In an industry where scams, phishing, hacks, rug pulls, scandals and exploits are nothing new, investing in crypto is a risky endeavor. Certik - a blockchain security company centered on the Web3, cryptocurrency and decentralized finance industries - released an interesting report this week that could put Shiba Inu holders at ease.
Shiba Inu was given a trust score of 93 and ranked second to Polygon, which has a score of 95 on its Certik Security Leaderboard. In May, the company awarded ShibaSwap, Shiba Inu's decentralized exchange, the second most secure crypto project, following the DEX security rating of 95%.
In Shytoshi Kusama's previous tease about the release date of the Shibarium, the pseudonymous lead developer of the Shiba Inu ecosystem, the hashtag lateapril was used.
The April April is a reference to ShibaSwap's initial release window. It is hoped to roll out in the late part of April 2021. As the security process lasted longer than anticipated, it led to the DEX launch in July 2021.
However, Certix hailed the decentralized exchange as among the top most secure projects in the industry.
SHIB was down 3.32% at $0.00001005 as of 3:18 a.m. Wednesday, according to CoinMarketCap, with a 24 hour volume of $167,286,185.