SHIB Makes History as First Meme Coin to Join Major Cross-Chain DeFi Platform

Quick highlights Shiba Inu became the first meme coin to join Folks Finance and now offers cross-chain lending and borrowing ￰0￱ partnership builds on existing infrastructure within the Shiba Inu ￰1￱ integration uses Chainlink technology to connect multiple blockchain ￰2￱ Inu (SHIB) achieved a significant milestone by becoming the first meme coin to integrate with Folks Finance, a prominent cross-chain decentralized finance ￰3￱ listing allows SHIB holders to use various blockchain networks' lending and borrowing ￰4￱ integration is a significant achievement of meme coin utility in the DeFi ￰5￱ a post , the SHIB team emphasized the added functionality for token holders.

Cross-Chain Lending and Borrowing Capabilities The integration enables Folks Finance to give SHIB holders token yields through lending ￰6￱ holders of SHIB can also use them as collateral when borrowing other digital ￰7￱ services are also used on various blockchain networks, allowing investors to be more ￰8￱ cross-chain feature is based on the Chainlink Cross-Chain Interoperability Protocol (CCIP). The technology allows developers to develop apps that can transfer tokens and data across blockchains without ￰9￱ their announcement , Folks Finance stressed the historic nature of the ￰10￱ protocol announced SHIB as ”the first memecoin with cross-chain lending markets,” highlighting the distinct role that such integration will play in the cryptocurrency ￰11￱ partnership builds on existing infrastructure within the Shiba Inu ￰12￱ tokens in the ecosystem already use Chainlink technology, which forms a framework to support increased cross-chain ￰13￱ Expansion Through Strategic Partnerships This is not the only collaboration that Shiba Inu has with ￰14￱ ecosystem previously adopted Chainlink's Cross-Chain Interoperability Protocol for broader token ￰15￱ year, three of the largest tokens that belong to the Shiba Inu ecosystem adopted the CCIP ￰16￱ integration gave SHIB, Doge Killer (LEASH), and Bone ShibaSwap (BONE) access to twelve blockchain networks.

SHIB's price reflected modest gains following the ￰17￱ the time of writing, the token was trading at around $0.00001243, representing a 1.13% increase over the past 24-hour ￰18￱ price.) traded at $23.51 at press time, up 0.92% in the last 24 hours, potentially reflecting investor optimism about expanded protocol ￰19￱ (LINK) price.