One of the largest exchanges in the US is adding support for a crypto asset that will play a key role in Shiba Inu’s ecosystem.
Crypto.com has just added Bone ShibaSwap (BONE) to its lineup of altcoin listings.
BONE will be used to pay for gas fees on Shibarium, the much anticipated layer-2 project designed to make Shiba Inu more efficient, similar to Polygon (MATIC) on Ethereum (ETH).
It’s also the native token for ShibaSwap, a decentralized finance (DeFi) and decentralized exchange (DEX) for the Shiba Inu sphere.
Crypto?com Exchange lists Bone ShibaSwap $BONE
? Trade the $BONE $USD pair now
? https://t.co/GBTPzwVBuy pic.twitter.com/bAWmAeEyBb
— Crypto.com Institutional (@Cryptocom_Insto) March 2, 2023
Crypto.com’s BONE listing comes as developers prepare an imminent beta launch of Shibarium, which will allow developers to build scalable apps and launch custom tokens that are directly linked to the Shiba Inu community.
The launch dates for both the beta and official versions of Shibarium have been subject to debate, and the project’s pseudonymous lead developer Shytoshi Kusama has said he’s not giving firm dates to avoid disappointment from potential delays.
BONE has soared 90% since the start of the year. It’s also up 28% in the last 30 days, although it has dropped 10% in the last week. The altcoin is trading at $1.68 at time of publishing, down 4.2% in the last 24 hours.
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Featured Image: Shutterstock/Ico Maker/Chuenmanuse
Source: https://dailyhodl.com/2023/03/02/crypto-giant-adds-support-for-explosive-shiba-inu-altcoin-as-shibarium-approaches/