Pawswap (PAW) is an innovative decentralized exchange (DEX) protocol based on the Shibarium protocol. It has been designed with the intention of making cryptocurrency trading more accessible for every crypto enthusiast. Pawswap is also inspired by Shiba Inu’s successes, as it is built on the Layer 2 blockchain “Shibarium”, which has a transaction speed advantage and lower costs.

This significant upside of Pawswap’s price is likely a result of the combined performance of both the Shiba Inu and Ethereum protocols. Pawswap’s prospects are further boosted by Shytoshi Kusama, the developer of Shiba Inu, who openly declared that he and the SHIB team have nothing to do with PawSwap and have distanced themselves from PAW.

At present, Pawswap traded at $0.00000004843 with a daily trading volume of $1.97 million, indicating an appreciation of 30% over the last 24 hours. Additionally, over the last week, the price of PAW appreciated by whopping 42% and for the past 14 days, the appreciation is 27%. Year to date, the prices of Pawswap has skyrocketed by more than 5500%.

For more investor confidence, Pawswap has also introduced “PAWBURN” to the community from March 7 onwards. This burn portal has successfully incorporated a burn of 45 billion PAW tokens, turning the Pawswap price surge into a more concerted move. Additionally, the prices of other leading memecoins related to Pawswap have also seen an increase in their prices. The prices of Shiba Inu (SHIB) and Bone ShibaSwap (BONE) have also risen, with SHIB up 3% in the last two weeks and BONE by 2% in the last 24 hours.

Overall, Pawswap is seeing substantial price gains, due to its innovative decentralized exchange protocol and the performances of both the Shiba Inu and Ethereum protocols. If the burning process of PAW tokens continues, the outlook for Pawswap is optimistic and its related memecoins such as SHIB and BONE can further extend their gains.



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