Shibarium, the layer-2 blockchain platform of Shiba Inu, has been successfully launched and is ready for prime time. The project’s lead developer, Shytoshi Kusama, has shared the future roadmap of Shibarium, including the launch of WBONE, smart contract verification, and ShibaSwap migration.
Shibarium, the layer-2 blockchain platform of Shiba Inu, has been successfully launched and is ready for prime time.
The project’s lead developer, Shytoshi Kusama, has shared the future roadmap of Shibarium, including the launch of WBONE, smart contract verification, and ShibaSwap migration.
WBONE: The Gas Token for Shibarium
WBONE is the wrapped version of Bone ShibaSwap (BONE), which is the native token of ShibaSwap, the decentralized exchange of Shiba Inu.
It will also serve as the gas token for Shibarium, enabling low-cost and fast transactions on the network.
Kusama has assured that the development of WBONE is on track and will be launched soon.
ShibaSwap Migration and Shibarium Smart Contract Verification
Shibarium will also implement smart contract verification within the next week, enhancing the platform’s security and trustworthiness.
Additionally, the Shiba Inu team will renounce the BONE contract, which will prevent them from minting new BONE tokens.
This move has been highly anticipated by the SHIB army, who believe it will increase BONE’s demand and value and enable its listing on major exchanges.
Shibarium will also host all the Shiba Inu-related offerings, including non-fungible tokens (NFTs) like SHIBOSHIS and the metaverse product “Shib: The Metaverse.”
The first step in this direction is the migration of ShibaSwap to Shibarium, which will make it faster and cheaper to use.
Kusama further emphasized that Shibarium’s development journey is still in its early stages and that they will focus on building decentralized systems and showcasing Shibarium projects.
Shibarium Platform and Price Update
Shibarium was relaunched for the public after a brief hiatus due to technical difficulties caused by overwhelming user interest.
The platform was developed with the help of Shiba Inu developers, the Unification team, and Polygon’s developers. Shibarium has achieved significant milestones since its launch.
It has attracted over 100,000 wallets and processed over 445,000 transactions. It has also mined over 349,000 blocks with an average block duration of 5.1 seconds.
The platform has shown a high level of user engagement and scalability.
SHIB traded at $0.00000810 at press time, up by 3.85% in the last 24 hours. The token has a market capitalization of $4.02 billion and a 24-hour trading volume of $323 million.
SHIB is ranked as the 36th largest cryptocurrency by market cap.
