$SHIB shows strong fundamental growth following the rising revenue of Shibaswap, but it might not be enough
From a DeFi perspective, revenue growth is an important factor for the growth of the overall ecosystem. This is because revenue generated from decentralized exchanges like Shibaswap is distributed among users who provide liquidity to the platform. This incentivizes users to continue providing liquidity, which in turn helps to increase the liquidity of the platform and ultimately contributes to the overall growth of the DeFi ecosystem.
Despite the positive news of Shibaswap's revenue growth, the Shiba Inu cryptocurrency has been continuously moving downward, trading at $0.00001 at the time of writing. This is likely due to the overall bearish sentiment on the cryptocurrency market, as well as concerns over the potential oversupply of Shiba Inu tokens due to the upcoming airdrop.
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