Bone ShibaSwap Hit $1.97 Amid The Coming Launch Of Shibarium Beta

Key Points:

• Inside the Shiba Inu ecosystem, the new network will allow developers to create bespoke tokens. It is also predicted to increase transaction times significantly and reduce gas costs.
• BONE is trading at $1.97, up nearly 16% over the last 24 hours, which has increased by 577% since May 12, 2022, when the price hit an all-time low of $0.2899.

According to a significant stakeholder in the memecoin ecosystem, Shiba Inu’s highly anticipated layer-2 network Shibarium will go into testing next week, and Bone, its native token, hit an all-time high after 9 months.

The official Bone ShibaSwap (BONE) Twitter account just issued a viral tweet confirming the debut date.

Shibarium embarks on becoming a powerful Layer 2 blockchain and a transitional evolution to the Shiba Ecosystem. Shibarium’s layer 2 is a collective blockchain that scales and invites solutions, innovation, and security to the Decentralized Finance Space.

This blockchain (L2) runs on top of the Ethereum blockchain, which the SHIB ecosystem tokens (SHIB, LEASH & BONE) utilize. A Layer 2 blockchain provides the benefits of scalability, faster transaction times, lower fees, and an expanded development framework.

Shiba everywhere gives us the ability to turn the tides of this battle without waging war. With Shibarium, we can simply walk away from the systems that oppress us and work together to make a better world with the culmination of all our skills, experiences, and a common vision.

Shytoshi Kusama wrote in a blog post

Inside the Shiba Inu ecosystem, the new network will allow developers to create bespoke tokens. It is also predicted to increase transaction times significantly and reduce gas costs.

BONE is the native token selected to pay for gas transactions and reward Validators and Delegators within the Shibarium protocol. Since its birth in July 2021, its primary function has been linked to governance, but now also the much anticipated Shibarium launch.

At the time of writing, BONE is trading at $1.97, up nearly 16% over the last 24 hours, which has increased by 577% since May 12, 2022, when the price hit an all-time low of $0.2899.

The release dates for the beta and official versions of Shibarium have been hotly debated.

The project’s pseudonymous head developer Shytoshi Kusama has indicated he’s not announcing definite dates to avoid disappointment from delays that could happen along the route.

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