The cryptocurrency landscape continues to evolve with growing interoperability between blockchains and expanded asset support across major exchanges. In a significant move to enhance user flexibility and access to decentralized finance (DeFi) ecosystems, HTX has officially enabled deposit and withdrawal functionality for the SHIB pegged token on the HECO network. This development marks an important step for users seeking faster, lower-cost transactions within the HECO (Huobi ECO Chain) ecosystem.
What Is Heco-Peg SHIB Token?
The Heco-Peg SHIB Token is a cross-chain version of the popular meme cryptocurrency Shiba Inu (SHIB), specifically issued on the HECO network. It operates as a wrapped or pegged asset, meaning it maintains a 1:1 value equivalence with native SHIB while being compatible with HECO’s high-performance blockchain infrastructure.
By bridging SHIB onto HECO, users gain access to a broader range of DeFi applications, including decentralized exchanges, yield farming protocols, and liquidity pools — all with reduced transaction fees and faster confirmation times compared to Ethereum.
👉 Discover how cross-chain assets can boost your trading efficiency
Full Support for SHIB on HECO: Deposit & Withdrawal Now Live
HTX has confirmed that both deposit and withdrawal services for Heco-Peg SHIB are now fully operational. This allows traders and investors to seamlessly transfer their SHIB tokens into and out of the HECO network through the HTX platform.
This integration aligns with HTX's ongoing efforts to expand multi-chain support and improve user experience across various blockchain environments. With this update, users can now leverage SHIB within HECO-based financial protocols without leaving the HTX ecosystem.
Key Features of the Launch:
- ✅ Deposit and withdrawal available
- ✅ Powered by Heco-Peg cross-chain mechanism
- ✅ Optimized for speed and low gas fees
- ✅ Integrated into existing wallet infrastructure
Important Usage Guidelines
To ensure safe and successful transactions, users must follow these essential guidelines when handling Heco-Peg SHIB:
- Network Compatibility: The Heco-Peg SHIB Token exists solely on the HECO network and currently does not support direct transfers to or from other blockchain networks such as Ethereum, Binance Smart Chain, or Polygon.
- Select Correct Chain: When depositing or withdrawing, always select the "HECO" chain option in your wallet or on the exchange interface. Using an incorrect network may result in permanent loss of funds due to incompatible address formats.
- Avoid Third-Party Tokens: Do not send any third-party issued versions of SHIB (e.g., unofficial forks or clones) to HTX addresses. Only official Heco-Peg SHIB tokens are supported.
⚠️ Reminder: Blockchain transactions are irreversible. Always double-check the network and address before confirming any transfer.
Broad Asset Support on HECO Network
HECO has rapidly expanded its ecosystem, now supporting a total of 84 digital assets, including major cryptocurrencies like ETH, USDT, BTC (as WBTC), UNI, AAVE, DOGE, MATIC, and many others. HTX provides full deposit and withdrawal capabilities for all these assets when operating on the HECO network.
This extensive support makes HECO one of the most robust alternative Layer-1 solutions for DeFi participation, offering high throughput, low latency, and economic efficiency — ideal for active traders and yield seekers.
Some notable assets supported on HECO include:
- Stablecoins: USDT, USDC, DAI, HUSD
- Governance Tokens: COMP, CRV, UMA, MKR
- Meme Coins: DOGE, SHIB
- Cross-chain Wraps: WBTC, WETH
With such comprehensive coverage, users can manage diverse portfolios directly through HTX using the HECO network’s advantages.
Why Choose HECO for Your Crypto Transactions?
The HECO network (Huobi ECO Chain) was designed to deliver a scalable, efficient, and developer-friendly environment for decentralized applications. Here's why it stands out:
- Low Transaction Fees: Significantly cheaper than Ethereum mainnet
- Fast Confirmations: Average block time under 3 seconds
- EVM-Compatible: Easy integration with existing Ethereum tools and wallets
- Growing DeFi Ecosystem: Over 100+ integrated projects including SushiSwap, MDEX, and Nest Protocol
For SHIB holders, moving to the Heco-Peg version unlocks opportunities beyond simple trading — think staking rewards, liquidity mining, and participation in governance models — all made possible through seamless integration with HTX.
👉 Learn how to optimize your crypto strategy across multiple chains
Frequently Asked Questions (FAQ)
Q: What is the difference between native SHIB and Heco-Peg SHIB?
A: Native SHIB runs on the Ethereum blockchain, while Heco-Peg SHIB is a mirrored version operating on the HECO network. They have equal value but exist on separate chains and cannot be directly interchanged without a cross-chain bridge.
Q: Can I transfer Heco-Peg SHIB back to Ethereum?
A: Currently, HTX does not support automatic conversion or transfer between different blockchain versions of SHIB. You would need to use a cross-chain bridge service to move funds between networks.
Q: Is there a minimum deposit amount for Heco-Peg SHIB?
A: Yes, HTX enforces minimum thresholds to prevent spam and failed transactions. Please check the current minimum deposit requirement on your account dashboard before initiating a transfer.
Q: Are withdrawal fees high for Heco-Peg SHIB?
A: No — one of the key benefits of using HECO is its low transaction cost. Withdrawal fees for Heco-Peg SHIB are minimal compared to Ethereum-based transfers.
Q: How do I verify I’m using the correct network on HTX?
A: When depositing or withdrawing, HTX displays available networks. Ensure you explicitly select “HECO” from the dropdown menu. If unsure, consult the platform’s help center or test with a small amount first.
Q: What happens if I send SHIB via the wrong network?
A: Sending tokens via an incorrect chain may lead to irreversible loss of funds. Always confirm the receiving address matches the selected network type (e.g., starts with '0x' and is compatible with HECO).
Looking Ahead: The Future of Cross-Chain Assets
As blockchain fragmentation increases, the demand for reliable cross-chain solutions grows stronger. The launch of SHIB on HECO exemplifies how centralized platforms like HTX play a crucial role in enabling interoperability and expanding access to emerging ecosystems.
With more users exploring multi-chain strategies for yield optimization and risk diversification, services that simplify cross-network operations — such as pegged tokens — will become increasingly vital.
👉 Stay ahead with real-time insights on cross-chain developments
Final Thoughts
HTX’s decision to support deposits and withdrawals of Heco-Peg SHIB Token strengthens its position as a versatile gateway between major blockchain networks. Whether you're a long-term holder or an active DeFi participant, leveraging SHIB on HECO offers tangible benefits in terms of speed, cost-efficiency, and ecosystem access.
Always remember to follow best practices when managing cross-chain assets — verify networks, use trusted platforms, and keep security at the forefront of every transaction.
Note: HTX reserves the right to modify or cancel this service at any time without prior notice.