![Crypto Terms Glossary: What is ShibaSwap? Crypto Terms Glossary: What is ShibaSwap?](/img/80/1287/what-is-shibaswap-sm.webp)
ShibaSwap is the decentralized exchange (DEX) created by the Shiba Inu blockchain project. ShibaSwap was designed to create a safe and user-friendly environment to trade cryptocurrencies in a fully decentralized manner. Launched in July 2021, it functions like a traditional DEX while also featuring decentralized governance, staking options, and a non-fungible token (NFT) marketplace.