first decentralized exchange (DEX) on the platform it is becoming clear why as these projects are building for the long term. With its native token $SERP taking center stage, Shibarium Perpetuals has gained significant traction, capturing the attention of the Shib Army. Let’s delve into the notable achievements of the Serp team and explore the potential that lies within.

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Shibarium Perpetuals is quickly establishing itself as a go-to DEX, facilitating over 500 trades and attracting the support of more than 100 users in a short period. These early signs of adoption are a clear testament to the platform’s viability and its potential to become a cornerstone of the Shibarium ecosystem.

$SERP THE FIRST DEX ON #SHIBARIUM.

500+ trades crossed on #SHIBARIUM PERPETUALS.

100+ users have tested the platform.

First operational protocol on #PUPPYNET pic.twitter.com/xxYjI60rVi

— Shibarium Perpetuals (@SerpPerpetual) May 7, 2023

In its commitment to advancing the ecosystem, the Serp team recently achieved a significant milestone by deploying the first subgraph on Shibarium PuppyNet. This achievement opens up new avenues for developers, allowing them to deploy their own subgraphs and access critical data through GraphQL APIs. The team’s emphasis on fostering innovation and collaboration ensures that Shibarium becomes a vibrant ecosystem for developers to unleash their creativity.

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To encourage user engagement and adoption, Shibarium introduced the Shibarium Faucet, a groundbreaking initiative. The faucet offers users access to nine test tokens, enabling them to familiarize themselves with the platform’s functionalities and experience its features firsthand. By empowering users in this way, Shibarium aims to create an inclusive and user-friendly environment that drives continuous growth.

Perhaps one of the most notable commitments of the Serp team is their decision to burn 100% of the liquidity. This move demonstrates their unwavering dedication to the project’s long-term success and sets them apart from those solely driven by short-term gains. By reducing the available token supply, the team aims to create a healthy token ecosystem that has the potential to increase the value of $SERP over time. This bold gesture instills confidence among investors and showcases the team’s focus on building a sustainable and thriving project that benefits the entire community.

In just a month, the Serp team has achieved remarkable milestones that have caught the attention of the Shib Army and the broader crypto community. These milestones include securing listings on major exchanges, undergoing a comprehensive security audit to ensure the platform’s robustness, and proactively complying with regulatory requirements. These achievements highlight the team’s commitment to transparency, security, and regulatory compliance, setting a solid foundation for Shibarium Perpetuals’ continued success.

As Shibarium Perpetuals forges ahead it promises to be a prominent player within Shibarium.