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Shiba Inu Now Supported by Avalanche Bridge

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Thu, 12/09/2021 - 08:05
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Alex Dovbnya
Shiba Inu can now be transferred between Ethereum and Avalanche
Shiba Inu Now Supported by Avalanche Bridge
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Avalanche Bridge, which was introduced by Ava Labs in July, now supports meme cryptocurrency Shiba Inu.

The tool allows seamlessly moving Ethereum tokens to the Avalanche mainnet.

Users can also transfer wrapped versions of Bitcoin and Ethereum with the help of the bridge.

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As reported by U.Today, Avalanche's native token, AVAX, surpassed Shiba Inu by market cap in late November amid a record-setting rally. The two cryptocurrencies remain neck-and-neck in 12th and 13th places, respectively.

Ava Labs CEO Emin Gün Sirer recently described Shiba Inu as "a zero-sum game," adding that the best-performing cryptocurrency of this year is not his cup of tea.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.