Blockchain security pioneer CertiK ranks meme coin Shiba Inu (SHIB) as the second most secure crypto project in its Web3 Security Leaderboard report. Shiba Inu received an overall score of 93, which is based on a crypto project’s relative safety, market performance, and social sentiment. In addition, SHIB ranks first in the Top Watchlisted DEX Projects for its native decentralized exchange ShibaSwap.

Shiba Inu declared the safest project by CertiK

Shiba Inu receive a Skynet Trust Score of 93 in CertiK’s Web3 Security Leaderboard report, securing 2nd position behind Polygon. This is an average of a “Security” score of 92 and a “Market & Community” score of 95, which is calculated by measuring a crypto project’s relative safety, market performance, and social sentiment.

According to the report, the highlights of the Shiba Inu project include decentralized, large market cap, long-term, offers bug bounties, and a lot of social following.

In addition, Shiba Inu took 1st place in the Tat 10 Watchlisted DEX projects on CertiK. SHIB’s decentralized exchange ShibaSwap leaves behind the popular platforms 1Inch and PancakeSwap.

The anticipated launch of the Shibarium Layer-2 blockchain has increased SHIB’s social activity. SHIB core developer Shytoshi Kusama and official platforms of the Shiba Inu ecosystem have released hints of Shibarium launching in early 2023.

Shibarium Network previously confirmed that BONE will be the only gas token for the Shibarium. In addition, the Shiba Inu ecosystem has formally announced that each Shibarium transaction will light up SHIB.

The community is excited about the latest developments regarding SHIB and Shibarium blockchain. Whale transactions have also increased amid the Shibarium blockchain announcements.

SHIB price awaits huge momentum

SHIB is trading strong during Monday’s market recovery. SHIB price is currently trading at $0.00000869, down 1% due to slight profit taking. Trading volume is up 80% in the last 24 hours.

Meanwhile, the price of Bone ShibaSwap (BONE) is trading at $1.12, down nearly 2% in the past 24 hours. The 24-hour low and high are at $1.11 and $1.19, respectively.

Also Read: Grayscale Bitcoin Trust (GBTC) Jumps 12% in Aid Rally, Will It Last?

Varinder is a technical writer and editor, technology enthusiast and analytical thinker. Fascinated by disruptive technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for quite some time and is currently covering all the latest updates and developments in the crypto industry.

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

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