Meme Coin Grows, Outshines Shiba Inu!

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With the inclusion of staked tokens BabyDogeSwap The TVL value is currently 118% higher than that of ShibaSwap.

BabyDoge project’s local decentralized exchange (DEX), BabyDogeSwap, outpaced Shiba Inu’s DEX, ShibaSwap, in terms of total value locked (TVL). This development is a tangible demonstration of the BabyDoge community’s effort to promote the adoption of the project.

The BabyDoge Twitter account first noted the remarkable success of comparing decentralized exchanges. pulled. Data from DefiLlama revealed that BabyDogeSwap’s TVL (including staked tokens) was $87.34 million, much higher than ShibaSwap’s TVL of $34.47 million.

The numbers can of course change momentarily, but BabyDogeSwap is still trying to perform well. Recent data reveals that ShibaSwap is currently showing a slight increase with a TVL value of $35.58 million. Meanwhile, BabyDogeSwap currently has $77.55 million in TVL, which is 118% higher than ShibaSwap’s current value.

It should be noted that BabyDogeSwap’s TVL also includes the project’s $17.96 million staked tokens. However, even excluding staked tokens, BabyDogeSwap is ahead of ShibaSwap with an adjusted TVL of $59.75 million.

On the other hand, DappRadar data reveals BabyDogeSwap’s steady increase in dApp rankings. The exchange currently ranks 138 out of 13,558 dApps evaluated by DappRadar. It also ranks 38th among the top DeFi apps out of 3,068 apps. The project’s unique active wallets (UAW) also increased by 186% in the past month.

Meanwhile, data on TVLs of both exchanges show that ShibaSwap’s TVL has dropped significantly since July 2021. In contrast, BabyDogeSwap’s TVL has been increasing gradually since the exchange went live last October.

Source : The Crypto Basic


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