Last Updated: August 27, 2023
• Shibarium recently went private after $1.8M ETH got stuck on the cross-chain bridge, and developers launched two extra validators to deal with the traffic influx.
• Bone ShibaSwap (BONE), the gas fee token for Shibarium’s L2 mainnet, has just been listed by ICRYPEX in Turkey.
• The relaunch of Shibarium’s public mainnet is imminent, as it now boasts a 1,500% increased server capacity.
Shibarium Relaunch Sparks Dynamic Expansion
Shibarium went private after $1.8 million ETH got stuck on their cross-chain bridge and decided to launch two extra validators to deal with the influx of traffic. As part of this expansion, Shiba Inu’s gas fee token Bone ShibaSwap (BONE) has been listed in Turkey by ICRYPEX exchange just ahead of the relaunch of Shibarum’s public mainnet.
Highly-Anticipated Layer-2 Scaling Solution
Shibarium’s Layer-2 scaling solution was highly anticipated and dropped during Shytoshi Kusama’s speech in Toronto, Canada last week. However, due to high demand for the mainnet, it had to be restarted several days later with a 1,500% increased server capacity. Since then SHIB Token has regained its uptrend and is currently trading above its weekly bottom at $0.00000776 USD.
Bone Gets New Listing
The market correction didn’t stop Bone ShibaSwap from expanding into new territories as it was listed by one of Turkey’s largest cryptocurrency exchanges – ICRYPEX – just before Shibarium’s mainnet relaunch. BONE is currently trading at around $1.35 per CoinGecko at press time and 88,535 holders have accumulated tokens since launch .
The Gas Fee Token For Transactions On Mainnet
As part of Shibarium’s goal to onboard a billion people onto their blockchain ecosystem , BONE will play an important role as it will be utilized for every transaction conducted on the platform when it goes live again soon . Currently capped at 250 million tokens , this may explain why so many BONE holders are accumulating tokens rapidly .
Shibarum’s upcoming relaunch is creating dynamic expansion opportunities that could make SHIB Token more accessible than ever before – especially if they manage to onboard a billion people on their blockchain ecosystem . With Bone ShibaSwap (BONE) already being listed by one major exchange in Turkey , more listings could be seen in other countries too – making SHIB Token more tradeable than ever before .