Shiba Inu (SHIB) Ranks 2nd In Most Secure Crypto Projects: Report

Blockchain security pioneer CertiK ranks meme coin Shiba Inu (SHIB) as the 2nd most secure crypto project in the Web3 Security Leaderboard report. Shiba Inu received an overall score of 93, which is based on a crypto project’s relative security, market performance, and social sentiment. Moreover, SHIB ranks first in the Top Watchlisted DEX Projects for its native decentralized exchange ShibaSwap.

Shiba Inu Named the Most Secure Project By CertiK

Shiba Inu received a Skynet Trust Score of 93 in CertiK’s Web3 Security Leaderboard report, securing the 2nd position after 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 security, market performance, and social sentiment.

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

Furthermore, Shiba Inu has secured 1st rank in the Top 10 Watchlisted DEX Projects on CertiK. SHIB’s decentralized exchange ShibaSwap leaves behind popular platforms 1Inch and PancakeSwap.

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

Shibarium Network confirmed earlier that BONE will be the only gas token for the Shibarium. Moreover, the Shiba Inu ecosystem formally announced that each Shibarium transaction will burn SHIB.

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

SHIB Price Awaits Massive Momentum

SHIB is trading strongly amid the market recovery seen on Monday. The SHIB price is currently trading at $0.00000869, down 1% due to slight profit-taking. The trading volume is up 80% in the last 24 hours.

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

Also Read: Grayscale Bitcoin Trust (GBTC) Jumps 12% In A Relief Rally, Will It Sustain?

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 a substantial period and is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.