BabyDogeSwap, a decentralized trading and aggregation platform, has emerged as a competitor to Shiba Inu’s BabyDogeCoin.
This platform marks a significant shift in the memecoin community, as it provides users with various services. Users can now easily swap tokens using the platform’s aggregator. Additionally, they can use the free token locker, create farms and pools as needed, and explore the NFTs available on the trading platform.
While BabyDogeSwap introduces its DEX, it is worth noting that Shiba Inu has already set a precedent with its ShibaSwap trade. BabyDogeSwap will be compared to ShibaSwap to determine if it can surpass its competitor.
ShibaSwap has established itself as one of the most popular decentralized trading platforms in the DeFi sector, boasting a daily trading volume of $1 million.
BabyDoge, the memecoin known for its attempt to break the Guinness World Record for the most extensive pet donation, plans to leverage current innovations to empower its community members and increase the value of its token.
While focusing on developing its new trading platform, BabyDoge offers a token burn program. This program rewards users with lower trading fees on the latest exchange if they burn their BabyDoge tokens using the burn portal.
The platform also intends to introduce a Virtual Crypto Card for customers to spend their cryptocurrency and incorporate an on-ramp feature for easy withdrawals.
The BabyDogeSwap launch is expected to generate excitement about the protocol’s long-term potential. This is due to the BabyDoge community on Twitter, which has amassed over 1.9 million followers.
By distinguishing itself from Shiba Inu and Shibarium in terms of growth, the new exchange has the potential to halt the current downward trend of the memecoin, which is currently trading at $0.0000000014.
