- BabyDogeSwap tweeted that they have surpassed ShibaSwap TVL on Ethereum.
- The news has made it to the leading crypto exchange Binance’s feed.
- BabyDoge’s Burn portal will also be launched on February 13 which might be the reason behind the 34% increase in TVL.
BabyDogeSwap announced that it has surpassed ShibaSwap in terms of Total Value Locked (TVL) on Ethereum, and has been featured on Binance’s feed. The Twitter account of BabyDogeSwap excitedly shared the news with its 1.7 million followers.
Baby Doge Swap has soared over 34% in Total Volume Locked (TVL) to a new all-time high of over $50 million, dominating the week leading up to the start of February. According to DefiLlama, Baby Doge Swap surpassed ShibaSwap this week and outperformed the Ethereum rival by 16%.
On the Binance feed, a user named “Crypto Masters” posted that BabyDoge is following in the same footsteps as ShibaSwap and has grown by 143% in the past 30 days. Moreover, the user highlighted that BabyDoge is close to hitting $50 million TVL passing ShibaSwap on BabyDogeSwap. The leading cryptocurrency exchanger also user advised readers to invest wisely and do proper research of their own.
In terms of volume growth over the past 30 days, Baby Doge Swap has surpassed practically every other Decentralized Exchange on BNB Chain. The DEX has increased by almost 65% since January, trailing only Thena Finance, which had a record-breaking month and generated over $100M in TVL.
Meanwhile, BabyDoge’s Burn Portal is also due for launch in just 10 days on February 13 which will enable users to burn $BABYDOGE tokens and purchase new tokens at a discounted rate. The coin also declared that it will be hosting a giveaway worth $500 for the Burn Portal launch.
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