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UAE Embrace Shiba Inu as Web3 Project Platform

Shiba Inu took another step away from its memecoin roots yesterday when the United Arab Emirates (UAE) announced a partnership with the token to bring innovative Web3 solutions to the federal government. As part of the partnership, the UAE government’s Ministry of Energy and Infrastructure (MoEI) will use Shiba Inu’s operating system, or ShibOS, across several initiatives, including public service efficiency, environmentally friendly infrastructure projects, and citizen-focused governance actions. More broadly, ShibOS will be used to unify development and integrate various energy and infrastructure projects across the seven emirates in the federation, which include Abu Dhabi and Dubai. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io Crypto Briefing

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Fluid DEX Volume Soars to All-Time High in February

Fluid, a decentralized exchange (DEX) and lending protocol, is eclipsing all-time high volumes and total-value locked (TVL). The DEX reached an all-time high weekly volume of $1.34 billion between Jan. 27 and Feb. 2, and is on track to eclipse that number in the next seven-day period after recording $820 million over the last 48 hours. This compares with weekly volume of $17 bilion for Uniswap, the largest Ethereum DEX by volume. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io Crypto Briefing