In order to increase durability and maintain a position in the market, many memecoins are currently diversifying and providing many interesting utilities.
Among them, Baby Doge Coin (BABYDOGE), a rival of Shiba Inu, has launched a decentralized exchange (DEX) called BabyDogeSwap. This exchange has attracted a daily trading volume of nearly one million USD.
The launch of the BabyDogeSwap platform can be seen as an important step for the memecoin community. Currently, users can perform the following activities on the platform:
– Exchange tokens directly on the exchange.
– Create farms and pools on demand to profit from providing liquidity.
– Lock token (lck token) with zero cost.
– Check NFT information.
– Get a Babydoge crypto card to use.
While the launch of the new trading platform BabyDogeSwap has made Baby Doge Coin special, Shiba Inu has pioneered a turning point with the ShibaSwap exchange.
Since its launch, ShibaSwap has gained a solid position among the commonly used trading platforms in the world of Decentralized Finance (DeFi). For now, we will wait and see if BabyDogeSwap can surpass ShibaSwap.
In addition to the exchange launch, Baby Doge Coin also plans to leverage existing improvements to empower its community and provide more utility to the token and project.