Pawswap (PAW) Token Outperforms Top Cryptos

• Pawswap’s price has climbed about 5500% since its launch.
• Over 45 billion PAW has been burned.

PawSwap (PAW), a Shibarium protocol-based decentralized exchange (DEX), is riding the bullish wave today, with its price rising by 13% to $0.00000004965, marking its highest level in the past two weeks. 

Pawswap was designed to make crypto trading available to all. Also, Pawswap is inspired by Shiba Inu’s successes and is built on “Shibarium,” a Layer 2 blockchain. That is focused on boosting transaction speed and lowering costs to grow the Shiba Inu ecosystem.

Pawswap Price Line

The growth of the Shiba Inu and Ethereum protocols, on which both are dependent, might be the strategic pillars of PawSwap’s price surge. Further, Shytoshi Kusama declared that he and the SHIB team have nothing to do with PawSwap and distanced themselves from PAW.

At the time of writing, Pawswap (PAW) traded at $0.00000004843 with a 24-hour trading volume of $1.97 million, an increase of about 30%. The price of PAW climbed about 42% in a week and 27% in the last 14 days. Also, Pawswap’s price has soared more than 5500% year to date. 

Further, since March 7, 45 billion PAW has been burned after introducing its burn portal, “PAWBURN,” to the community. Moreover, the prices of the paw-related leading memecoins Shiba Inu (SHIB) and Bone ShibaSwap (BONE) are also increasing. According to CoinMarketCap, SHIB rose over 3% in the last two weeks. And BONE soared about 2% in the last 24 hours.