Shibarium L2 Hits 50K Wallets: $BONE Soars as $PEPE Drops 20%

Last Updated: August 28, 2023

• Shibarium Mainnet relaunched and tracked publicly, registering over 50,000 crypto wallets
• Gas fee token $BONE grows as rival $PEPE drops by 20%, with two extra validators and a 1500% scale rise speeding up the L2
• Bone ShibaSwap (BONE) grew 6.6% to trade at $1.44, gaining 15.7% in the last week

Shibarium Layer-2 Mainnet

The Shibarium Layer-2 mainnet has been publicly available since its recent relaunch and now tracks over 50,000 crypto wallets. To ensure smooth operation of the network, Shibarium devs have carried out several tweaks such as increasing scaling by 1500%, along with two new validators. The average block production speed is back to normal – five seconds at the time of publication – allowing for 100,905 transactions on the Layer-2 mainnet.

Impact on Token Prices

While these positive changes have yet to reflect on Shiba Inu’s price, which currently trades at $0.00000808 with a 2.2% decline in the last 24 hours according to CoinGecko , Bone ShibaSwap (BONE) reacted positively and increased 6.6% to trade at $1.44, totaling weekly gains to 15.7%.

SHIB Army Benefits from Restart

The restarted Shibarium Layer-2 mainnet delivers new scaling opportunities for a vast community known as the SHIB Army who now benefit from improved blockchain activity tracking along with faster block production times.

Official Gas Fee & Governance Token BONE

As an official gas fee and governance token of the Shiba Inu Ecosystem, BONE is now listed #102 in global crypto market cap rankings due to its growth of 15.7%. Moreover, it occupies #102 spot by global crypto market cap due to its positive reaction upon news that Shibarium is back online again after adjustments by developers were made in order for it to run smoothly once more..



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