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Breaking: BONE Price Soars 15% As Shibarium Mainnet Goes Live Again

Shiba Inu developer Shytoshi Kusama reopens the Shibarium mainnet to public after days of reviewing and testing. BONE and LEASH prices jumps.

Published by

Varinder Singh

Updated 24 Aug, 2023 | 11:40:58 AM UTC

Breaking: BONE Price Soars 15% As Shibarium Mainnet Goes Live Again

The Shiba Inu team led by developer Shytoshi Kusama has reopened the Shibarium mainnet after days of reviewing, testing, and tweaking the chain. After Shiba Inu influencers took to X to announce that the Layer-2 blockchain is live again, Shibarium’s gas token Bone ShibaSwap (BONE) skyrocketed more than 15% within hours.

Shibarium Mainnet Is Live Again

CoinGape Media reported that Shibarium is almost ready to reopen to the public today. Shiba Inu official Lucie hinted that Shibarium is producing blocks and working fine and just needs to be made public.

A few moments later, Shibariumscan.io explorer started showing block productions and transactions. Shytoshi Kusama promised to scale Shibarium by 1500% to improve security, stability, and decentralization. Shibarium has a new monitoring system and additional fail-safe mechanism including rate limiting at the RPC level and auto server reset.

Shiba Inu official Lucie revealed that her bridged BONE tokens have arrived and the Shibarium mainnet is public again. In addition, she also asked the community to be patient as the team is indexing the chain.

In addition, the Shiba Inu team will start implementing the ShibPaper to have a fully working system for governance and management. Projects and dApps will build on the Shibarium chain, increasing utility and token burns.

BONE Price Jumps 15%

Shibarium’s gas token BONE price has jumped 15% in the past 24 hours, with the price currently trading at $1.38. The 24-hour low and high are $1.19 and $1.34, respectively. Furthermore, trading volume has increased by 100% in the past 24 hours, indicating interest among traders.

Meanwhile, SHIB price jumped just 1% in the past 24 hours, with the price currently trading at $0.0000083. The 24-hour low and high are $0.00000813 and $0.00000851, respectively.

LEASH price skyrocketed 18% in the 24 hours, with the price currently trading at $494.

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by

Varinder Singh

Updated 24 Aug, 2023 | 11:40:58 AM

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