The Shibarium Mainnet is Back and Better Than Ever
The Shiba Inu team, led by developer Shytoshi Kusama, has reopened the Shibarium mainnet after thorough review and testing. The team has made significant improvements to enhance security, stability, and decentralization. As a result, the gas token Bone ShibaSwap (BONE) experienced a 15% surge in just a few hours.
Key Points:
- Shibarium is now live again, with block productions and transactions visible on Shibariumscan.io.
- The team promises a 1500% scale-up to further improve the network.
- New monitoring systems and fail-safe mechanisms have been implemented for added security.
- Bridged BONE tokens have arrived, and the community is asked to be patient while the chain is indexed.
- The team plans to implement ShibPaper for better governance and management.
BONE Price Sees Significant Increase
Following the reopening of Shibarium, the price of the gas token BONE has surged by 15% in the past 24 hours. It is currently trading at $1.38, with increased trading volume indicating growing interest among traders.
Meanwhile, the SHIB token saw a modest 1% increase, with LEASH experiencing an 18% surge in price.
Hot Take:
The reopening of Shibarium’s mainnet and the surge in BONE token price demonstrate the growing confidence in the Shiba Inu project. With improvements in the network and plans for better governance, Shiba Inu is positioning itself as a serious player in the crypto space.
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